Nextdoor CAO exercises options, sells 154,893 shares
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. (NXDR) reported that Chief Accounting Officer Antoinette How exercised fully vested stock options for 154,893 shares of Class B Common Stock on September 15, 2026 at an exercise price of $1.49 per share and converted them into an equal number of Class A shares. All 154,893 Class A shares were then sold at a weighted average price of $2.4271 per share under a Rule 10b5-1 trading plan adopted June 3, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
How Antoinette
Role
Chief Accounting Officer
Sold
154,893 shs ($376K)
Approx. gross sale proceeds
$376K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F3 | 154,893 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F4 | 154,893 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F4 | 154,893 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 154,893 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2 | 154,893 | $2.4271 | $376K |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Class B Common Stock — 0 contracts (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (4)
- 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 June 3, 2026.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.42 to $2.44 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The stock option award is fully vested and exercisable.
- F4. Each share of Class B Common Stock is convertible into one share of Class A Common Stock of the Issuer at the election of the holder any time; provided; however, that each share of Class B Common Stock shall automatically be converted into Class A Common Stock on a one-for-one basis on the earlier of the: (i) tenth anniversary of the completion of the Business Combination or (ii) date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value (subject to certain exceptions).
Key Figures
Shares sold: 154,893 shares
Weighted average sale price: $2.4271 per share
Option exercise price: $1.49 per share
+4 more
7 metrics
Shares sold
154,893 shares
Class A Common Stock sold on September 15, 2026
Weighted average sale price
$2.4271 per share
Sales of Class A Common Stock on September 15, 2026, with trades from $2.42 to $2.44
Option exercise price
$1.49 per share
Stock option for 154,893 shares of Class B Common Stock, fully vested and exercisable
Options exercised
154,893 derivative shares
Stock Option (Right to Buy) exercised into Class B Common Stock on September 15, 2026
Net shares sold
154,893 shares
Transaction summary net buy/sell shares for this Form 4
Rule 10b5-1 plan adoption date
June 3, 2026
Trading plan governing the reported sale of 154,893 Class A shares
Option expiration date
February 13, 2029
Expiration date of the exercised stock option on Nextdoor Class B shares
Key Terms
Rule 10b5-1, weighted average price, Class B Common Stock, Class A Common Stock, +1 more
5 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.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"convertible into one share of Class A Common Stock of the Issuer"
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.
Business Combination financial
"tenth anniversary of the completion of the Business Combination"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NXDR’s Chief Accounting Officer report on this Form 4?
The Chief Accounting Officer, Antoinette How, reported exercising options for 154,893 Class B shares, converting them into 154,893 Class A shares, and selling all of those Class A shares on September 15, 2026.
What options did the NXDR insider exercise in this Form 4?
The insider exercised a fully vested stock option covering 154,893 shares of Class B Common Stock of Nextdoor at an exercise price of $1.49 per share. After exercise, that option position is reported as 0 shares remaining.
AI-generated analysis. How Rhea-AI works. Not financial advice.
