Schwartz Sophia 4

What Happened

• Sophia Schwartz, General Counsel and Secretary of Nextdoor Holdings (NXDR), sold 2,500 shares of Class A common stock in an open-market/ private sale on February 18, 2026. The sale price was $1.65 per share for total proceeds of $4,125. This was a sale (not a purchase), and it was executed under a pre-established plan.

Key Details

• Transaction date and price: 2026-02-18 — 2,500 shares sold at $1.65/share (total $4,125).
• Filing date and timeliness: Form 4 filed 2026-02-20; transaction reported within the usual two-business-day window (filed timely).
• Shares owned after transaction: Not specified in the provided filing summary.
• Notable footnotes:
  • F1: Sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025 (pre-arranged plan).
  • F2: Filing notes inclusion of 2,500 shares acquired under Nextdoor’s 2021 Employee Stock Purchase Plan on February 14, 2026 in a transaction exempt under Rules 16b-3(c) and 16b-3(d).

Context

• A 10b5-1 plan indicates the sale was pre-arranged according to a written trading plan, which is common for executives to avoid appearance of trading on material nonpublic information. The transaction is small in dollar terms and does not by itself indicate a change in insider sentiment.