Nextdoor (NXDR) CEO Nirav Tolia logs major RSU vesting and tax withholdings
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. CEO and President Nirav N. Tolia, who is also a director and more than 10% owner of the company, reported multiple equity transactions dated January 15, 2026. A total of 313,126 restricted stock units and 45,126 restricted stock units vested and were settled into an equal number of shares of Class A Common Stock at an exercise price of $0. To cover tax obligations related to these vestings, 127,567 and 17,758 shares of Class A Common Stock were withheld at a price of $1.96 per share. Following these transactions, Tolia directly held 1,531,733 shares of Class A Common Stock, along with 2,818,137 and 541,504 restricted stock units that continue to vest in equal quarterly installments over four years, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 313,126 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) | 45,126 | $0.00 | -- |
| Exercise | Class A Common Stock | 313,126 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 127,567 | $1.96 | $250K |
| Exercise | Class A Common Stock | 45,126 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 17,758 | $1.96 | $35K |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. 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 July 15, 2024, subject to the reporting person's continued service to the Issuer on each vesting date. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date. 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, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
FAQ
What insider transactions did NXDR CEO Nirav Tolia report on January 15, 2026?
On January 15, 2026, Nirav N. Tolia reported the vesting and settlement of 313,126 and 45,126 restricted stock units into Class A Common Stock at an exercise price of $0 per share, with related share withholdings to cover taxes.
What ongoing equity awards does the NXDR CEO hold after this Form 4?
Following the transactions, Tolia held 2,818,137 and 541,504 remaining restricted stock units, each RSU representing a contingent right to receive one share of Class A Common Stock.
How do the reported RSU awards for NXDR vest over time?
The RSU awards vest in equal quarterly installments over four years on January 15, April 15, July 15, and October 15 of each year, with initial vesting dates of July 15, 2024 and April 15, 2025, subject to Tolia’s continued service.
Do the NXDR restricted stock units reported in this Form 4 expire?
The filing states that these restricted stock units do not expire; they either vest according to the schedule or are cancelled prior to the vesting date.