Kiernan Michael 4

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.