Sumitomo Mitsui group discloses 4.9% Nextdoor (NXDR) holding

Rhea-AI Filing Summary

Nextdoor Holdings, Inc. received an updated ownership report from Sumitomo Mitsui Trust Group, Inc. and Amova Asset Management Co., Ltd. They report beneficial ownership of 11,899,919 shares of Class A common stock, representing 4.9% of the class as of 12/31/2025.

Both entities report shared voting and dispositive power over all 11,899,919 shares and no sole power. The securities are owned, or may be deemed beneficially owned, through their subsidiary Amova Asset Management Americas, Inc. The holdings are certified as being held in the ordinary course of business and not for influencing control of Nextdoor.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Nextdoor Holdings, Inc.

(Name of Issuer)

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

65345M108

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 65345M108

1

Names of Reporting Persons

Sumitomo Mitsui Trust Group, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

JAPAN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 11,899,919.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,899,919.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,899,919.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

HC, FI

SCHEDULE 13G

CUSIP No. 65345M108

1

Names of Reporting Persons

Amova Asset Management Co., Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

JAPAN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 11,899,919.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,899,919.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,899,919.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

IA, HC, FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Nextdoor Holdings, Inc.
(b)	Address of issuer's principal executive offices: 420 Taylor Street, San Francisco, CA, 94012
Item 2.
(a)	Name of person filing: Sumitomo Mitsui Trust Group, Inc. Amova Asset Management Co., Ltd.
(b)	Address or principal business office or, if none, residence: Sumitomo Mitsui Trust Group, Inc.:1-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-8233, Japan Amova Asset Management Co., Ltd.: Midtown Tower, 9-7-1 Akasaka, Minato-ku, Tokyo 107-6242, Japan
(c)	Citizenship: Sumitomo Mitsui Trust Group, Inc.: Japan Amova Asset Management Co., Ltd.: Japan
(d)	Title of class of securities: Class A common stock, par value $0.0001 per share
(e)	CUSIP No.: 65345M108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Parent Holding Company
Item 4.	Ownership
(a)	Amount beneficially owned: 11,899,919
(b)	Percent of class: 4.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Sumitomo Mitsui Trust Group, Inc.: 0 Amova Asset Management Co., Ltd.: 0
	(ii) Shared power to vote or to direct the vote: Sumitomo Mitsui Trust Group, Inc.: 11,899,919 Amova Asset Management Co., Ltd.: 11,899,919
	(iii) Sole power to dispose or to direct the disposition of: Sumitomo Mitsui Trust Group, Inc.: 0 Amova Asset Management Co., Ltd.: 0
	(iv) Shared power to dispose or to direct the disposition of: Sumitomo Mitsui Trust Group, Inc.: 11,899,919 Amova Asset Management Co., Ltd.: 11,899,919
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. The securities being reported on by each of Sumitomo Mitsui Trust Group, Inc.(which is classified as a parent holding company or control person in accordance with ss. 240.13d-1(b)(1)(ii)(G) , as a non-U.S. institution in accordance with ss. 240.13d-1(b)(1)(ii)(J) and as Group, in accordance with ss. 240.13d-1(b)(1)(ii)(K)) and Amova Asset Management Co., Ltd. (which is classified as a parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G) ,as an investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E) and as a non-U.S. institution in accordance with ss.240.13d-1(b)(1)(ii)(J)) ,as parent holding companies, are owned, or may be deemed to be beneficially owned, by their subsidiary Amova Asset Management Americas, Inc., (which is classified as an investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E)).
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. The securities being reported on by each of Sumitomo Mitsui Trust Group, Inc.(which is classified as a parent holding company or control person in accordance with ss. 240.13d-1(b)(1)(ii)(G) , as a non-U.S. institution in accordance with ss. 240.13d-1(b)(1)(ii)(J) and as Group, in accordance with ss. 240.13d-1(b)(1)(ii)(K)) and Amova Asset Management Co., Ltd. (which is classified as a parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G) ,as an investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E) and as a non-U.S. institution in accordance with ss.240.13d-1(b)(1)(ii)(J)) ,as parent holding companies, are owned, or may be deemed to be beneficially owned, by their subsidiary Amova Asset Management Americas, Inc., (which is classified as an investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E)).
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Sumitomo Mitsui Trust Group, Inc.

Signature:	/s/ Hideaki Takamiya
Name/Title:	Senior Manager of Risk Management Dept
Date:	02/05/2026

Amova Asset Management Co., Ltd.

Signature:	/s/ Atsushi Ohya
Name/Title:	Head of Business Regulatory Compliance
Date:	02/05/2026

FAQ

What ownership stake in Nextdoor Holdings (NXDR) is reported in this Schedule 13G/A?

The filing reports beneficial ownership of 11,899,919 shares of Nextdoor Holdings Class A common stock, representing 4.9% of the class as of 12/31/2025. This stake is reported jointly by Sumitomo Mitsui Trust Group, Inc. and Amova Asset Management Co., Ltd. with shared voting and dispositive power.

Who are the reporting persons in the Nextdoor (NXDR) Schedule 13G/A Amendment No. 1?

The reporting persons are Sumitomo Mitsui Trust Group, Inc. and Amova Asset Management Co., Ltd., both organized in Japan. They report as parent holding companies, with the shares owned or deemed beneficially owned through their subsidiary Amova Asset Management Americas, Inc., an investment adviser.

How much voting and dispositive power over Nextdoor (NXDR) shares is reported?

Both reporting persons disclose 0 shares with sole voting or dispositive power and 11,899,919 shares with shared voting and shared dispositive power. This means decisions to vote or sell the reported Class A common shares are controlled jointly, rather than individually, by the reporting entities.

Is the Sumitomo Mitsui and Amova stake in Nextdoor (NXDR) intended to influence control?

The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Nextdoor. It also notes they are not held in connection with any transaction aimed at such control.

What type of filers are Sumitomo Mitsui Trust Group and Amova Asset Management in this 13G/A for NXDR?

Sumitomo Mitsui Trust Group, Inc. is classified as a parent holding company or control person, a non-U.S. institution, and part of a group. Amova Asset Management Co., Ltd. is classified as a parent holding company, an investment adviser, and a non-U.S. institution.

What percentage threshold does this Nextdoor (NXDR) Schedule 13G/A reference?

The filing notes ownership of 5 percent or less of a class. Specifically, the reporting persons disclose a 4.9% beneficial ownership of Nextdoor’s Class A common stock, which keeps their reported stake just below the 5% threshold referenced in the ownership section.