Lisowski Craig 4/A

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.