Schwartz Sophia 4

What Happened
Sophia Schwartz, General Counsel and Secretary of Nextdoor Holdings (NXDR), was granted two equity awards on 2026-03-05: 471,559 performance stock units (PSUs) and 471,559 restricted stock units (RSUs). Both grants are reported as derivative acquisitions at $0 (i.e., compensation awards, not cash purchases). At the baseline (100% performance), the two awards together represent 943,118 potential shares; the PSU award may pay between 0% and 200% of the stated PSU amount depending on performance.

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (timely based on reporting rules).
• Price: $0.00 — these are compensation grants (derivative securities), not open-market buys or sales.
• PSU specifics (footnotes F1–F3): 471,559 PSUs; performance period Jan 15, 2027 – Jan 15, 2030; vesting annually in four installments on Jan 15 (first possible vesting Jan 15, 2027); payout may range from 0%–200% of the stated amount; if performance = 0%, PSUs expire/forfeit on Jan 15, 2030.
• RSU specifics (footnotes F4–F6): 471,559 RSUs; service-based vesting in 16 equal quarterly installments (Apr, Jul, Oct, Jan 15th) beginning Apr 15, 2026; RSUs do not expire (they vest or are cancelled).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed on 2026-03-09 for a 2026-03-05 grant (within the standard two-business-day reporting window).

Context
These grants are compensation/retention awards rather than purchases or sales; they do not represent immediate share ownership or a direct cash investment by the insider. PSUs are performance-contingent (can pay more or less than the stated amount), while RSUs vest based on continued service. For retail investors, awards are informative about executive compensation and retention incentives but are not the same signal as an open-market insider purchase.