GURLEY J WILLIAM 4

What Happened
Gurley J. William, reported as a 10% owner of Nextdoor Holdings, received an award of 26,143 restricted stock units (RSUs) on 2026-03-16. The Form 4 lists the acquisition price as $0.00 (typical for RSU grants); this was a derivative award (transaction code A), not an open-market purchase or sale, and does not represent immediate cash proceeds.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (timely filing).
• Award: 26,143 RSUs; acquisition price reported $0.00; filing classifies the instrument as a derivative.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: Each RSU converts to one share of Class A common stock, subject to continued service.
  • F2: Vesting schedule — 1/4 of the award vests on each of March 31, June 30, September 30 and December 31, 2026, contingent on continued service.
  • F3: RSUs do not expire; they either vest or are cancelled before vesting.

Context
RSU grants are a common form of equity compensation and are generally contingent on continued service; they are not immediate purchases or sales. As a 10% owner, this transaction reflects an equity award rather than an open-market trade and should be interpreted as a grant/compensation event, not necessarily a directional signal about the insider’s view of the stock. The reported $0 acquisition price reflects the grant mechanics; the market value of underlying shares is not reported on the Form 4.