Lisowski Craig 4

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.