Pressman Jason 4

What Happened
Jason Pressman, a director of Nextdoor Holdings, received a grant of 26,143 restricted stock units (RSUs) on 2026-03-16. The award was reported as a derivative acquisition (Form 4 code A) with an acquisition price of $0. RSUs represent a contingent right to receive one share of Class A common stock per unit, subject to vesting and continued service.

Key Details

• Transaction date and type: 2026-03-16 — Grant/Award of 26,143 RSUs (derivative), $0 acquisition price.
• Filing date: Form 4 filed 2026-03-18 (filed two days after the transaction; appears timely).
• Shares owned after transaction: Not specified in this Form 4.
• Vesting schedule (footnotes): 1/4 of the award vests on each of March 31, 2026; June 30, 2026; September 30, 2026; and December 31, 2026, conditional on continued service.
• Additional note: The RSUs do not expire — they either vest or are cancelled prior to vesting.

Context
RSU grants are a form of compensation, not an open‑market purchase or sale. They carry no immediate cash cost to the insider (acquisition price $0) and do not indicate an immediate sale of shares. For investors, awards like this are routine compensation for directors and should be interpreted differently than outright purchases or sales; the economic exposure depends on future vesting and the company's stock price at settlement.