Nextdoor (NYSE: NXDR) legal chief sells 2,500 shares
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. (NXDR) reported that Sophia Schwartz, its Chief Legal Officer and Secretary, sold 2,500 shares of Class A Common Stock on August 17, 2026 in an open-market or private transaction at $2.5142 per share.
The sale was made pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on September 4, 2025. After this transaction, Schwartz directly held 336,897 shares of Class A Common Stock, which include 2,500 shares acquired on August 14, 2026 through the Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan in a transaction exempt under Rules 16b-3(c) and 16b-3(d).
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,500 shares
Net Sell
1 txn
Insider
Schwartz Sophia
Role
Chief Legal Officer, Secretary
Sold
2,500 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 2,500 | $2.5142 | $6K |
Holdings After Transaction:
Class A Common Stock — 336,897 shares (Direct)
Footnotes (2)
- F1. Sale of shares made pursuant to and in accordance with the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, under a plan adopted by the Reporting Person on September 4, 2025.
- F2. Includes 2,500 shares of Class A Common Stock acquired pursuant to the Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan on August 14, 2026 in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d).
Key Figures
Shares sold: 2,500 shares
Sale price per share: $2.5142 per share
Shares held after transaction: 336,897 shares
+3 more
6 metrics
Shares sold
2,500 shares
Class A Common Stock sale on August 17, 2026
Sale price per share
$2.5142 per share
Price for 2,500 shares sold on August 17, 2026
Shares held after transaction
336,897 shares
Direct Class A Common Stock ownership following the sale
Shares acquired via ESPP
2,500 shares
Acquired on August 14, 2026 under 2021 Employee Stock Purchase Plan
10b5-1 plan adoption date
September 4, 2025
Adoption date of trading plan used for the August 17, 2026 sale
Net shares sold in filing
2,500 shares
transactionSummary net-sell shares
Key Terms
Rule 10b5-1, Employee Stock Purchase Plan, Rules 16b-3(c) and 16b-3(d)
3 terms
Rule 10b5-1 regulatory
"Sale of shares made pursuant to and in accordance with the requirements of Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Employee Stock Purchase Plan financial
"acquired pursuant to the Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rules 16b-3(c) and 16b-3(d) regulatory
"in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d)"
FAQ
What insider transaction did NXDR disclose for Sophia Schwartz?
Sophia Schwartz sold 2,500 shares of Nextdoor Holdings, Inc. Class A Common Stock on August 17, 2026 at $2.5142 per share. The transaction was reported as an open-market or private sale of non-derivative shares.
What role does Sophia Schwartz have at Nextdoor Holdings, Inc. (NXDR)?
Sophia Schwartz is identified as Chief Legal Officer and Secretary of Nextdoor Holdings, Inc. She is an officer of the company but is not listed as a director or ten percent owner in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.