Tolia Nirav N 4

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.