26,143 RSUs granted to Nextdoor (NYSE: NXDR) director David Sze
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nextdoor Holdings director David L. Sze received a grant of 26,143 restricted stock units (RSUs) representing Class A common stock. The RSUs are compensation, not an open‑market purchase, and carry no exercise price.
The award vests in four equal installments, with one quarter of the shares vesting on each of March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, as long as he continues serving the company on each vesting date. The RSUs do not expire; they either vest or are cancelled before vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sze David L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (RSU) | 26,143 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSU) — 26,143 shares (Direct)
Footnotes (1)
- 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. 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. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
FAQ
What did Nextdoor (NXDR) director David Sze report in this Form 4?
Director David L. Sze reported receiving a grant of 26,143 restricted stock units from Nextdoor Holdings. Each RSU represents a contingent right to one share of Class A common stock, issued as equity compensation rather than an open-market stock purchase.
How many RSUs were granted to the Nextdoor (NXDR) director?
The director was granted 26,143 restricted stock units. These RSUs give him the right to receive an equal number of Class A common shares if vesting conditions are met, aligning his compensation more closely with the company’s future share performance.
When do David Sze’s Nextdoor (NXDR) RSUs vest?
The RSUs vest in four equal parts during 2026. One quarter vests on each of March 31, June 30, September 30, and December 31, 2026, provided David Sze continues serving Nextdoor through each specified vesting date.
Do the Nextdoor (NXDR) RSUs reported by David Sze have an exercise price?
The RSUs have no exercise price; they are granted at a price of zero. Each vested unit converts into one share of Class A common stock, reflecting pure equity compensation instead of requiring the director to pay to acquire the underlying shares.
Can the Nextdoor (NXDR) RSUs reported by David Sze expire?
The RSUs do not have a traditional expiration date. According to the disclosure, they will either vest on the scheduled dates if service continues, or be cancelled beforehand, meaning they are contingent on ongoing service to Nextdoor.