Nextdoor (NYSE: NXDR) director Niraj Shah converts 6,536 RSUs into Class A stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nextdoor Holdings director Niraj Shah exercised restricted stock units into common shares in a routine equity compensation event. On this date, he acquired 6,536 shares of Class A Common Stock through the conversion of 6,536 Restricted Stock Units (RSUs), with no cash exercise price reported. Following the transaction, he directly holds 250,747 Class A shares and 13,072 RSUs. Each RSU represents a right to receive one share of Class A stock, subject to continued service. The award is scheduled to vest in four equal installments on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, so long as Shah remains in service through each date.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,536 shares exercised/converted
Mixed
2 txns
Insider
Shah Niraj
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 6,536 | $0.00 | -- |
| Exercise | Class A Common Stock | 6,536 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSU) — 13,072 shares (Direct, null);
Class A Common Stock — 250,747 shares (Direct, null)
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 will vest as to 1/4 of the shares subject to the award on each of March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 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 exercise: 6,536 shares
Post-transaction common shares: 250,747 shares
Post-transaction RSU balance: 13,072 RSUs
+2 more
5 metrics
Shares acquired via RSU exercise
6,536 shares
Class A Common Stock acquired through RSU conversion on June 30, 2026
Post-transaction common shares
250,747 shares
Class A Common Stock directly held after transactions
Post-transaction RSU balance
13,072 RSUs
Restricted Stock Units remaining after 6,536-unit conversion
RSU conversion price
$0.0000 per unit
Reported transaction price per RSU share on June 30, 2026
RSU vesting dates
4 installments in 2026
Vesting on March 31, June 30, September 30 and December 31, 2026
Key Terms
Restricted Stock Units (RSU), Class A Common Stock, Exercise or conversion of derivative security, continued service
4 terms
Restricted Stock Units (RSU) financial
"The RSU Award will vest as to 1/4 of the shares subject to the award..."
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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
continued service financial
"subject only to continued service to the Issuer"
FAQ
What insider transaction did Niraj Shah report at Nextdoor Holdings (NXDR)?
Director Niraj Shah reported exercising 6,536 Restricted Stock Units (RSUs) into 6,536 shares of Class A Common Stock. This is a non-cash equity compensation event, reflecting conversion of previously granted RSUs into stock rather than an open-market purchase or sale.
What are Restricted Stock Units (RSUs) in the Nextdoor (NXDR) filing for Niraj Shah?
In this filing, each Restricted Stock Unit represents a contingent right to receive one share of Nextdoor’s Class A Common Stock. The RSUs convert into shares only if service-based vesting conditions are met; otherwise they may be cancelled before vesting occurs.
What is the vesting schedule for Niraj Shah’s RSU award at Nextdoor (NXDR)?
The RSU award vests in four equal installments: one-quarter on March 31, 2026, then on June 30, 2026, September 30, 2026 and December 31, 2026. Vesting at each date is conditioned on Shah’s continued service to Nextdoor through that specific date.
Do Niraj Shah’s RSUs at Nextdoor (NXDR) have an expiration date?
The footnotes state these RSUs do not expire in the traditional sense. They either vest on their scheduled dates, delivering Class A shares to Shah, or are cancelled before vesting if service conditions are not satisfied.