Lisowski Craig 4/A
4/A · Nextdoor Holdings, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) President of Products Craig Lisowski Receives Award
What Happened
Craig Lisowski, President of Products at Nextdoor (NXDR), was granted two awards on March 5, 2026: 663,129 performance stock units (PSUs) and 663,129 restricted stock units (RSUs), each with a reported acquisition price of $0.00 (award/derivative). The two grants total 1,326,258 stock units. The PSU award is performance-contingent (0%–200% payout potential; the reported amount reflects 100% target), while the RSU award vests solely based on continued service.
Key Details
- Transaction date: March 5, 2026; Form 4 filed as an amendment on March 20, 2026 to correct the PSU performance-period start.
- Award type and counts: 663,129 PSUs and 663,129 RSUs; total 1,326,258 units; reported price $0.00 (code A = award/grant).
- PSU performance period: March 5, 2026 – January 15, 2030; PSUs vest annually in four installments on January 15 (first possible vesting Jan 15, 2027). Payout can range 0%–200% of the target; if performance is 0%, PSUs expire/forfeit on Jan 15, 2030.
- RSU vesting: 16 equal quarterly installments over four years (Jan 15/Apr 15/Jul 15/Oct 15), first vesting Apr 15, 2026; RSUs do not expire prior to vesting.
- Shares owned after transaction: Not specified in the supplied excerpt—see the full Form 4 for post-grant beneficial ownership.
- Filing status: This is an AMENDED Form 4 that corrects the beginning of the PSU performance period and supersedes prior versions.
Context
These awards are compensation (not open-market purchases or sales). PSUs are derivative, contingent on performance targets and continued service; RSUs are service-based and vest over time. Awards like these are routine executive compensation and do not, by themselves, indicate a buy or sell signal.
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 March 5, 2026 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.