Nextdoor (NXDR) CRO sells 111,559 shares under 10b5-1 plan
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. (NXDR) reported that Chief Revenue Officer Michael Kiernan sold 111,559 shares of Class A Common Stock on August 21, 2026 at $2.3872 per share in an open-market or private transaction. The sale was made pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2026. Following this transaction, he directly holds 508,602 shares of Class A Common Stock, including 2,500 shares acquired on August 14, 2026 under the Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan in a transaction exempt under Rules 16b-3(c) and 16b-3(d).
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 111,559 shares
Net Sell
1 txn
Insider
Kiernan Michael
Role
Chief Revenue Officer
Sold
111,559 shs ($266K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 111,559 | $2.3872 | $266K |
Holdings After Transaction:
Class A Common Stock — 508,602 shares (Direct)
Footnotes (2)
- F1. 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 22, 2026.
- F2. Includes 2,500 shares of Class A Common Stock acquired pursuant to the Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan on August 14, 2026 in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d).
Key Figures
Shares sold: 111,559 shares of Class A Common Stock
Sale price per share: $2.3872 per share
Shares held after transaction: 508,602 shares of Class A Common Stock
+2 more
5 metrics
Shares sold
111,559 shares of Class A Common Stock
Sale on August 21, 2026 by Chief Revenue Officer Michael Kiernan
Sale price per share
$2.3872 per share
Price for the 111,559 shares sold on August 21, 2026
Shares held after transaction
508,602 shares of Class A Common Stock
Direct holdings reported following the August 21, 2026 sale
ESPP shares included in holdings
2,500 shares of Class A Common Stock
Acquired August 14, 2026 under the 2021 Employee Stock Purchase Plan
Net shares sold in filing
111,559 shares
Net-sell direction from transaction summary for this Form 4
Key Terms
Rule 10b5-1, Employee Stock Purchase Plan, Rules 16b-3(c) and 16b-3(d)
3 terms
Rule 10b5-1 regulatory
"Sale of shares made pursuant to and in accordance with the requirements of Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Employee Stock Purchase Plan financial
"acquired pursuant to the Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rules 16b-3(c) and 16b-3(d) regulatory
"in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d)"
FAQ
What insider transaction did NXDR report for Michael Kiernan?
Nextdoor Holdings, Inc. reported that Chief Revenue Officer Michael Kiernan sold 111,559 shares of Class A Common Stock on August 21, 2026 at $2.3872 per share in an open-market or private transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.