Nextdoor (NYSE: NXDR) CRO settles taxes through share withholding on RSU vesting
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. Chief Revenue Officer Kiernan Michael reported multiple equity transactions on January 15, 2026 involving restricted stock units (RSUs) and Class A common stock. RSUs covering 7,882, 16,915, and 65,000 shares were converted into an equal number of Class A shares at an exercise price of $0, reflecting scheduled vesting of prior equity awards. To cover tax obligations, the company withheld 3,865, 8,294, and 31,437 Class A shares at a price of $1.96 per share. Following these transactions, Michael continued to hold a substantial number of shares directly, and the footnotes clarify that each RSU represents a right to one Class A share and that the RSUs vest in specified quarterly installments, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 7,882 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) | 16,915 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) | 65,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,882 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 3,865 | $1.96 | $8K |
| Exercise | Class A Common Stock | 16,915 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 8,294 | $1.96 | $16K |
| Exercise | Class A Common Stock | 65,000 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 31,437 | $1.96 | $62K |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSU award vests on January 15, April 15, July 15 and October 15 of each calendar year, with 1/6 of the total number of shares vesting on July 15, 2024; thereafter, (a) for the next three vesting events following July 15, 2024, an additional 1/6 of the total number of shares will vest, and (b) for the remaining four vesting events, an additional 1/12 of the total number of shares will vest, subject to the reporting person's continued service to the Issuer on each vesting date. These RSUs do not expire; they either vest or are cancelled prior to the vesting date. The RSU award vests in six equal quarterly installments on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on January 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date. The RSU award vests in eight equal quarterly installments on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
FAQ
What insider activity did Nextdoor (NXDR) disclose for January 15, 2026?
How many Nextdoor (NXDR) RSUs vested for the CRO on January 15, 2026?
How were taxes handled on the CRO’s RSU vesting at Nextdoor (NXDR)?
What is the vesting schedule for the reported Nextdoor (NXDR) RSU awards?
Do the reported Nextdoor (NXDR) RSUs expire if they do not vest?
Is the CRO’s ownership in Nextdoor (NXDR) direct or through an entity?