Varelas Christopher 4
4 · Nextdoor Holdings, Inc. · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) Director Christopher Varelas Exercises Derivatives, Receives RSUs
What Happened
Christopher Varelas, a director of Nextdoor Holdings, reported on June 9, 2026 that he exercised/converted 106,707 derivative instruments (code M) at $0.00 per share and a matching disposition of 106,707 derivative units was reported (code M). He also received a grant/award of 85,365 restricted stock units (RSUs) (code A) at $0.00 per RSU. The transactions show no cash paid or received in the filing.
Key Details
- Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (timely filing).
- Exercise/conversion (M): 106,707 shares acquired @ $0.00; matching 106,707 derivative disposed @ $0.00.
- Award/grant (A): 85,365 RSUs acquired @ $0.00. Each RSU equals one contingent share (Footnote F2).
- Vesting notes: one RSU award vested or vests on the earlier of the 2026 annual meeting or June 10, 2026 (F3); another award vests on the earlier of the 2027 annual meeting or June 9, 2027 (F5). RSUs do not expire (F4).
- Holdings: the filing states these securities are held for the benefit of entities affiliated with Riverwood Capital and that Mr. Varelas disclaims beneficial ownership except for any pecuniary interest (F1).
- Shares owned after the reported transactions are not specified in the filing excerpt provided.
Context
- Code explanations: M = exercise or conversion of a derivative; A = grant/award. These were not open-market purchases or sales for cash; the exercise/conversion and awards were reported at $0 consideration.
- For retail investors: awards and derivative conversions often reflect contractual arrangements (vesting schedules, acquisition by affiliated entities) rather than an independent buy/sell decision by the insider. The Riverwood footnote indicates the reported securities are held for affiliated entities, which is institutional in nature rather than a personal trading decision.
Insider Transaction Report
Form 4
Varelas Christopher
Director
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-09+106,707→ 175,334 total - Exercise/Conversion
Restricted Stock Units (RSU)
[F2][F3][F4]2026-06-09−106,707→ 0 total→ Class A Common Stock (106,707 underlying) - Award
Restricted Stock Units (RSU)
[F2][F5][F4]2026-06-09+85,365→ 85,365 total→ Class A Common Stock (85,365 underlying)
Footnotes (5)
- [F1]These securities are held by Mr. Varelas for the benefit of one or more entities affiliated with Riverwood Capital GP II Ltd. (collectively, "Riverwood"). Mr. Varelas is obligated to transfer such securities (or, in the case of an equity award, the shares underlying such award) or any proceeds from the sale thereof as directed by Riverwood. Mr. Varelas disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities by Mr. Varelas for purposes of Section 16 or any other purposes.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F3]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.
- [F4]These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
- [F5]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.
Signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person|2026-06-11