GURLEY J WILLIAM 4

What Happened

• Bill Gurley, listed as a 10% owner of Nextdoor Holdings (NXDR), reported the conversion/exercise of a derivative award on 2026-06-30. The filing shows 6,536 shares acquired via exercise/conversion of a derivative (coded M) at $0.00 per share, and a corresponding derivative disposition of 6,536 units also at $0.00. No cash changed hands — this reflects RSU conversion/settlement rather than a market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form filed: 2026-07-02 (reporting period 2026-06-30).
• Shares involved: 6,536 shares reported acquired and 6,536 reported as a derivative disposition; price per share reported $0.00.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1–F3 state these were restricted stock units (RSUs) where each RSU converts to one share upon vesting, vesting in quarterly tranches (including June 30, 2026), and RSUs do not expire.
• Filing timeliness: No late-filing indicator shown in the provided data.

Context

• This filing documents conversion/settlement of RSUs (service‑based restricted awards) rather than an open‑market buy or sale. RSU conversions commonly show $0.00 per share because they vest into shares rather than being purchased.
• As a 10% owner, Gurley’s activity is reported under beneficial ownership rules; such transactions are disclosure events and should not be read as direct market sentiment.