Nextdoor director exercises 60,975 RSUs
Nextdoor Holdings, Inc. director Niraj Shah exercised restricted stock units into common shares.
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. director Niraj Shah exercised restricted stock units into common shares. On May 1, 2026, he acquired 60,975 shares of Class A Common Stock at an effective price of $0.00 per share through the conversion of RSUs, with no open-market buying or selling reported. Following this transaction, he directly holds 137,504 Class A shares. The RSUs each represent a right to receive one Class A share and vest in two equal installments tied to continued service, with vesting dates on May 1, 2025 and May 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
60,975 shares exercised/converted
Exercise
2 txns
Insider
Shah Niraj
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 60,975 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 60,975 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (RSU) — 0 contracts (Direct);
Class A Common Stock — 137,504 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 with respect to 1/2 of the shares subject to the RSU award on May 1, 2025 and with respect to the remaining 1/2 of the shares subject to the RSU award on May 1, 2026, in each case, subject to the reporting person's continued service to the Issuer through each such date.
- F3. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
Shares acquired via RSU conversion: 60,975 shares
Effective exercise price: $0.00 per share
Shares held after transaction: 137,504 shares
+2 more
5 metrics
Shares acquired via RSU conversion
60,975 shares
Class A Common Stock acquired on May 1, 2026
Effective exercise price
$0.00 per share
RSU conversion into Class A Common Stock
Shares held after transaction
137,504 shares
Direct Class A holdings following May 1, 2026 transaction
RSU award size referenced
2 tranches of equal shares
Vesting 1/2 on May 1, 2025 and 1/2 on May 1, 2026
RSU vesting dates
May 1, 2025 and May 1, 2026
Vesting schedule conditioned on continued service
Key Terms
Restricted Stock Units (RSU), Class A Common Stock, derivative security, continued service
4 terms
Restricted Stock Units (RSU) financial
"The RSU award vests with respect to 1/2 of the shares subject to the RSU award on May 1, 2025..."
Class A Common Stock financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock..."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
continued service financial
"subject only to continued service to the Issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Niraj Shah report for Nextdoor (NXDR)?
Director Niraj Shah reported exercising restricted stock units to acquire 60,975 shares of Nextdoor Class A Common Stock. The transaction was recorded at an effective price of $0.00 per share and involved no open-market buying or selling activity.
What type of securities did Niraj Shah convert in the Nextdoor (NXDR) Form 4?
He converted Restricted Stock Units (RSUs) into Class A Common Stock. Each RSU represents a contingent right to receive one share, subject to continued service with Nextdoor, and does not involve cash payment when it vests and settles into shares.
How do Niraj Shah’s RSUs in Nextdoor (NXDR) vest over time?
The RSU award vests in two equal tranches: one-half of the units on May 1, 2025, and the remaining half on May 1, 2026. Each vesting date is conditioned on Niraj Shah’s continued service to Nextdoor through that date.
Do Niraj Shah’s RSUs in Nextdoor (NXDR) have an expiration date?
The RSUs do not expire in the way options do. According to the disclosure, they either vest on their scheduled dates, subject to continued service, or are cancelled before vesting, meaning they cease to exist without becoming shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
