Sze David L 4
4 · Nextdoor Holdings, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) Director David Sze Converts 6,535 RSUs to Shares
What Happened
- David L. Sze, a director of Nextdoor Holdings (NXDR), had 6,535 restricted stock units (RSUs) convert into 6,535 shares on March 31, 2026. The filing records an exercise/conversion of a derivative (code M) with a $0.00 per-share price — i.e., RSUs converted to common stock rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-31 (Form 4 filed 2026-04-02).
- Reported entries: 6,535 shares acquired via conversion (code M) at $0.00; the same 6,535 RSU derivative shown as disposed (conversion).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1–F3 state these are RSUs (1 RSU = 1 share upon vesting), vesting schedule is 1/4 on each of Mar 31, Jun 30, Sep 30 and Dec 31, 2026 (subject to continued service), and the RSUs do not expire.
- Filing timeliness: Filed two days after the transaction date (appears timely based on supplied dates).
Context
- This was a conversion/vesting event (RSUs becoming shares), not an open-market buy or sale; no cash amount was reported. Such vesting conversions are routine compensation-related transactions and do not by themselves signal a buy or sell decision in the market.
Insider Transaction Report
Form 4
Sze David L
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2026-03-31+6,535→ 75,162 total - Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F2][F3]2026-03-31−6,535→ 19,608 total→ Class A Common Stock (6,535 underlying)
Footnotes (3)
- [F1]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.
- [F2]The RSU Award will vest as to 1/4 of the shares subject to the award on each of March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, in each case, subject to the reporting person's continued service to the Issuer through each such date.
- [F3]These RSUs 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|2026-04-02