NXDR Form 4: RSUs vested, shares withheld at $2.09 for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nextdoor Holdings (NXDR) reported insider activity by its Chief Revenue Officer on 10/15/2025. Multiple RSU tranches vested (code M) converting into Class A shares, and shares were withheld to cover taxes (code F) at $2.09 per share. Following these transactions, the officer directly owns 450,094 Class A shares.
The RSU activity included conversions tied to quarterly vesting schedules. As context, RSUs vest on January 15, April 15, July 15, and October 15 under specified grant terms, with remaining RSU balances shown in the derivative table.
Positive
- None.
Negative
- None.
Insider Trade Summary
89,797 shares exercised/converted
Mixed
9 txns
Insider
Kiernan Michael
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 7,882 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) | 16,915 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) | 65,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,882 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 3,413 | $2.09 | $7K |
| Exercise | Class A Common Stock | 16,915 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 7,324 | $2.09 | $15K |
| Exercise | Class A Common Stock | 65,000 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 28,146 | $2.09 | $59K |
Holdings After Transaction:
Restricted Stock Units (RSU) — 15,764 shares (Direct);
Class A Common Stock — 407,062 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. The RSU award vests on January 15, April 15, July 15 and October 15 of each calendar year, with 1/6 of the total number of shares vesting on July 15, 2024; thereafter, (a) for the next three vesting events following July 15, 2024, an additional 1/6 of the total number of shares will vest, and (b) for the remaining four vesting events, an additional 1/12 of the total number of shares will vest, 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 six equal quarterly installments on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on January 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date. The RSU award vests in eight equal quarterly installments on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
FAQ
What did NXDR disclose in this Form 4?
The Chief Revenue Officer reported RSU vesting (code M) and tax share withholdings (code F) on 10/15/2025 at a price of $2.09 for withholdings.
What is the vesting cadence for the RSUs?
RSUs vest quarterly on January 15, April 15, July 15, and October 15 per each grant’s schedule, subject to continued service.
What do Form 4 transaction codes M and F mean?
M indicates conversion of derivative securities (RSUs) to stock; F indicates shares withheld to cover taxes incident to vesting.