[Form 4] Nextdoor Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Sophia Schwartz, General Counsel and Secretary of Nextdoor Holdings, Inc. (NXDR), reported a sale of 40,000 Class A shares on 09/15/2025 at a price of $2.1239 per share. The filing states the sale was made under a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2025. Following the transaction, Ms. Schwartz is reported to beneficially own 321,580 Class A shares directly. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/17/2025. No derivative transactions or other securities classes were reported in this filing.

Positive

• Transaction executed under a documented Rule 10b5-1 plan, indicating the sale was pre-scheduled and reduces the likelihood of opportunistic insider trading.
• Reporting person retains 321,580 Class A shares after the sale, maintaining continued ownership alignment with shareholders.

Negative

• Disposition of 40,000 shares is a liquidity event by an officer and may be perceived negatively by some investors despite being pre-planned.

Insights

Securities Analyst

TL;DR: Officer executed a routine 10b5-1 sale of 40,000 shares; ownership remains material but transaction appears pre-planned.

The sale of 40,000 Class A shares at $2.1239 under a documented 10b5-1 plan suggests this was a pre-scheduled disposition rather than a reactive insider trade. Retained direct ownership of 321,580 shares still represents meaningful insider alignment with shareholders. Absent additional context on total outstanding shares or recent insider activity, the transaction is informational and likely has limited incremental market impact.

Corporate Governance Expert

TL;DR: Use of a 10b5-1 plan reflects governance best practice for managed insider trading; documentation reduces signaling risk.

Adoption of a written plan on May 20, 2025 and execution consistent with that plan demonstrates procedural compliance with insider-trading rules. The filing includes an attorney-in-fact signature, indicating proper execution. From a governance perspective, this reduces concerns about opportunistic trading by an officer, though continued monitoring of insider transactions remains appropriate.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schwartz Sophia

(Last) (First) (Middle)

420 TAYLOR STREET

(Street)

SAN FRANCISCO CA 94102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Nextdoor Holdings, Inc. [ NXDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/15/2025		S		40,000(1)	D	$2.1239	321,580	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Sale of shares made pursuant to and in accordance with the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, under a plan adopted by the Reporting Person on May 20, 2025.

Remarks:

	/s/ Noah Johnson, as Attorney-in-Fact for Reporting Person	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Nextdoor (NXDR) insider Sophia Schwartz sell on 09/15/2025?

The Form 4 reports a sale of 40,000 Class A shares at $2.1239 per share on 09/15/2025.

Was the NXDR sale by Sophia Schwartz part of a 10b5-1 plan?

Yes. The filing states the sale was made pursuant to a Rule 10b5-1 plan adopted on May 20, 2025.

How many NXDR shares does Sophia Schwartz own after the sale?

The Form 4 reports that Ms. Schwartz beneficially owns 321,580 Class A shares following the transaction.

Who signed the Form 4 for Sophia Schwartz and when?

The form was signed by Noah Johnson, as Attorney-in-Fact, on 09/17/2025.

Were any derivative securities reported in this Form 4 for NXDR?

No. The filing shows no derivative securities acquired, disposed of, or beneficially owned.