NXDR insider reports RSU vesting and 40,000-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nextdoor Holdings (NXDR) reported an insider transaction on a Form 4 by its General Counsel and Secretary. On 10/15/2025, the officer had RSUs vest and executed a sale under a Rule 10b5-1 plan.
Two RSU tranches converted to common stock: 19,707 shares and 91,666 shares (both at $0 exercise). Shares were withheld to cover taxes: 8,628 shares at $2.09 and 40,132 shares at $2.09. The insider also sold 40,000 shares at $2.0749. Following these transactions, the insider directly beneficially owned 344,193 shares.
The sale was made pursuant to a Rule 10b5-1 trading plan adopted on May 20, 2025. RSUs vest quarterly, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,000 shares ($82,996)
Net Sell
7 txns
Insider
Schwartz Sophia
Role
General Counsel and Secretary
Sold
40,000 shs ($83K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 19,707 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) | 91,666 | $0.00 | -- |
| Exercise | Class A Common Stock | 19,707 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 8,628 | $2.09 | $18K |
| Exercise | Class A Common Stock | 91,666 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 40,132 | $2.09 | $84K |
| Sale | Class A Common Stock | 40,000 | $2.0749 | $83K |
Holdings After Transaction:
Restricted Stock Units (RSU) — 39,414 shares (Direct);
Class A Common Stock — 341,287 shares (Direct)
Footnotes (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. 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 eight equal quarterly installments 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 RSUs do not expire; they either vest or are cancelled prior to the vesting date. The RSU award vests in eight equal quarterly installments 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 did Nextdoor (NXDR) disclose on this Form 4?
An officer reported RSU vesting, tax withholding via share surrender, and a sale of 40,000 shares at $2.0749 on 10/15/2025.
How many RSUs vested for the NXDR officer?
Two tranches vested into common stock: 19,707 shares and 91,666 shares.
Was the sale executed under a 10b5-1 plan?
Yes. The 40,000-share sale was made under a Rule 10b5-1 plan adopted on May 20, 2025.
What are the vesting terms for the reported RSUs?
The RSUs vest in eight equal quarterly installments on Jan 15, Apr 15, Jul 15, and Oct 15, subject to continued service.