Hohman Robert 4
4 · Nextdoor Holdings, Inc. · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) Director Robert Hohman Converts 60,975 RSUs
What Happened
Robert Hohman, a director of Nextdoor Holdings (NXDR), converted 60,975 restricted stock units (RSUs) into 60,975 shares of Class A common stock on May 1, 2026. The reported acquisition price was $0.00 (no cash paid); the filing also shows the corresponding derivative instrument was canceled/converted (reported as a disposition of a derivative at $0.00). This was not an open‑market purchase or sale of stock but the vesting/conversion of compensation awards.
Key Details
- Transaction date: 2026-05-01. Report filed with the SEC on 2026-05-11 (appears late vs. the usual 2-business-day Form 4 deadline).
- Amounts/prices: 60,975 shares acquired at $0.00; matching 60,975 derivative units disposed at $0.00. Transaction code M = exercise/conversion of a derivative.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1–F3 describe these instruments as RSUs (one RSU = one share upon vesting), vesting schedule was half on May 1, 2025 and the remaining half on May 1, 2026, and the RSUs do not expire.
- No indication shares were immediately sold (no cashless exercise or market sale reported).
Context
This is a routine conversion of vested RSUs into common shares as part of compensation/awards rather than an active buy or sell that signals a trading view. For retail investors, purchases can be more informative about insider sentiment; conversions/vestings generally reflect scheduled compensation vesting. The delayed filing reduces timeliness for investors monitoring insider activity.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-05-01+60,975→ 437,504 total - Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F2][F3]2026-05-01−60,975→ 0 total→ Class A Common Stock (60,975 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject only to continued service to the Issuer.
- [F2]The RSU award vests with respect to 1/2 of the shares subject to the RSU award on May 1, 2025 and with respect to the remaining 1/2 of the shares subject to the RSU award on May 1, 2026, in each case, subject to the reporting person's continued service to the Issuer through each such date.
- [F3]These RSUs do not expire; they either vest or are cancelled prior to the vesting date.