Nextdoor Holdings CRO exercises RSUs, pays taxes in stock
Nextdoor Holdings, Inc. reports that Chief Revenue Officer Michael Kiernan converted restricted stock units into 92,630 shares of Class A Common Stock on July 15, 2026.
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Form Type
4
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. reports that Chief Revenue Officer Michael Kiernan converted restricted stock units into 92,630 shares of Class A Common Stock on July 15, 2026. To satisfy tax obligations, 40,110 shares were delivered at $2.52 per share, with the related RSU awards continuing to vest quarterly under disclosed schedules.
Insider Trade Summary
92,630 shares exercised/converted
Exercise
6 txns
Insider
Kiernan Michael
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) F1, F2, F3 | 65,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (RSU) F1, F4, F3 | 27,630 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 65,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 28,146 | $2.52 | $71K |
| Exercise | Class A Common Stock | 27,630 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 11,964 | $2.52 | $30K |
Holdings After Transaction:
Restricted Stock Units (RSU) — 516,826 units (Direct);
Class A Common Stock — 617,661 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. The RSU award vests in eight equal quarterly installments on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
- F3. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
- F4. The RSU award vests in equal quarterly installments over four years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting date on April 15, 2026, subject to the reporting person's continued service to the Issuer on each vesting date.
Key Figures
Shares from RSU conversion: 92,630 shares
Shares withheld for taxes: 40,110 shares
Tax-withholding price: $2.52 per share
+2 more
5 metrics
Shares from RSU conversion
92,630 shares
Class A Common Stock received from RSU exercises on July 15, 2026
Shares withheld for taxes
40,110 shares
Class A Common Stock delivered to cover tax obligations on July 15, 2026
Tax-withholding price
$2.52 per share
Price used for tax-withholding dispositions of Class A Common Stock
RSU vesting start (8-installment award)
April 15, 2025
First vesting date for RSU award vesting in eight equal quarterly installments
RSU vesting start (4-year award)
April 15, 2026
First vesting date for RSU award vesting in equal quarterly installments over four years
Key Terms
Restricted Stock Units ("RSU"), tax-withholding disposition, derivative security
3 terms
Restricted Stock Units ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition" for certain Class A Common Stock entries"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transactions did Nextdoor (NXDR) report for Michael Kiernan on July 15, 2026?
On July 15, 2026, Chief Revenue Officer Michael Kiernan converted restricted stock units into 92,630 shares of Nextdoor Class A Common Stock and delivered 40,110 shares at $2.52 per share to satisfy tax obligations associated with these RSU-related transactions.
What are the vesting terms of Michael Kiernan's RSUs at Nextdoor (NXDR)?
One RSU award vests in eight equal quarterly installments on January 15, April 15, July 15 and October 15, starting April 15, 2025. Another RSU award vests in equal quarterly installments over four years, beginning April 15, 2026, subject to continued service.
Do Michael Kiernan's RSUs at Nextdoor (NXDR) expire?
The footnotes state these RSUs do not expire. Instead, each restricted stock unit either vests on its scheduled vesting date or is cancelled before vesting, depending on whether the reporting person continues to provide service to Nextdoor on each applicable vesting date.
Were Michael Kiernan's Nextdoor (NXDR) transactions part of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked, and the footnotes do not reference any trading plan. Based on this disclosure, the transactions are not affirmatively identified as executed under a pre-arranged Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
