Nextdoor (NYSE: NXDR) grants CFO 1.55M performance stock units

Rhea-AI Filing Summary

Ponnambalam Indrajit reported acquisition or exercise transactions in this Form 4 filing.

Nextdoor Holdings, Inc. reported that its CFO and Treasurer, Indrajit Ponnambalam, received a grant of 1,554,806 Performance Stock Units (PSUs). These PSUs are a contingent right to receive Class A common shares, with the reported amount reflecting a 100% achievement of specified performance targets.

The award is tied to four escalating stock price performance targets during a performance period from January 15, 2027 to January 15, 2030. Subject to meeting the applicable stock price target and his continued service, the PSUs may vest in four annual installments each January 15, starting in 2027. Depending on performance, the actual shares earned can range from 0% to 200% of the reported amount, and any unearned PSUs will be forfeited on January 15, 2030.

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

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

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^*

Ponnambalam Indrajit

(Last) (First) (Middle)

C/O NEXTDOOR HOLDINGS, INC.

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)
	CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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

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
Performance Stock Units (PSU)	(1)	03/05/2026		A		1,554,806		(2)	01/15/2030(3)	Class A Common Stock	1,554,806	$0	1,554,806	D

Explanation of Responses:

1. The performance stock units ("PSUs") represent a contingent right to receive shares of the Issuer's Class A Common Stock, subject to the achievement of applicable performance criteria and the reporting person's continued service to the Issuer through the later of: (i) the date such achievement is certified. or (ii) the scheduled vesting date. The number of shares that will vest, if any, is contingent on achievement of the relevant Performance Targets (defined below), with the potential for the reporting person to earn a number of shares between 0% and 200% of the numbers reflected in the row above. The grant details reported in the row above represent the number of shares that may vest and be earned based on achievement of all Performance Targets at 100%.

2. The PSU award is subject to a service-based vesting schedule and performance criteria relating to the achievement of four escalating stock price targets (the "Performance Targets") during a performance period beginning on January 15, 2027 and ending January 15, 2030 (the "Performance Period"). Subject to achievement of the relevant Performance Target and the Reporting Person's continued service to the Issuer through the applicable vesting date, the award shall vest annually in four installments on the 15th calendar day of January, with the first tranche capable of vesting on January 15, 2027.

3. To the extent the relevant performance criteria are not achieved (i.e., achieved at 0%), the PSUs comprising this award will expire and be forfeited on January 15, 2030.

Remarks:

	/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person	03/09/2026
	** 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).
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FAQ

What equity award did Nextdoor (NXDR) grant to its CFO?

Nextdoor granted its CFO 1,554,806 Performance Stock Units (PSUs). These units are a contingent right to receive Class A common shares, based on meeting stock price performance targets and continued service through specified vesting dates.

When do the granted PSUs for Nextdoor (NXDR) CFO start and end their performance period?

The PSUs have a performance period from January 15, 2027 to January 15, 2030. Stock price performance during this window determines how many shares vest, subject to the executive’s continued service with the company.

How many shares can the Nextdoor (NXDR) CFO ultimately earn from the PSU grant?

The CFO can ultimately earn between 0% and 200% of the reported 1,554,806 PSUs. The final number of shares depends on how well the company meets the defined stock price performance targets during the performance period.

What conditions must be met for the Nextdoor (NXDR) CFO’s PSUs to vest?

Vesting requires achievement of specific escalating stock price targets and the CFO’s continued service. If these conditions are met, the award vests annually in four installments each January 15, beginning in 2027, through the end of the performance period.

What happens to unearned PSUs from the Nextdoor (NXDR) CFO’s award?

Any PSUs for which the relevant performance criteria are not achieved will be forfeited. The filing states that unearned units expire and are forfeited on January 15, 2030 if performance is achieved at 0% for those tranches.

Is there a service-based vesting component in the Nextdoor (NXDR) CFO’s PSU grant?

Yes. The PSU award is subject to both service-based vesting and stock price performance criteria. The CFO must remain in service through each applicable vesting date, in addition to the company meeting the defined performance targets, for shares to vest.