Tolia Nirav N 4

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.