GURLEY J WILLIAM 4

What Happened
Bill Gurley (reported as a 10% owner) executed derivative activity and received an RSU award for Nextdoor Holdings (NXDR) on 2026-06-09. The filing shows: conversion/exercise of 106,707 derivative units (acquired at $0.00) and a corresponding disposition of 106,707 derivative units (reported at $0.00), plus receipt of a grant/award for 85,365 restricted stock units (RSUs) at $0.00. No cash changed hands according to the reported prices — these entries reflect conversion/award/vesting activity rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-09; Form 4 filed 2026-06-11 (appears timely).
• Reported items: 106,707 shares from exercise/conversion (M) at $0.00; 106,707 derivative disposition (M) at $0.00; 85,365 RSUs granted/awarded (A) at $0.00.
• Footnotes:
  • F1: Each RSU = contingent right to one share of Class A common stock.
  • F2/F3: The first RSU award vests on the earlier of the 2026 annual meeting or June 10, 2026 (subject to continued service); these RSUs do not expire.
  • F4: Another RSU award will vest on the earlier of the 2027 annual meeting or June 9, 2027 (subject to continued service).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: Transaction date 6/9/2026, filing date 6/11/2026 — within the typical two-business-day Form 4 window.

Context

• These entries represent derivative conversion and equity awards/vesting (RSUs), which are routine forms of insider compensation/settlement. The $0.00 prices indicate conversion/award terms rather than a market purchase or sale. As a reported 10% owner, Gurley’s activity is material to disclose but does not, by itself, indicate intent to buy or sell shares on the open market.