Tolia Nirav N 4
4 · Nextdoor Holdings, Inc. · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) 10% Owner Nirav Tolia Converts RSUs; Withholds 184K Shares
What Happened
Nirav N. Tolia (reported as a 10% owner) had restricted stock units (RSUs) convert into 468,773 shares of Nextdoor common stock on July 15, 2026. To satisfy tax withholding obligations, 184,464 of those shares were surrendered at $2.52 per share for a total value of $464,849. The net result was an increase of 284,309 shares retained by Tolia. These transactions were conversions/settlements of RSUs (transaction code M) with share withholding for taxes (code F), not open-market sales.
Key Details
- Transaction date: July 15, 2026; Form 4 filed July 17, 2026 (timely filing).
- RSUs converted (acquired): 468,773 shares (three conversion entries totaling 110,522 + 313,126 + 45,125).
- Shares withheld for taxes (disposed): 184,464 shares at $2.52/share = $464,849 (three withholding entries: 17,757; 43,491; 123,216).
- Net new shares retained by insider: 284,309 shares (468,773 − 184,464).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).
- Footnotes (high level): RSUs represent rights to one share each and vest quarterly over four years (various awards cited with first vesting dates in 2024, 2025 and 2026); some RSUs do not expire.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context
This was a routine RSU vesting/settlement with shares withheld for taxes (a cashless/net settlement), not an open-market sale or purchase — such withholdings are common and typically reflect tax obligations rather than a decision to sell stock. As a reported 10% owner, Tolia is a significant holder; these transactions reflect equity compensation settlement rather than a small investor trade.
Insider Transaction Report
- Tax Payment
Class A Common Stock
2026-07-15$2.52/sh−17,757$44,748→ 2,033,320 total - Exercise/Conversion
Class A Common Stock
2026-07-15+110,522→ 2,143,842 total - Tax Payment
Class A Common Stock
2026-07-15$2.52/sh−43,491$109,597→ 2,100,351 total - Exercise/Conversion
Class A Common Stock
2026-07-15+313,126→ 2,129,168 total - Tax Payment
Class A Common Stock
2026-07-15$2.52/sh−123,216$310,504→ 2,005,952 total - Exercise/Conversion
Class A Common Stock
2026-07-15+45,125→ 2,051,077 total - Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F2][F3]2026-07-15−313,126→ 2,191,884 total→ Class A Common Stock (313,126 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F4][F3]2026-07-15−45,125→ 451,254 total→ Class A Common Stock (45,125 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F5][F3]2026-07-15−110,522→ 1,547,303 total→ Class A Common Stock (110,522 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]The RSU award vests in equal quarterly installments over four years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on July 15, 2024, subject to the reporting person's continued service to the Issuer on each vesting date.
- [F3]These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
- [F4]The RSU award vests in equal quarterly installments over four years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
- [F5]The RSU award vests in equal quarterly installments over four years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on April 15, 2026, subject to the reporting person's continued service to the Issuer on each vesting date.