Kiernan Michael 4
4 · Nextdoor Holdings, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) CRO Kiernan Exercises RSUs; 51,081 Shares Withheld
What Happened
- Kiernan Michael, Chief Revenue Officer of Nextdoor Holdings (NXDR), had RSUs/derivatives convert to 117,427 shares of Class A common stock on April 15, 2026 (reported on Form 4 filed Apr 17, 2026). The conversion price is shown as $0.00 (codes M = exercise/conversion of derivative), indicating vested awards converting into shares.
- To satisfy tax withholding obligations (code F), 51,081 shares were disposed/withheld at $1.52 per share for a total withholding of $77,642. Net new shares received by Kiernan from this conversion: 66,346 shares.
- These actions are routine vesting/conversion and tax-withholding mechanics rather than open-market purchases or negotiated sales.
Key Details
- Transaction date(s): April 15, 2026; Form 4 filed April 17, 2026 (timely filing).
- Conversion (M): 117,427 shares acquired at $0.00 per share (aggregate of 7,882; 16,915; 65,000; 27,630).
- Tax withholding (F): 51,081 shares disposed/withheld at $1.52 per share for $77,642 (aggregate of 3,449; 7,402; 28,266; 11,964).
- Net shares added to Kiernan’s holdings from this event: 66,346 shares.
- Footnotes: RSU definitions and vesting schedules referenced (F2–F7). Footnote F1 notes a separate ESPP purchase of 2,500 shares on Feb 14, 2026 (exempt under Rules 16b-3).
- Shares owned after the transaction are not listed in the provided excerpt.
Context
- This was a conversion/vesting event (derivative exercise/RSU settlement) with shares withheld to cover taxes — effectively a cashless tax-withholding, not an open-market sell motivated by trading. For retail investors, vesting + withholding is typically routine compensation administration rather than a directional insider trade.
Insider Transaction Report
Form 4
Kiernan Michael
Chief Revenue Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-15+7,882→ 506,677 total - Tax Payment
Class A Common Stock
2026-04-15$1.52/sh−3,449$5,242→ 503,228 total - Exercise/Conversion
Class A Common Stock
2026-04-15+16,915→ 520,143 total - Tax Payment
Class A Common Stock
2026-04-15$1.52/sh−7,402$11,251→ 512,741 total - Exercise/Conversion
Class A Common Stock
2026-04-15+65,000→ 577,741 total - Tax Payment
Class A Common Stock
2026-04-15$1.52/sh−28,266$42,964→ 549,475 total - Exercise/Conversion
Class A Common Stock
2026-04-15+27,630→ 577,105 total - Tax Payment
Class A Common Stock
2026-04-15$1.52/sh−11,964$18,185→ 565,141 total - Exercise/Conversion
Restricted Stock Units (RSU)
[F2][F3][F4]2026-04-15−7,882→ 0 total→ Class A Common Stock (7,882 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
[F2][F5][F4]2026-04-15−16,915→ 0 total→ Class A Common Stock (16,915 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
[F2][F6][F4]2026-04-15−65,000→ 195,000 total→ Class A Common Stock (65,000 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
[F2][F7][F4]2026-04-15−27,630→ 414,456 total→ Class A Common Stock (27,630 underlying)
Footnotes (7)
- [F1]Includes 2,500 shares of Class A Common Stock acquired pursuant to the Nextdoor Holdings, Inc. 2021 Employee Stock Purchase Plan on February 14, 2026 in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d).
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F3]The RSU award vests on January 15, April 15, July 15 and October 15 of each calendar year, with 1/6 of the total number of shares vesting on July 15, 2024; thereafter, (a) for the next three vesting events following July 15, 2024, an additional 1/6 of the total number of shares will vest, and (b) for the remaining four vesting events, an additional 1/12 of the total number of shares will vest, subject to the reporting person's continued service to the Issuer on each vesting date.
- [F4]These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
- [F5]The RSU award vests in six equal quarterly installments on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on January 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
- [F6]The RSU award vests in eight equal quarterly installments on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
- [F7]The RSU award vests in equal quarterly installments over four years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting date on April 15, 2026, subject to the reporting person's continued service to the Issuer on each vesting date.
Signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person|2026-04-17