4//SEC Filing
Pressman Jason 4
Accession 0001846069-24-000203
CIK 0001846069other
Filed
Aug 11, 8:00 PM ET
Accepted
Aug 12, 5:36 PM ET
Size
16.1 KB
Accession
0001846069-24-000203
Insider Transaction Report
Form 4
Pressman Jason
Director
Transactions
- Conversion
Class A Common Stock
2024-08-08+5,000,000→ 5,000,000 total(indirect: By Shasta Ventures II, L.P.) - Other
Class A Common Stock
2024-08-08+224,731→ 770,901 total(indirect: By Trust) - Conversion
Class B Common Stock
2024-08-08−5,000,000→ 13,360,232 total(indirect: By Shasta Ventures II, L.P.)Exercise: $0.00→ Class A Common Stock (5,000,000 underlying) - Other
Class A Common Stock
2024-08-08−5,000,000→ 0 total(indirect: By Shasta Ventures II, L.P.) - Other
Class A Common Stock
2024-08-08+1,064,870→ 1,109,870 total(indirect: By LLC) - Other
Class A Common Stock
2024-08-08−1,039,242→ 70,628 total(indirect: By LLC)
Footnotes (8)
- [F1]The shares are held directly by Shasta Ventures II, L.P ("Shasta Ventures II"). Shasta Ventures II GP, LLC ("SVII GP") is the general partner of Shasta Ventures II. Voting and dispositive decisions with respect to the shares held by Shasta Ventures II are made collectively by the managing members of SVII GP, including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any.
- [F2]The reported transaction represents a pro rata in-kind distribution without consideration by Shasta Ventures II to its partners. The distribution was made in accordance with the exemptions afforded pursuant to Rules 16a-13 and/or 16a-9 promulgated under the Securities Exchange Act of 1934, as amended.
- [F3]Represents the receipt of shares pursuant to the distribution described in footnote (2).
- [F4]The shares are held directly by SVII GP. Voting and dispositive decisions with respect to the shares held by SVII GP are made collectively by the managing members of SVII GP, including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any.
- [F5]The transaction represents a pro rata in-kind distribution without consideration by SVII GP to its members. The distribution was made in accordance with the exemptions afforded pursuant to Rules 16a-13 and/or 16a-9 promulgated under the Securities Exchange Act of 1934, as amended.
- [F6]Represents the receipt of shares pursuant to the distribution described in footnote (5).
- [F7]The shares are held by a trust of which the reporting person is the trustee.
- [F8]Each share of Class B Common Stock is convertible into one share of Class A Common Stock of the Issuer at the election of the holder any time; provided; however, that each share of Class B Common Stock shall automatically be converted into Class A Common Stock on a one-for-one basis on the earlier of the: (i) tenth anniversary of completion of the Business Combination or (ii) date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value (subject to certain exceptions).
Documents
Issuer
Nextdoor Holdings, Inc.
CIK 0001846069
Entity typeother
Related Parties
1- filerCIK 0001649999
Filing Metadata
- Form type
- 4
- Filed
- Aug 11, 8:00 PM ET
- Accepted
- Aug 12, 5:36 PM ET
- Size
- 16.1 KB