Nextdoor (NYSE: NXDR) director Niraj Shah exercises RSUs and receives new 85,365-unit award

Rhea-AI Filing Summary

Nextdoor Holdings director Niraj Shah reported equity compensation activity involving Class A Common Stock and restricted stock units (RSUs). He exercised RSUs covering 106,707 shares of Class A Common Stock, bringing his direct Class A holdings to 244,211 shares after the transaction.

Shah also received a new grant of 85,365 RSUs, each representing one share of Class A Common Stock. The prior RSU award being exercised vested or vests on the earlier of the 2026 annual meeting of stockholders or June 10, 2026, subject to continued service. The new RSU award will vest on the earlier of the 2027 annual meeting or June 9, 2027, also subject to continued service. No sales or tax-withholding dispositions were reported in this filing.

Insights

Equity compensation analyst

Routine equity compensation: RSU exercise and new grant, no share sales.

Director Niraj Shah exercised restricted stock units into 106,707 shares of Nextdoor Holdings Class A Common Stock and reported 244,211 Class A shares owned afterward. He also received a new grant of 85,365 RSUs, all at a stated price of $0.0000 per unit.

These events reflect standard board-level equity compensation rather than open-market trading. The exercised RSUs had vesting tied to the earlier of the 2026 annual meeting or June 10, 2026, while the new grant vests on the earlier of the 2027 annual meeting or June 9, 2027, in each case subject to continued service.

No sales, tax-withholding dispositions, or remaining derivative positions were reported, and transactionSummary shows only acquisitions. From an investment perspective, this appears to be routine alignment of director incentives with shareholders rather than a directional signal on the stock.

Insider Trade Summary

106,707 shares exercised/converted

Mixed 3 txns

Insider Shah Niraj

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units (RSU)	106,707	$0.00	--
Grant/Award	Restricted Stock Units (RSU)	85,365	$0.00	--
Exercise	Class A Common Stock	106,707	$0.00	--

Holdings After Transaction: Restricted Stock Units (RSU) — 0 shares (Direct); Class A Common Stock — 244,211 shares (Direct)

Footnotes (1)

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. The entire RSU award vested or vests on the earlier of the (a) date of the 2026 annual meeting of the Issuer's stockholders or (b) June 10, 2026, in each case subject to the reporting person's continued service to Issuer through the applicable vesting date. These RSUs do not expire; they either vest or are cancelled prior to the vesting date. The RSU award will vest on the earlier of (a) the date of the 2027 annual meeting of the Issuer's stockholders and (b) June 9, 2027, in each case, subject to the reporting person's continued service to the Issuer through the applicable vesting date.

Key Figures

RSU exercise into shares: 106,707 shares Shares owned after transactions: 244,211 shares New RSU grant size: 85,365 RSUs +3 more

6 metrics

RSU exercise into shares 106,707 shares Class A Common Stock acquired via RSU exercise on June 9, 2026

Shares owned after transactions 244,211 shares Class A Common Stock directly owned following Form 4 transactions

New RSU grant size 85,365 RSUs Restricted Stock Units granted on June 9, 2026

RSU to share ratio 1 RSU : 1 share Each RSU represents one Class A Common Stock share

2026 award vesting date Earlier of 2026 meeting or June 10, 2026 Vesting condition for exercised RSU award, subject to continued service

2027 award vesting date Earlier of 2027 meeting or June 9, 2027 Vesting condition for new 85,365 RSU award

Key Terms

Restricted Stock Units (RSU), vesting, annual meeting of the Issuer's stockholders, derivative security

4 terms

Restricted Stock Units (RSU) financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock."

vesting financial

"The entire RSU award vested or vests on the earlier of the (a) date of the 2026 annual meeting of the Issuer's stockholders or (b) June 10, 2026, in each case subject to the reporting person's continued service"

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.

annual meeting of the Issuer's stockholders financial

"The RSU award will vest on the earlier of (a) the date of the 2027 annual meeting of the Issuer's stockholders and (b) June 9, 2027"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/11/2026 - 04:01 PM Accepted by SEC EDGAR 06/11/2026 - 04:01 PM Learn about SEC filing dates

FAQ

What insider activity did Niraj Shah report for Nextdoor Holdings (NXDR)?

Niraj Shah reported exercising restricted stock units into 106,707 shares of Class A Common Stock and receiving a new grant of 85,365 RSUs. After the transactions, he directly owned 244,211 Class A shares, reflecting routine equity compensation activity rather than market trading.

How many Nextdoor (NXDR) shares does Niraj Shah hold after this Form 4?

After the reported transactions, Niraj Shah directly held 244,211 shares of Nextdoor Class A Common Stock. This figure reflects his position following the exercise of 106,707 RSU-based shares, with no reported sales or tax-withholding dispositions in this filing.

Were any Nextdoor (NXDR) shares sold in Niraj Shah’s Form 4 filing?

No sales were reported. All transactions in the filing are classified as acquisitions, including an RSU exercise into 106,707 Class A shares and a new grant of 85,365 RSUs. The transactionSummary shows zero sell or tax-withholding transactions, indicating no dispositions occurred.

What are the vesting terms of Niraj Shah’s new RSU grant at Nextdoor (NXDR)?

The new 85,365 RSU award will vest on the earlier of the 2027 annual meeting of stockholders or June 9, 2027. Vesting is contingent on Shah’s continued service to the company through the applicable vesting date, according to the disclosed footnote language.

How do Nextdoor (NXDR) RSUs reported by Niraj Shah convert into shares?

Each restricted stock unit represents a contingent right to receive one share of Nextdoor’s Class A Common Stock. Upon vesting and settlement, RSUs convert into an equal number of shares, as shown by Shah’s exercise of 106,707 RSUs into 106,707 Class A shares.

Is Niraj Shah’s Form 4 for Nextdoor (NXDR) a routine compensation event?

The filing appears to reflect routine equity compensation. It shows one RSU exercise into 106,707 Class A shares and a new grant of 85,365 RSUs, with vesting tied to future annual meetings and continued service, and no sales or tax-related dispositions disclosed.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shah Niraj

(Last) (First) (Middle)

420 TAYLOR STREET

(Street)

SAN FRANCISCO CALIFORNIA 94102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Nextdoor Holdings, Inc. [ NXDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/09/2026		M		106,707	A	$0	244,211	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (RSU)	(1)	06/09/2026		M			106,707	(2)	(3)	Class A Common Stock	106,707	$0	0	D
Restricted Stock Units (RSU)	(1)	06/09/2026		A		85,365		(4)	(3)	Class A Common Stock	85,365	$0	85,365	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

2. The entire RSU award vested or vests on the earlier of the (a) date of the 2026 annual meeting of the Issuer's stockholders or (b) June 10, 2026, in each case subject to the reporting person's continued service to Issuer through the applicable vesting date.

3. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.

4. The RSU award will vest on the earlier of (a) the date of the 2027 annual meeting of the Issuer's stockholders and (b) June 9, 2027, in each case, subject to the reporting person's continued service to the Issuer through the applicable vesting date.

Remarks:

	/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person	06/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)