Nextdoor (NYSE: NXDR) director exercises 106,707 RSUs, awarded 85,365 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. director Christopher Varelas reported equity compensation activity tied to entities affiliated with Riverwood Capital GP II Ltd. He exercised 106,707 restricted stock units into Class A Common Stock, bringing reported direct Class A holdings to 175,334 shares, which he holds for Riverwood’s benefit.
On the same date, he was granted 85,365 new RSUs, each representing one share of Class A Common Stock. This RSU award will vest on the earlier of the 2027 annual stockholders’ meeting or June 9, 2027, if his service continues. A prior RSU award vests on the earlier of the 2026 annual meeting or June 10, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
106,707 shares exercised/converted
Mixed
3 txns
Insider
Varelas Christopher
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 106,707 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (RSU) | 85,365 | $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 — 175,334 shares (Direct, null)
Footnotes (1)
- These securities are held by Mr. Varelas for the benefit of one or more entities affiliated with Riverwood Capital GP II Ltd. (collectively, "Riverwood"). Mr. Varelas is obligated to transfer such securities (or, in the case of an equity award, the shares underlying such award) or any proceeds from the sale thereof as directed by Riverwood. Mr. Varelas disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities by Mr. Varelas for purposes of Section 16 or any other purposes. 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. The RSU award will vest on the earlier of (a) the date of the 2027 annual meeting of the Issuer's stockholders and (b) June 9, 2027, in each case, subject to the reporting person's continued service to the Issuer through the applicable vesting date.
Key Figures
RSUs exercised: 106,707 shares
Class A shares after exercise: 175,334 shares
New RSU grant: 85,365 RSUs
+2 more
5 metrics
RSUs exercised
106,707 shares
Restricted stock units converted into Class A Common Stock on June 9, 2026
Class A shares after exercise
175,334 shares
Total Class A Common Stock reported as directly held following the transactions
New RSU grant
85,365 RSUs
RSU award granted on June 9, 2026, each for one Class A share
2026 RSU vesting trigger
2026 meeting / June 10, 2026
Earlier of these dates, subject to continued service for prior RSU award
2027 RSU vesting trigger
2027 meeting / June 9, 2027
Earlier of these dates, subject to continued service for new RSU award
Key Terms
Restricted Stock Units (RSU), pecuniary interest, beneficial ownership, Section 16, +1 more
5 terms
Restricted Stock Units (RSU) financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share..."
pecuniary interest financial
"Mr. Varelas disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein..."
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership of the reported securities by Mr. Varelas for purposes of Section 16..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of the reported securities by Mr. Varelas for purposes of Section 16 or any other purposes."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
annual meeting of the Issuer's stockholders financial
"vested or vests on the earlier of the (a) date of the 2026 annual meeting of the Issuer's stockholders..."
FAQ
What insider transactions did Nextdoor (NXDR) report for Christopher Varelas?
Nextdoor reported that director Christopher Varelas exercised 106,707 RSUs into Class A Common Stock and received a new grant of 85,365 RSUs. These securities are held for entities affiliated with Riverwood Capital, with Varelas largely disclaiming beneficial ownership.
What are the terms of the new RSU grant reported for Nextdoor (NXDR)?
The new award of 85,365 RSUs will vest on the earlier of the 2027 annual meeting of Nextdoor stockholders or June 9, 2027. Vesting requires Christopher Varelas to continue serving the company through that date, and each RSU converts into one Class A share.
When do the earlier RSU awards for Christopher Varelas at Nextdoor (NXDR) vest?
An earlier RSU award vests on the earlier of Nextdoor’s 2026 annual stockholders’ meeting or June 10, 2026. Vesting is conditioned on Christopher Varelas continuing to serve the company through the applicable vesting date; otherwise, the unvested RSUs may be cancelled.
Do the RSUs reported for Nextdoor (NXDR) have an expiration date?
The filing explains that the RSUs do not expire in the traditional sense. They either vest on the specified vesting dates, subject to continued service, or are cancelled before vesting. Each vested RSU entitles the holder to receive one share of Class A Common Stock.