Sze David L 4

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.