Nextdoor (NYSE: NXDR) director converts 106,707 RSUs into Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nextdoor Holdings director Robert Hohman reported a routine equity compensation event involving restricted stock units. On June 8, 2026, RSUs covering 106,707 shares of Class A Common Stock were exercised, resulting in the same number of common shares being issued at a stated price of $0.00 per share.
Following this conversion, Hohman directly holds 544,211 shares of Class A Common Stock. Each RSU represented a contingent right to receive one share, with the award vesting on the earlier of the company’s 2026 annual stockholder meeting or June 10, 2026, subject to continued service. The RSUs either vest or are cancelled rather than expiring.
Positive
- None.
Negative
- None.
Insider Trade Summary
106,707 shares exercised/converted
Mixed
2 txns
Insider
Hohman Robert
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 106,707 | $0.00 | -- |
| Exercise | Class A Common Stock | 106,707 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSU) — 0 shares (Direct, null);
Class A Common Stock — 544,211 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. The entire RSU award vested or vests on the earlier of the (a) date of the 2026 annual meeting of the Issuer's stockholders or (b) June 10, 2026, in each case subject to the reporting person's continued service to Issuer through the applicable vesting date. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs converted: 106,707 shares
Price per share: $0.00 per share
Shares owned after: 544,211 shares
+2 more
5 metrics
RSUs converted
106,707 shares
Restricted Stock Units converted to Class A Common Stock on June 8, 2026
Price per share
$0.00 per share
Stated transaction price for RSU conversion
Shares owned after
544,211 shares
Direct Class A Common Stock holdings following the transaction
RSU-to-share ratio
1 RSU : 1 share
Each RSU represents a contingent right to one Class A share
Vesting deadline
Earlier of 2026 meeting or June 10, 2026
RSU vesting condition subject to continued service
Key Terms
Restricted Stock Units (RSU), Class A Common Stock, contingent right, vesting date, +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
"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.
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
vesting date financial
"subject to the reporting person's continued service to Issuer through the applicable vesting date."
cancelled prior to the vesting date financial
"These RSUs do not expire; they either vest or are cancelled prior to the vesting date."
FAQ
What insider transaction did Nextdoor (NXDR) report for Robert Hohman?
Nextdoor reported that director Robert Hohman exercised restricted stock units for 106,707 shares of Class A Common Stock at a stated price of $0.00 per share. This represents RSUs converting into shares as part of his equity compensation, not an open-market stock purchase or sale.
What are the terms of the RSUs in the Nextdoor (NXDR) Form 4 filing?
Each restricted stock unit represents a contingent right to receive one share of Nextdoor Class A Common Stock. The RSU award vests on the earlier of the 2026 annual stockholder meeting or June 10, 2026, provided Hohman continues service to the company through that vesting date.
Do the RSUs in the Nextdoor (NXDR) filing expire if unvested?
The filing states that these restricted stock units do not expire. Instead, they either vest according to the award’s schedule or are cancelled before the vesting date, depending on whether the vesting conditions, including continued service, are satisfied.
Was there any open-market buying or selling in this Nextdoor (NXDR) Form 4?
No open-market buying or selling is disclosed. The Form 4 shows an exercise or conversion of restricted stock units into 106,707 shares of Class A Common Stock, with a reported price per share of $0.00, reflecting equity compensation rather than a market trade.