Tolia Nirav N 4
4 · Nextdoor Holdings, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) 10% Owner Nirav Tolia Exercises RSUs
What Happened
Nirav Tolia, a 10% owner of Nextdoor Holdings (NXDR), exercised/conversion of RSU-based derivatives on April 15, 2026, resulting in the conversion of 468,773 RSUs into the same number of Class A shares. To satisfy tax withholding, 184,464 shares were surrendered at $1.52/share for a total withholding value of $280,385. Net shares delivered to Tolia after withholding: 284,309 shares. The Form 4 was filed on April 17, 2026 (timely).
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 17, 2026.
- Converted/Acquired (code M): 468,773 shares at $0.00 (reflects RSU conversion).
- Withheld/Disposed for taxes (code F): 184,464 shares at $1.52 each, total $280,385.
- Net new shares received: 284,309.
- Shares owned after transaction: not specified in the filing.
- Relevant footnotes: these were RSUs (each RSU = 1 share). Vesting schedules described in the filing (quarterly over four years; one tranche had an April 15, 2026 vesting date). RSUs do not expire and are subject to continued service.
- Filing timeliness: appears timely (filed within two business days).
Context
- This was a conversion/vesting event (derivative-to-share conversion) with routine tax-withholding (share surrender), not an open-market sale or purchase. Such withholdings are common when restricted stock units vest.
- As a 10% owner, Tolia is a large shareholder; this filing reflects standard equity compensation vesting and tax withholding rather than a discretionary buy or sell in the open market.
Insider Transaction Report
Form 4
Tolia Nirav N
DirectorCEO and President10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2026-04-15+313,127→ 1,844,860 total - Tax Payment
Class A Common Stock
2026-04-15$1.52/sh−123,216$187,288→ 1,721,644 total - Exercise/Conversion
Class A Common Stock
2026-04-15+45,125→ 1,766,769 total - Tax Payment
Class A Common Stock
2026-04-15$1.52/sh−17,757$26,991→ 1,749,012 total - Exercise/Conversion
Class A Common Stock
2026-04-15+110,521→ 1,859,533 total - Tax Payment
Class A Common Stock
2026-04-15$1.52/sh−43,491$66,106→ 1,816,042 total - Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F2][F3]2026-04-15−313,127→ 2,505,010 total→ Class A Common Stock (313,127 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F4][F3]2026-04-15−45,125→ 496,379 total→ Class A Common Stock (45,125 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F5][F3]2026-04-15−110,521→ 1,657,825 total→ Class A Common Stock (110,521 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]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 event on July 15, 2024, subject to the reporting person's continued service to the Issuer on each vesting date.
- [F3]These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
- [F4]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 event on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
- [F5]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 event 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