Lisowski Craig 4
4 · Nextdoor Holdings, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Nextdoor President Craig Lisowski Receives Stock Awards
What Happened
Craig Lisowski, President of Products at Nextdoor Holdings, received two equity awards on March 5, 2026: 663,129 performance stock units (PSUs) and 663,129 restricted stock units (RSUs), reported as derivative awards at an acquisition price of $0.00. The combined reported target number is 1,326,258 shares; however, the PSUs are performance-based and may vest at between 0% and 200% of the reported PSU amount depending on achievement of performance targets.
Key Details
- Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (timely within two business days).
- Award amounts: 663,129 PSUs and 663,129 RSUs; reported acquisition price $0.00 (award/grant).
- PSUs: subject to performance criteria tied to four escalating stock-price targets over the performance period Jan 15, 2027–Jan 15, 2030; vest annually in four installments (first possible vesting Jan 15, 2027). If performance = 0%, PSUs expire Jan 15, 2030.
- RSUs: service-based; vest in 16 equal quarterly installments over four years (Jan 15, Apr 15, Jul 15, Oct 15), with first vesting Apr 15, 2026; these RSUs do not expire before vesting.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Nature of transaction code: A = Award/Grant (not an open-market purchase or sale).
Context
These awards are contingent — RSUs depend on continued service and will convert to shares as they vest; PSUs additionally depend on meeting performance targets and could yield more or fewer shares than the target amount. Because this is a grant (not a purchase or sale), it does not signal an immediate cash outlay or change in beneficial ownership until vesting occurs.
Insider Transaction Report
- Award
Performance Stock Units (PSU)
[F1][F2][F3]2026-03-05+663,129→ 663,129 totalExp: 2030-01-15→ Class A Common Stock (663,129 underlying) - Award
Restricted Stock Units (RSU)
[F4][F5][F6]2026-03-05+663,129→ 663,129 total→ Class A Common Stock (663,129 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 equal quarterly installments over four years on January 15, April 15, July 15 and October 15 of each calendar year, 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.