Nextdoor CRO exercises RSUs, withholds shares for tax
Nextdoor Holdings, Inc.’s Chief Revenue Officer Michael Kiernan reported multiple equity compensation transactions involving Class A Common Stock on April 15, 2026.
Rhea-AI Filing Summary
Nextdoor Holdings, Inc.’s Chief Revenue Officer Michael Kiernan reported multiple equity compensation transactions involving Class A Common Stock on April 15, 2026. He exercised restricted stock units and similar derivatives to acquire a total of 117,427 shares and delivered 51,081 shares at $1.52 per share to cover tax obligations.
After these compensation-related moves, he directly held between approximately 503,000 and 549,000 shares at different points in the sequence, with 512,741 Class A shares reported as directly owned following the final transaction. The dispositions were tax-withholding entries, not open‑market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
117,427 shares exercised/converted
Exercise
12 txns
Insider
Kiernan Michael
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 7,882 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (RSU) | 16,915 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (RSU) | 65,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (RSU) | 27,630 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,882 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 3,449 | $1.52 | $5K |
| Exercise | Class A Common Stock | 16,915 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 7,402 | $1.52 | $11K |
| Exercise | Class A Common Stock | 65,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 28,266 | $1.52 | $43K |
| Exercise | Class A Common Stock | 27,630 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 11,964 | $1.52 | $18K |
Holdings After Transaction:
Restricted Stock Units (RSU) — 609,456 contracts (Direct);
Class A Common Stock — 565,141 shares (Direct)
Footnotes (7)
- F1. Includes 2,500 shares of Class A Common Stock acquired pursuant to the Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan on February 14, 2026 in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d).
- F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. The RSU award vests on January 15, April 15, July 15 and October 15 of each calendar year, with 1/6 of the total number of shares vesting on July 15, 2024; thereafter, (a) for the next three vesting events following July 15, 2024, an additional 1/6 of the total number of shares will vest, and (b) for the remaining four vesting events, an additional 1/12 of the total number of shares will vest, subject to the reporting person's continued service to the Issuer on each vesting date.
- F4. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
- F5. The RSU award vests in six equal quarterly installments on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on January 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
- F6. 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.
- F7. 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 date on April 15, 2026, subject to the reporting person's continued service to the Issuer on each vesting date.
Key Figures
Shares acquired via exercises: 117,427 shares
Shares delivered for taxes: 51,081 shares
Tax withholding price: $1.52 per share
+5 more
8 metrics
Shares acquired via exercises
117,427 shares
Class A Common Stock acquired through derivative exercises on April 15, 2026
Shares delivered for taxes
51,081 shares
Class A Common Stock delivered in tax-withholding dispositions on April 15, 2026
Tax withholding price
$1.52 per share
Value assigned to Class A shares used to cover tax obligations
Direct holdings after final transaction
512,741 shares
Class A Common Stock directly owned after last April 15, 2026 entry
RSU conversion 1
7,882 RSUs
RSUs converted into an equal number of Class A shares
RSU conversion 2
16,915 RSUs
RSUs converted into an equal number of Class A shares
RSU conversion 3
65,000 RSUs
RSUs converted into an equal number of Class A shares
RSU conversion 4
27,630 RSUs
RSUs converted into an equal number of Class A shares
Key Terms
Restricted Stock Units (RSU), tax-withholding disposition, Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan, Rules 16b-3(c) and 16b-3(d), +1 more
5 terms
Restricted Stock Units (RSU) financial
"The RSU award vests on January 15, April 15, July 15 and October 15..."
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan financial
"Includes 2,500 shares of Class A Common Stock acquired pursuant to the Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan..."
Rules 16b-3(c) and 16b-3(d) regulatory
"in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d)"
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NXDR Chief Revenue Officer Michael Kiernan report?
Michael Kiernan reported exercising equity awards to acquire 117,427 shares of Nextdoor Class A Common Stock and delivering 51,081 shares to satisfy tax obligations. All transactions occurred on April 15, 2026 and were recorded as compensation-related, not open-market purchases or sales.
Did the NXDR insider Form 4 show any open-market buying or selling?
No, the Form 4 shows no open-market buying or selling by Michael Kiernan. It reports derivative exercises to acquire shares and tax-withholding dispositions coded “F,” where 51,081 shares at $1.52 per share were delivered to cover exercise price or tax liabilities.
What is the role of RSUs in Michael Kiernan’s NXDR Form 4 filing?
Restricted Stock Units play a central role, as several “M” code entries show RSUs converting into Class A Common Stock on a one-for-one basis. Footnotes explain vesting occurs quarterly on specified dates, subject to his continued service with Nextdoor Holdings, Inc.
AI-generated analysis. How Rhea-AI works. Not financial advice.
