Nextdoor CFO exercises RSUs, withholds shares for tax
On July 15, 2026, Nextdoor Holdings’ CFO and Treasurer Indrajit Ponnambalam had 103,249 RSUs vest and convert into the same number of Class A shares at $0.00 per share.
Rhea-AI Filing Summary
On July 15, 2026, Nextdoor Holdings’ CFO and Treasurer Indrajit Ponnambalam had 103,249 RSUs vest and convert into the same number of Class A shares at $0.00 per share. To satisfy tax obligations, 33,402 shares were withheld at $2.52 per share, leaving 138,862 shares held directly. The RSU award vests in equal quarterly installments over four years on January 15, April 15, July 15 and October 15, beginning April 15, 2026, subject to continued service, and the transactions were not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
103,249 shares exercised/converted
Exercise
3 txns
Insider
Ponnambalam Indrajit
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) F1, F2, F3 | 103,249 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (RSU) | 103,249 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Restricted Stock Units (RSU) | 33,402 | $2.52 | $84K |
Holdings After Transaction:
Restricted Stock Units (RSU) — 1,445,485 contracts (Direct);
Restricted Stock Units (RSU) — 138,862 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject only to continued service to the Issuer.
- F2. 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 event on April 15, 2026, 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.
Key Figures
RSUs vested and converted: 103,249 shares
Shares withheld for taxes: 33,402 shares
Tax withholding price: $2.52 per share
+3 more
6 metrics
RSUs vested and converted
103,249 shares
Restricted Stock Units converted into Class A shares on July 15, 2026
Shares withheld for taxes
33,402 shares
Shares withheld at $2.52 per share to satisfy tax obligations
Tax withholding price
$2.52 per share
Price applied to tax-withholding disposition on July 15, 2026
Direct holdings after transactions
138,862 shares
Direct non-derivative holdings following tax-withholding disposition
RSU derivative holdings after vesting
1,445,485 units
Derivative RSU balance after cancellation of 103,249 units
Transaction date
July 15, 2026
Date of RSU vesting, conversion and tax withholding
Key Terms
Restricted Stock Units (RSU), tax-withholding disposition, Rule 10b5-1, derivative security, +1 more
5 terms
Restricted Stock Units (RSU) financial
"Security title listed as Restricted Stock Units (RSU)"
tax-withholding disposition financial
"transaction_action described as tax-withholding disposition of shares"
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.
Rule 10b5-1 regulatory
"Checkbox indicates transactions were not under a Rule 10b5-1 plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
derivative security financial
"transaction_code_description refers to 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.
Class A Common Stock financial
"underlying_security_title shown as Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Nextdoor Holdings (NXDR) report for its CFO?
Nextdoor’s CFO Indrajit Ponnambalam had 103,249 RSUs vest and convert into Class A shares and 33,402 shares withheld for taxes on July 15, 2026. The activity reflects RSU vesting, not open-market buying or selling.
What are the vesting terms of the CFO’s RSU award at Nextdoor Holdings (NXDR)?
Each RSU represents one Class A share and vests in equal quarterly installments over four years on January 15, April 15, July 15 and October 15, with the first vesting date on April 15, 2026, subject to continued service with the company.
Were the NXDR insider transactions made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is marked as not applicable, indicating these transactions were not carried out under a pre-arranged Rule 10b5-1 trading plan. Their timing therefore was not governed by such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
