Nextdoor (NXDR) director Hohman converts 60,975 RSUs into Class A shares
Rhea-AI Filing Summary
Nextdoor Holdings director Robert Hohman acquired shares through equity compensation rather than open-market buying. On May 1, 2026, 60,975 Restricted Stock Units converted into an equal number of Class A common shares at a price of $0.00 per share, reflecting RSUs that vested based on his continued service.
Following this RSU conversion, Hohman directly holds 437,504 shares of Class A Common Stock. The RSUs associated with this transaction were fully converted, with no remaining balance from this award, and may otherwise vest or be cancelled under their service-based terms.
Positive
- None.
Negative
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Insights
Routine RSU vesting increases the director’s share holdings without any open-market buying or selling.
The filing shows Robert Hohman acquiring 60,975 shares of Nextdoor Holdings, Inc. Class A Common Stock via the conversion of Restricted Stock Units on May 1, 2026. The transaction code M indicates an exercise or conversion of a derivative, not a market purchase.
These RSUs vest based on continued service and carry a conversion price of $0.00, which is standard for RSU awards. After the conversion, Hohman holds 437,504 common shares directly, and there are no remaining derivatives from this specific RSU award in the filing. The absence of any sale code suggests this is routine compensation rather than a directional bet on the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 60,975 | $0.00 | -- |
| Exercise | Class A Common Stock | 60,975 | $0.00 | -- |
Footnotes (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.