Nextdoor (NYSE: NXDR) director converts 60,975 RSUs into Class A 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.

Insider Trade Summary

60,975 shares exercised/converted

Mixed 2 txns

Insider Shah Niraj

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units (RSU)	60,975	$0.00	--
Exercise	Class A Common Stock	60,975	$0.00	--

Holdings After Transaction: Restricted Stock Units (RSU) — 0 shares (Direct, null); Class A Common Stock — 137,504 shares (Direct, null)

Footnotes (1)

1. 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. 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. 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"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shah Niraj

(Last) (First) (Middle)

420 TAYLOR STREET

(Street)

SAN FRANCISCO CALIFORNIA 94102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Nextdoor Holdings, Inc. [ NXDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/01/2026		M		60,975	A	$0	137,504	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (RSU)	(1)	05/01/2026		M			60,975	(2)	(3)	Class A Common Stock	60,975	$0	0	D

Explanation of Responses:

1. 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.

2. 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.

3. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.

Remarks:

	/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person	05/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.

How many Nextdoor (NXDR) shares does Niraj Shah hold after this Form 4?

After converting restricted stock units, Niraj Shah directly holds 137,504 shares of Nextdoor Class A Common Stock. This position reflects his equity stake following the May 1, 2026 derivative exercise reported in the Form 4 filing.

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.

At what price were the RSUs converted into Nextdoor (NXDR) shares?

The RSUs were converted into Class A Common Stock at an effective price of $0.00 per share. This reflects standard equity compensation mechanics, where vested RSUs settle into shares without the insider paying a cash exercise price.

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.