Sze David L 4

What Happened

• David L. Sze, a director of Nextdoor Holdings, shows a conversion/exercise of derivative securities (code M) on June 30, 2026. The filing reports 6,536 derivative units acquired at an exercise price of $0.00 and a matching 6,536 derivative units disposed at $0.00. The filing’s footnotes identify these instruments as restricted stock units (RSUs) that convert to one share each upon vesting.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely).
• Security: RSUs converting to Nextdoor Class A common stock (derivative code M).
• Amount: 6,536 RSUs acquired and 6,536 RSUs disposed; exercise/ conversion price shown as $0.00 (no cash paid).
• Total reported cash value for the reported transactions: $0.
• Shares owned after transaction: not specified in the provided filing data.
• Relevant footnotes:
  • F1: Each RSU = contingent right to one share, subject to continued service.
  • F2: This award vests 1/4 on each of Mar 31, 2026; Jun 30, 2026; Sep 30, 2026; Dec 31, 2026.
  • F3: These RSUs do not expire; they vest or are cancelled before vesting.
• Transaction code meaning: M = exercise or conversion of derivative security (here, RSU settlement).

Context

• This filing documents conversion/settlement of RSUs upon vesting rather than an open-market buy or sale of underlying shares. The paired “acquired” and “disposed” derivative lines typically reflect the RSU instrument being settled or removed as it converts to stock; the filing does not show an open-market sale of the resulting shares.
• RSU conversions at $0 exercise price are common for vested awards (no purchase cash outlay). Such filings are administrative and do not by themselves indicate a change in the insider’s view of the company.