Ponnambalam Indrajit 4
4 · Nextdoor Holdings, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) CFO Indrajit Ponnambalam Receives Award
What Happened
Indrajit Ponnambalam, Nextdoor’s Chief Financial Officer and Treasurer, was granted 1,554,806 performance stock units (PSUs) on March 5, 2026. The grant is reported as a derivative award at $0.00 per unit (no cash paid). These PSUs are not immediate shares — they are contingent rights to receive Class A common stock in the future if specified performance and service conditions are met.
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely filing).
- Transaction type/code: A (Award/Grant, derivative).
- Amount: 1,554,806 PSUs granted; reported at $0.00 per unit.
- Shares owned after transaction: not disclosed in this filing.
- Notable footnotes:
- The PSUs are contingent on achievement of performance targets and continued service (F1).
- Vesting is subject to four escalating stock-price Performance Targets over a performance period from Jan 15, 2027 to Jan 15, 2030, and, subject to achievement and service, vests annually in four installments on January 15 (first tranche may vest Jan 15, 2027) (F2).
- Payout can range from 0% to 200% of the listed amount depending on performance; if performance criteria are not met, the award can expire and be forfeited on Jan 15, 2030 (F1, F3).
Context
PSUs are a common long-term incentive used by companies to align executives with future stock performance; they do not represent immediate ownership and their value depends on future performance and continued employment. This grant is an award (not a purchase or sale) and should be viewed as compensation-related rather than a direct market bet by the officer.
Insider Transaction Report
- Award
Performance Stock Units (PSU)
[F1][F2][F3]2026-03-05+1,554,806→ 1,554,806 totalExp: 2030-01-15→ Class A Common Stock (1,554,806 underlying)
Footnotes (3)
- [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.