Nextdoor (NYSE: NXDR) director converts 6,535 RSUs, now holds 75,162 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. director and ten percent owner J. William Gurley exercised restricted stock units into Class A shares as part of his equity compensation. On March 31, 2026, 6,535 RSUs converted into 6,535 shares at a price of $0.00 per share. Following the transaction, he directly holds 75,162 shares of Class A Common Stock and 19,608 RSUs. The RSU award is scheduled to vest in four equal installments on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,535 shares exercised/converted
Mixed
2 txns
Insider
GURLEY J WILLIAM
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 6,535 | $0.00 | -- |
| Exercise | Class A Common Stock | 6,535 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSU) — 19,608 shares (Direct);
Class A Common Stock — 75,162 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.
Key Figures
RSUs converted: 6,535 units
Conversion price: $0.00 per share
Shares held after: 75,162 shares
+2 more
5 metrics
RSUs converted
6,535 units
RSUs converted into Class A Common Stock on March 31, 2026
Conversion price
$0.00 per share
Price per share for RSU conversion on March 31, 2026
Shares held after
75,162 shares
Class A Common Stock directly owned after the transaction
RSUs remaining
19,608 units
Restricted stock units outstanding after the reported conversion
Vesting schedule
4 installments in 2026
Vesting on March 31, June 30, September 30, December 31, 2026
Key Terms
Restricted Stock Units (RSU), derivative exercise/conversion, Class A Common Stock, continued service, +1 more
5 terms
Restricted Stock Units (RSU) financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Class A Common Stock financial
"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.
continued service financial
"subject only to continued service to the Issuer"
vest or are cancelled financial
"These RSUs do not expire; they either vest or are cancelled"
FAQ
What insider transaction did NXDR director J. William Gurley report?
J. William Gurley reported an equity compensation event where 6,535 restricted stock units converted into 6,535 shares of Nextdoor Class A Common Stock at $0.00 per share. This reflects routine vesting of previously granted RSUs rather than an open-market stock purchase or sale.
What are the vesting terms of J. William Gurley’s RSU award at Nextdoor (NXDR)?
The RSU award will vest in four equal installments, each covering one-quarter of the shares, on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026. Each installment requires Gurley’s continued service to Nextdoor through the applicable vesting date.
Do the reported Nextdoor (NXDR) RSUs expire if they do not vest?
The filing states that these restricted stock units do not have an expiration date. Instead, they either vest and convert into Class A Common Stock or are cancelled before the scheduled vesting date, depending on whether the service-based vesting conditions are satisfied over time.