Nextdoor director exercises 6,535 RSUs
Nextdoor Holdings director Elisa Steele exercised restricted stock units into common shares.
Rhea-AI Filing Summary
Nextdoor Holdings director Elisa Steele exercised restricted stock units into common shares. On March 31, 2026, 6,535 RSUs converted into 6,535 shares of Class A Common Stock at an exercise price of $0.00 per share. Following the transaction, Steele directly holds 76,529 Class A shares and 19,608 RSUs.
Each RSU represents a right to receive one Class A share, subject to continued service. The RSU award is scheduled to vest in four equal installments on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, and any unvested RSUs will either vest or be cancelled.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,535 shares exercised/converted
Exercise
2 txns
Insider
Steele Elisa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 6,535 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 6,535 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (RSU) — 19,608 contracts (Direct);
Class A Common Stock — 76,529 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 will vest as to 1/4 of the shares subject to the award on each of March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, in each case, subject to the reporting person's continued service to the Issuer through each such date.
- F3. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs exercised: 6,535 units
Shares received: 6,535 shares
Exercise price: $0.00 per share
+3 more
6 metrics
RSUs exercised
6,535 units
RSUs converted to Class A Common Stock on March 31, 2026
Shares received
6,535 shares
Class A Common Stock from RSU conversion on March 31, 2026
Exercise price
$0.00 per share
RSU conversion price on March 31, 2026
Shares held after
76,529 shares
Direct Class A Common Stock holdings following transaction
RSUs held after
19,608 units
Restricted stock units remaining after the reported exercise
RSU vesting dates
March 31, 2026; June 30, 2026; September 30, 2026; December 31, 2026
Scheduled RSU vesting in four equal installments
Key Terms
Restricted Stock Units (RSU), Class A Common Stock, contingent right, vest, +1 more
5 terms
Restricted Stock Units (RSU) financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Class A Common Stock financial
"one share of the Issuer's Class A Common Stock, subject only to continued service"
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.
contingent right financial
"represents a contingent right to receive one share of the Issuer's Class A Common Stock"
vest financial
"will vest as to 1/4 of the shares subject to the award on each of March 31, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
cancelled prior to the vesting date financial
"These RSUs do not expire; they either vest or are cancelled prior to the vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nextdoor (NXDR) director Elisa Steele report in this Form 4?
Elisa Steele reported exercising 6,535 restricted stock units into 6,535 shares of Nextdoor Class A Common Stock. The transaction reflects equity compensation vesting rather than an open-market stock purchase or sale, and was recorded at an exercise price of $0.00 per share.
How many restricted stock units did Elisa Steele exercise at Nextdoor (NXDR)?
Elisa Steele exercised 6,535 restricted stock units, each converting into one share of Class A Common Stock. These RSUs carried an exercise price of $0.00, consistent with typical stock-based compensation, and increased her directly held share count as reported in the filing.
What is the vesting schedule of Elisa Steele’s RSU award at Nextdoor (NXDR)?
The RSU award is scheduled to vest in four equal installments on March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026. Vesting on each date depends on Elisa Steele’s continued service to Nextdoor through that specific vesting date.
What happens to Elisa Steele’s unvested RSUs at Nextdoor (NXDR)?
Unvested RSUs either vest or are cancelled prior to their vesting date. Each RSU represents a contingent right to receive one Class A Common share, but this right is conditioned on continued service through the applicable vesting dates in 2026.
Is Elisa Steele’s Form 4 transaction in Nextdoor (NXDR) an open-market trade?
No, the Form 4 shows an exercise of 6,535 restricted stock units, not an open-market buy or sell. The transaction is labeled as a derivative exercise at a $0.00 price, reflecting stock-based compensation vesting rather than a discretionary stock trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
