Nextdoor director receives 6,535 vested RSU shares
Nextdoor Holdings director David L. Sze acquired 6,535 shares of Class A Common Stock through the vesting of restricted stock units.
Rhea-AI Filing Summary
Nextdoor Holdings director David L. Sze acquired 6,535 shares of Class A Common Stock through the vesting of restricted stock units. The RSUs converted into shares at a price of $0.00 per share, reflecting equity compensation rather than an open-market purchase or sale.
After the conversion, Sze directly holds 75,162 shares of Class A Common Stock and 19,608 RSUs. Each RSU represents a right to receive one share, subject to continued service, and this award is scheduled to vest in four equal installments on March 31, June 30, September 30, and December 31, 2026, unless cancelled.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,535 shares exercised/converted
Exercise
2 txns
Insider
Sze David L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 6,535 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 6,535 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (RSU) — 19,608 contracts (Direct);
Class A Common Stock — 75,162 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs converted: 6,535 units
Conversion price: $0.00 per share
Shares held after transaction: 75,162 shares
+2 more
5 metrics
RSUs converted
6,535 units
RSUs converting into Class A Common Stock on March 31, 2026
Conversion price
$0.00 per share
RSU conversion price for underlying Class A Common Stock
Shares held after transaction
75,162 shares
Direct Class A Common Stock holdings following RSU conversion
RSUs held after transaction
19,608 units
Restricted Stock Units remaining after the reported conversion
RSU vesting dates
March 31, June 30, September 30, December 31, 2026
Four scheduled vesting dates for the RSU award
Key Terms
Restricted Stock Units (RSU), Class A Common Stock, Exercise or conversion of derivative security, continued service to the Issuer, +1 more
5 terms
Restricted Stock Units (RSU) financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Class A Common Stock financial
"one share of the Issuer's Class A Common Stock, subject only to continued service"
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 to the Issuer financial
"subject only to continued service to the Issuer"
vest or are cancelled financial
"These RSUs do not expire; they either vest or are cancelled"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NXDR director David L. Sze report?
David L. Sze reported acquiring 6,535 shares of Nextdoor Holdings Class A Common Stock via the vesting and conversion of restricted stock units. The RSUs converted at $0.00 per share, indicating a compensation-related equity award rather than an open-market stock purchase.
What does each RSU represent for Nextdoor Holdings (NXDR)?
Each restricted stock unit represents a contingent right to receive one share of Nextdoor’s Class A Common Stock. That right depends solely on the reporting person’s continued service to the company through the applicable vesting dates defined in the award’s schedule.
What is the vesting schedule of David L. Sze’s RSU award at NXDR?
The RSU award will vest in four equal installments on March 31, June 30, September 30 and December 31, 2026. Each vesting date requires David L. Sze to remain in continued service to Nextdoor Holdings through that specific date to receive the related shares.
Do Nextdoor Holdings (NXDR) RSUs reported here have an expiration date?
The RSUs reported for David L. Sze do not have a traditional expiration date. They either vest into Class A Common Stock on the scheduled 2026 vesting dates, provided service conditions are met, or are cancelled before vesting if those conditions are not satisfied.
Was the NXDR insider transaction an open-market buy or sale?
The transaction was an exercise or conversion of derivative securities, not an open-market trade. RSUs converted into 6,535 shares at $0.00 per share, reflecting equity compensation. No open-market buying or selling activity was reported in this Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
