Nextdoor (NYSE: NXDR) grants CRO 442,086 PSUs and 442,086 RSUs

Rhea-AI Filing Summary

Kiernan Michael reported acquisition or exercise transactions in this Form 4 filing.

Nextdoor Holdings, Inc. granted Chief Revenue Officer Michael Kiernan two large equity awards. He received 442,086 Performance Stock Units (PSUs) and 442,086 Restricted Stock Units (RSUs), each representing contingent rights to Class A common stock at a grant price of $0.00 per unit.

The PSUs can ultimately pay out between 0% and 200% of the 442,086-unit target based on four escalating stock price performance targets during a period from January 15, 2027 to January 15, 2030, with potential annual vesting each January 15. Any PSUs tied to unmet performance criteria will be forfeited on January 15, 2030.

The RSU award vests in sixteen equal quarterly installments over four years on the 15th day of April, July, October and January, starting on April 15, 2026, contingent on Kiernan’s continued service. Unvested RSUs either vest on schedule or are cancelled before vesting.

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

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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^*

Kiernan Michael

(Last) (First) (Middle)

C/O NEXTDOOR HOLDINGS, INC.

420 TAYLOR STREET

(Street)

SAN FRANCISCO, CA CA 94102

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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

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

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

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

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
Performance Stock Units (PSU)	(1)	03/05/2026		A		442,086		(2)	01/15/2023(3)	Class A Common Stock	442,086	$0	442,086	D
Restricted Stock Units (RSU)	(4)	03/05/2026		A		442,086		(5)	(6)	Class A Common Stock	442,086	$0	442,086	D

Explanation of Responses:

1. The performance stock units ("PSUs") represent a contingent right to receive shares of the Issuer's Class A Common Stock, subject to the achievement of applicable performance criteria and the reporting person's continued service to the Issuer through the later of: (i) the date such achievement is certified. or (ii) the scheduled vesting date. The number of shares that will vest, if any, is contingent on achievement of the relevant Performance Targets (defined below), with the potential for the reporting person to earn a number of shares between 0% and 200% of the numbers reflected in the row above. The grant details reported in the row above represent the number of shares that may vest and be earned based on achievement of all Performance Targets at 100%.

2. The PSU award is subject to a service-based vesting schedule and performance criteria relating to the achievement of four escalating stock price targets (the "Performance Targets") during a performance period beginning on January 15, 2027 and ending January 15, 2030 (the "Performance Period"). Subject to achievement of the relevant Performance Target and the Reporting Person's continued service to the Issuer through the applicable vesting date, the award shall vest annually in four installments on the 15th calendar day of January, with the first tranche capable of vesting on January 15, 2027.

3. To the extent the relevant performance criteria are not achieved (i.e., achieved at 0%), the PSUs comprising this award will expire and be forfeited on January 15, 2030.

4. 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, as described in footnote 5 below.

5. The RSU award vests in sixteen ratable quarterly installments over four years on the 15th calendar day of April, July, October and January, 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.

6. These restricted stock units 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	03/09/2026
	** 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).
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Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What equity awards did Nextdoor (NXDR) grant to Michael Kiernan?

Nextdoor granted Chief Revenue Officer Michael Kiernan 442,086 Performance Stock Units (PSUs) and 442,086 Restricted Stock Units (RSUs). Each unit is a contingent right to receive one share of Class A common stock, subject to vesting and, for PSUs, performance conditions.

How do Michael Kiernan’s PSU awards at Nextdoor (NXDR) vest?

The PSU award can vest between 0% and 200% of 442,086 units, depending on achieving four escalating stock price performance targets. Vesting can occur annually each January 15 from January 15, 2027 through January 15, 2030, subject to continued service and certified performance.

What is the performance period for Nextdoor (NXDR) PSUs granted to the CRO?

The performance period for Michael Kiernan’s PSUs runs from January 15, 2027 to January 15, 2030. During this time, four escalating stock price targets must be achieved for the PSUs to vest; unearned PSUs are forfeited on January 15, 2030.

How do the RSUs granted to Michael Kiernan by Nextdoor (NXDR) vest?

The RSU award vests in sixteen equal quarterly installments over four years. Vesting occurs on the 15th day of April, July, October, and January, with the first vesting date on April 15, 2026, conditioned solely on Kiernan’s continued service to Nextdoor.

Do Michael Kiernan’s PSUs and RSUs at Nextdoor (NXDR) cost anything to acquire?

The Form 4 shows a price per share of $0.00 for both the 442,086 PSUs and the 442,086 RSUs. These awards are compensation grants, not open-market purchases, and only convert into stock if vesting and, for PSUs, performance conditions are satisfied.

What happens if performance targets for Nextdoor (NXDR) PSUs are not met?

If the relevant performance criteria for the PSU award are achieved at 0%, the PSUs from this grant will not vest. Any such unearned PSUs will expire and be forfeited on January 15, 2030, at the end of the defined performance period.