Nextdoor CFO exercises 103,248 RSUs
Nextdoor Holdings, Inc. CFO and Treasurer Indrajit Ponnambalam exercised restricted stock units and had shares withheld for taxes.
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. CFO and Treasurer Indrajit Ponnambalam exercised restricted stock units and had shares withheld for taxes. On April 15, 2026, 103,248 RSUs were converted into an equal number of shares of Class A Common Stock at a conversion price of $0.00 per share, bringing his direct Class A share holdings to 1,548,734 shares.
On the same date, 34,233 shares were disposed of at $1.52 per share to cover tax obligations, a non-market tax-withholding transaction, leaving 69,015 RSUs directly held. Each RSU represents a contingent right to receive one share, vesting in equal quarterly installments over four years beginning April 15, 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
103,248 shares exercised/converted
Exercise
3 txns
Insider
Ponnambalam Indrajit
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 103,248 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (RSU) | 103,248 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Restricted Stock Units (RSU) | 34,233 | $1.52 | $52K |
Holdings After Transaction:
Restricted Stock Units (RSU) — 1,548,734 contracts (Direct);
Restricted Stock Units (RSU) — 69,015 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 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 event on April 15, 2026, subject to the reporting person's continued service to the Issuer on each vesting date.
- F3. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs exercised: 103,248 units
Shares withheld for taxes: 34,233 shares at $1.52
Common shares held after transaction: 1,548,734 shares
+3 more
6 metrics
RSUs exercised
103,248 units
Converted into Class A Common Stock on April 15, 2026
Shares withheld for taxes
34,233 shares at $1.52
Tax-withholding disposition on April 15, 2026
Common shares held after transaction
1,548,734 shares
Direct Class A Common Stock holdings following exercise
RSUs remaining after tax withholding
69,015 units
Direct RSU holdings following April 15, 2026 disposition
RSU vesting start date
April 15, 2026
First quarterly vesting of four-year RSU schedule
RSU vesting frequency
Quarterly
January 15, April 15, July 15, October 15 each year
Key Terms
Restricted Stock Units (RSU), derivative exercise/conversion, tax-withholding disposition, vests in equal quarterly installments, +1 more
5 terms
Restricted Stock Units (RSU) financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
vests in equal quarterly installments financial
"The RSU award vests in equal quarterly installments over four years"
contingent right financial
"represents a contingent right to receive one share of the Issuer's Class A Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NXDR CFO Indrajit Ponnambalam report?
CFO Indrajit Ponnambalam exercised 103,248 restricted stock units, receiving an equal number of Class A Common shares. He also had 34,233 shares withheld to satisfy tax obligations, a routine non-market disposition tied to the vesting and settlement of equity compensation awards.
How do the NXDR CFO’s restricted stock units vest over time?
The RSU award vests in equal quarterly installments over four years on January 15, April 15, July 15 and October 15. The first vesting date is April 15, 2026, and each vesting is conditioned on the CFO’s continued service with Nextdoor Holdings, Inc.
What does the tax-withholding disposition mean in this NXDR Form 4?
The disposition of 34,233 shares at $1.52 per share reflects shares withheld to cover tax liabilities from RSU settlement. It is not an open-market sale, but an administrative transaction where shares are delivered to satisfy required taxes on equity compensation.
Do the NXDR CFO’s restricted stock units ever expire or lapse automatically?
The filing states these RSUs do not have a traditional expiration date. They either vest according to the quarterly four-year schedule or are cancelled before a vesting date, typically if service conditions or other award terms are no longer satisfied by the reporting person.
What does each restricted stock unit in the NXDR filing represent?
Each restricted stock unit represents a contingent right to receive one share of Nextdoor’s Class A Common Stock. Delivery of the share occurs only if the service-based vesting conditions are met at each scheduled vesting date over the four-year vesting period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
