Kiernan Michael 4
4 · Nextdoor Holdings, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) CRO Kiernan Michael Receives Award
What Happened
Kiernan Michael, Chief Revenue Officer of Nextdoor Holdings, was granted two awards on March 5, 2026: 442,086 performance stock units (PSUs) and 442,086 restricted stock units (RSUs). Both grants are reported at $0.00 (no cash paid). The PSU award is performance-contingent; the RSUs are service-based.
Key Details
- Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (filed 4 days after the grant; appears later than the standard two-business-day Form 4 window).
- PSUs: 442,086 units reported (reflects 100% achievement target); actual vesting may range from 0%–200% depending on performance and continued service (see below).
- PSU performance period: January 15, 2027 through January 15, 2030; vesting annually in four installments on January 15, beginning January 15, 2027. If performance criteria are not met, PSUs expire/forfeit on January 15, 2030.
- RSUs: 442,086 units reported; vest in 16 equal quarterly installments over four years on the 15th of April, July, October and January, with first vesting on April 15, 2026. These RSUs do not expire prior to vesting.
- Filing did not disclose total shares owned by the reporting person after these grants in the provided excerpt.
- No tax-withholding, plan sale, or immediate sale was reported in the provided filing details.
Context
These are awards (not open-market purchases or sales). PSUs are derivatives tied to performance (so future share delivery depends on meeting stock-price targets during the performance period). RSUs are simple service-based grants that convert to shares as they vest. Awards are common as employee compensation and do not by themselves indicate immediate buying or selling of stock.
Insider Transaction Report
Form 4
Kiernan Michael
Chief Revenue Officer
Transactions
- Award
Performance Stock Units (PSU)
[F1][F2][F3]2026-03-05+442,086→ 442,086 totalExp: 2023-01-15→ Class A Common Stock (442,086 underlying) - Award
Restricted Stock Units (RSU)
[F4][F5][F6]2026-03-05+442,086→ 442,086 total→ Class A Common Stock (442,086 underlying)
Footnotes (6)
- [F1]The performance stock units ("PSUs") represent a contingent right to receive shares of the Issuer's Class A Common Stock, subject to the achievement of applicable performance criteria and the reporting person's continued service to the Issuer through the later of: (i) the date such achievement is certified. or (ii) the scheduled vesting date. The number of shares that will vest, if any, is contingent on achievement of the relevant Performance Targets (defined below), with the potential for the reporting person to earn a number of shares between 0% and 200% of the numbers reflected in the row above. The grant details reported in the row above represent the number of shares that may vest and be earned based on achievement of all Performance Targets at 100%.
- [F2]The PSU award is subject to a service-based vesting schedule and performance criteria relating to the achievement of four escalating stock price targets (the "Performance Targets") during a performance period beginning on January 15, 2027 and ending January 15, 2030 (the "Performance Period"). Subject to achievement of the relevant Performance Target and the Reporting Person's continued service to the Issuer through the applicable vesting date, the award shall vest annually in four installments on the 15th calendar day of January, with the first tranche capable of vesting on January 15, 2027.
- [F3]To the extent the relevant performance criteria are not achieved (i.e., achieved at 0%), the PSUs comprising this award will expire and be forfeited on January 15, 2030.
- [F4]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, as described in footnote 5 below.
- [F5]The RSU award vests in sixteen ratable quarterly installments over four years on the 15th calendar day of April, July, October and January, with the first such vesting event on April 15, 2026, subject to the reporting person's continued service to the Issuer on each vesting date.
- [F6]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person|2026-03-09