Tolia Nirav N 4/A
4/A · Nextdoor Holdings, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) 10% Owner Nirav Tolia Receives Award
What Happened
Nirav N. Tolia, a reported 10% owner of Nextdoor Holdings, received two equity awards on March 5, 2026: 1,768,346 performance stock units (PSUs) and 1,768,346 restricted stock units (RSUs). Both grants are reported as derivative awards at $0.00 per unit (no cash paid). The PSUs are performance-contingent (0%–200% payout range relative to the reported target amount) and the RSUs vest based on continued service.
This is an awards/grant transaction (code A) — not an open-market purchase or sale — so it reflects compensation/long-term incentive rather than a straightforward bullish or bearish trade.
Key Details
- Transaction date: March 5, 2026; filing is an amended Form 4 filed March 20, 2026 to correct the PSU performance-period start.
- Reported grants: 1,768,346 PSUs and 1,768,346 RSUs; both reported at $0.00 (derivative awards).
- PSUs: Performance period March 5, 2026 – January 15, 2030; vesting annual on January 15 (first possible vest Jan 15, 2027). PSUs pay out 0%–200% of the reported target amount depending on achievement of four escalating stock-price performance targets. If performance = 0%, PSUs expire/forfeit on Jan 15, 2030.
- RSUs: Vest in 16 ratable quarterly installments over four years (Apr, Jul, Oct, Jan), with first vesting on April 15, 2026; RSUs do not expire (they either vest or are cancelled).
- Shares owned after transaction: Not provided in this filing.
- Filing status: Amended to correct performance-period start; amendment supersedes prior Form 4 filings for this grant.
Context
- PSUs are contingent on performance targets and continued service; they may never convert into shares if targets aren’t met. RSUs are time-based and convert to shares as they vest.
- Awards reported at $0.00 indicate grants as compensation rather than market purchases. For retail investors, awards show insider compensation and potential future dilution, but they are not direct indications of immediate insider buying or selling.
Insider Transaction Report
Form 4/AAmended
Tolia Nirav N
DirectorCEO and President10% Owner
Transactions
- Award
Performance Stock Units (PSU)
[F1][F2][F3]2026-03-05+1,768,346→ 1,768,346 totalExp: 2030-01-15→ Class A Common Stock (1,768,346 underlying) - Award
Restricted Stock Units (RSU)
[F4][F5][F6]2026-03-05+1,768,346→ 1,768,346 total→ Class A Common Stock (1,768,346 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 ratable quarterly installments over four years on the 15th calendar day of April, July, October and January, 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.
Signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person|2026-03-20