GURLEY J WILLIAM 4

What Happened
Gurley J. William (reported as a 10% owner) recorded the exercise/conversion of 6,535 derivative securities on 2026-03-31, resulting in the acquisition of 6,535 shares of Nextdoor Class A Common Stock at an effective price of $0.00 (total cash paid $0). The filing shows a simultaneous disposition entry for 6,535 derivative units, consistent with conversion/settlement of restricted stock units (RSUs) rather than an open-market sale.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (filed within the standard two-business-day window).
• Reported entries: Acquired 6,535 shares @ $0.00 (derivative exercise/conversion); Disposed 6,535 derivative units @ $0.00.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1–F3 indicate these were RSUs (each RSU = right to one Class A share), vesting schedule applies, and the RSUs do not expire. F2 notes the award vests 1/4 on each of March 31, June 30, Sept 30, and Dec 31, 2026, subject to continued service.
• Timeliness: Filing appears timely (not reported late).

Context
The Form 4 uses transaction code "M" (exercise or conversion of a derivative security). In plain terms, this was the settlement/vesting of RSUs into common shares (no cash purchase or open-market sale). As a 10% owner, Gurley is a significant shareholder; this RSU conversion is an administrative/compensation-related event and should not be read on its own as a buy or sell signal.