Nextdoor Holdings: chief revenue officer Kiernan Michael exercised 92,631 shares

What happened

• Kiernan Michael, chief revenue officer, exercised or converted derivative awards on Oct 15, 2026, acquiring 65,000 shares and 27,631 shares at $0.00 (total 92,631 shares).
• The filing shows payment of exercise price or tax liability by disposing 30,036 shares at $2.60 for $78,094 and 15,280 shares at $2.60 for $39,728 (total $117,822).
• The filing also lists dispositions of derivative interests of 65,000 shares and 27,631 shares at $0.00 (derivative transactions).

Key details

• Transaction date(s) and price(s): Oct 15, 2026; acquisitions at $0.00 (codes M), tax-withholding dispositions at $2.60 (code F).
• Shares acquired: 92,631; shares disposed for tax withholding: 45,316; derivative dispositions reported: 92,631.
• Shares owned after the transaction: not stated in the provided filing information.
• Relevant footnotes from the filing: RSUs represent a contingent right to one share (F1); one RSU award vests in eight equal quarterly installments beginning Apr 15, 2025 (F2); RSUs do not expire and are either vested or cancelled (F3); another RSU award vests in equal quarterly installments over four years beginning Apr 15, 2026 (F4).
• Filing date: Oct 19, 2026; transaction reported Oct 15, 2026 (filing date is within two business days of the transaction date per the filing).

Why it may matter

• The filing shows exercised or converted derivative awards and that shares were withheld or disposed to satisfy tax liabilities (a form of cashless withholding rather than an open-market sale).
  A filing does not show why the insider traded or why the company acted.