Nextdoor (NXDR) product chief exercises RSUs, 1.67M shares now held
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. President of Products Craig Lisowski reported routine equity compensation activity involving restricted stock units (RSUs) that converted into Class A Common Stock, with a portion of the shares withheld to cover tax obligations.
On April 15, 2026, RSU awards representing 292,691 shares of Class A Common Stock vested and were exercised at a conversion price of $0.00 per share. To satisfy tax liabilities, a total of 128,287 shares of Class A Common Stock were disposed of at $1.52 per share through tax-withholding transactions, which are not open-market sales. Following these transactions, Lisowski directly holds 1,670,061 shares of Class A Common Stock. Footnotes explain that each RSU converts into one share and that the RSU awards vest in equal quarterly installments over two, three, or four years, subject to continued service.
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Insights
Routine RSU vesting with tax withholding; no open-market trades disclosed.
Crai g Lisowski, President of Products at Nextdoor Holdings, Inc., reported RSU vesting that converted 292,691 shares into Class A Common Stock. These transactions use code M, indicating derivative exercises rather than open-market purchases.
The filing shows 128,287 shares treated as F-code tax-withholding dispositions at $1.52 per share, which are used to pay taxes and do not represent discretionary market sales. After these events, Lisowski directly holds 1,670,061 shares of Class A Common Stock.
Footnotes indicate the RSU awards vest quarterly over two, three, and four-year schedules, contingent on continued service. Overall, the pattern reflects standard executive equity compensation mechanics and appears neutral in signaling terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 178,571 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) | 72,675 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) | 41,445 | $0.00 | -- |
| Exercise | Class A Common Stock | 178,571 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 78,179 | $1.52 | $119K |
| Exercise | Class A Common Stock | 72,675 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 31,818 | $1.52 | $48K |
| Exercise | Class A Common Stock | 41,445 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 18,290 | $1.52 | $28K |
Footnotes (1)
- Includes 2,500 shares of Class A Common Stock acquired pursuant to the Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan on February 14, 2026 in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d). 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 in equal quarterly installments over two years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting date on April 15, 2025, 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 equal quarterly installments over three years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting date on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date. The RSU award vests in equal quarterly installments over four years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting date on April 15, 2026, subject to the reporting person's continued service to the Issuer on each vesting date.