[Form 4] Nextdoor Holdings, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Schwartz Sophia reported acquisition or exercise transactions in this Form 4 filing.
Nextdoor Holdings, Inc. granted its General Counsel and Secretary, Sophia Schwartz, 471,559 performance stock units (PSUs) and 471,559 restricted stock units (RSUs) at no purchase price. Each PSU represents a contingent right to Class A common stock, with actual shares earned between 0% and 200% of 471,559 units based on four escalating stock price performance targets during a performance period from January 15, 2027 to January 15, 2030. PSU tranches can vest annually each January 15 starting in 2027 if performance targets are met and service continues, and unearned PSUs are forfeited on January 15, 2030. Each RSU represents one share of Class A common stock and vests in sixteen equal quarterly installments over four years on April 15, July 15, October 15 and January 15, beginning April 15, 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units (PSU) | 471,559 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (RSU) | 471,559 | $0.00 | -- |
Footnotes (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%. 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. 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. 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, as described in footnote 5 below. The RSU award vests in sixteen ratable quarterly installments over four years on the 15th calendar day of April, July, October and January, with the first such vesting event on April 15, 2026, 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.