Nextdoor director exercises 6,536 RSUs at $0
Nextdoor Holdings director David L. Sze increased his equity stake through RSU vesting.
Accepted by SEC EDGAR
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Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Nextdoor Holdings director David L. Sze increased his equity stake through RSU vesting. On June 30, 2026, he exercised restricted stock units to acquire 6,536 shares of Class A Common Stock, bringing his direct holdings to 188,405 shares. The related RSU award continues to vest in four equal installments on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, in each case conditioned on his continued service. These RSUs either vest into shares or are cancelled and do not involve open-market buying or selling.
Insider Trade Summary
6,536 shares exercised/converted
Exercise
2 txns
Insider
Sze David L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 6,536 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 6,536 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (RSU) — 13,072 units (Direct);
Class A Common Stock — 188,405 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject only to continued service to the Issuer.
- F2. The RSU Award will vest as to 1/4 of the shares subject to the award on each of March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, in each case, subject to the reporting person's continued service to the Issuer through each such date.
- F3. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs exercised: 6,536 shares
Shares held after transaction: 188,405 shares
RSUs outstanding: 13,072 units
+1 more
4 metrics
RSUs exercised
6,536 shares
Class A Common Stock acquired on June 30, 2026
Shares held after transaction
188,405 shares
Class A Common Stock directly owned after June 30, 2026
RSUs outstanding
13,072 units
Restricted Stock Units remaining after June 30, 2026
RSU vesting dates
March 31, 2026 to December 31, 2026
Four equal installments in 2026, subject to continued service
Key Terms
Restricted Stock Units (RSU), Class A Common Stock, derivative security, vesting
4 terms
Restricted Stock Units (RSU) financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Class A Common Stock financial
"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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"These RSUs do not expire; they either vest or are cancelled prior to the vesting date."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Nextdoor (NXDR) director David Sze report?
Director David L. Sze reported an exercise of restricted stock units, acquiring 6,536 shares of Class A Common Stock on June 30, 2026. This was a compensation-related equity vesting, not an open-market purchase or sale of Nextdoor Holdings, Inc. shares.
How many restricted stock units remain for David Sze at Nextdoor (NXDR)?
Following the June 30, 2026 transaction, David L. Sze has 13,072 restricted stock units outstanding from the reported award. Each RSU represents a contingent right to receive one Class A share, subject to continued service to Nextdoor Holdings, Inc. through the applicable vesting dates.
What is the vesting schedule for David Sze’s RSU award at Nextdoor (NXDR)?
The RSU award vests in four equal parts on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026. Vesting on each date is conditioned on David L. Sze’s continued service to Nextdoor Holdings, Inc. through that specific vesting date.
Do David Sze’s RSUs at Nextdoor (NXDR) expire if not vested?
The restricted stock units do not have a traditional expiration date. According to the terms, they either vest into Class A Common Stock if service conditions are met or are cancelled prior to the scheduled vesting date if those service requirements are not satisfied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
