Kiernan Michael 4

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.