Nextdoor director vests 6,535 RSUs into shares
Nextdoor Holdings director Jason Pressman exercised restricted stock units into common shares as part of his equity compensation.
Rhea-AI Filing Summary
Nextdoor Holdings director Jason Pressman exercised restricted stock units into common shares as part of his equity compensation. On March 31, 2026, 6,535 RSUs converted into 6,535 shares of Class A Common Stock at a stated price of $0.00 per share, reflecting vesting rather than an open-market purchase. Following the transactions, he held 75,162 shares of Class A Common Stock directly and 19,608 RSUs, which remain subject to future vesting and his continued service, with the award scheduled to vest in four equal installments on March 31, June 30, September 30, and December 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,535 shares exercised/converted
Exercise
2 txns
Insider
Pressman Jason
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 — 75,162 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
Shares held after: 75,162 shares
+2 more
5 metrics
RSUs exercised
6,535 units
Restricted Stock Units converted on March 31, 2026
Shares received
6,535 shares
Class A Common Stock delivered from RSU conversion
Shares held after
75,162 shares
Class A Common Stock directly owned after transaction
RSUs remaining
19,608 units
Restricted Stock Units outstanding after March 31, 2026 vesting
RSU conversion price
$0.00 per share
Stated price per share for RSU conversion
Key Terms
Restricted Stock Units (RSU), Class A Common Stock, continued service, 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.
continued service financial
"subject only to continued service to the Issuer"
vest financial
"will vest as to 1/4 of the shares subject to the award on each of March 31, 2026, June 30, 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 Jason Pressman report in this Form 4?
Jason Pressman reported the vesting and conversion of 6,535 restricted stock units into 6,535 shares of Nextdoor Class A Common Stock. This reflects equity compensation vesting, not an open-market stock purchase or sale, and increases his directly held share count.
Was this Nextdoor (NXDR) Form 4 a stock purchase or sale by Jason Pressman?
The Form 4 shows an exercise of restricted stock units, not an open-market buy or sell. 6,535 RSUs converted into 6,535 Class A shares at a stated price of $0.00 per share as part of his equity compensation vesting schedule.
What is the vesting schedule for Jason Pressman’s Nextdoor (NXDR) RSU award?
The RSU award is scheduled to vest in four equal installments on March 31, June 30, September 30, and December 31, 2026. Each vesting tranche is subject to Jason Pressman’s continued service with Nextdoor through the applicable vesting date.
Do Jason Pressman’s Nextdoor (NXDR) RSUs expire if they do not vest?
The RSUs do not have an expiration date in the typical option sense. According to the disclosure, they either vest into Class A Common Stock or are cancelled before their scheduled vesting dates if vesting conditions, such as continued service, are not satisfied.
How many RSUs did Jason Pressman have after the March 31, 2026 vesting at Nextdoor (NXDR)?
Following the March 31, 2026 vesting and conversion of 6,535 RSUs, Jason Pressman had 19,608 restricted stock units remaining. These RSUs each represent a contingent right to receive one share of Nextdoor’s Class A Common Stock, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
