Nextdoor Holdings, Inc.: 10% owner Tolia Nirav N exercised 468,773 shares

What happened

• Tolia Nirav N, a 10% owner, exercised or converted a total of 468,773 derivative shares (three separate exercises) on Oct 15, 2026. The exercised shares show an acquisition price of $0.00. The filing shows 184,465 shares were disposed to cover payment of exercise price or tax liabilities at $2.60 per share, totaling $479,610. The filing also reports corresponding derivative disposals of 468,773 shares at $0.00.

Key details

• Transaction date: Oct 15, 2026.
• Exercise/conversion (code M): 313,126 shares, 45,126 shares, and 110,521 shares acquired at $0.00 (total 468,773 shares).
• Tax withholding/payment (code F): 123,216 shares, 17,758 shares, and 43,491 shares disposed at $2.60 per share for a total of $479,610 (total 184,465 shares).
• Derivative disposals reported (code M, listed as derivative): 313,126 shares, 45,126 shares, and 110,521 shares disposed at $0.00 (total 468,773 shares).
• Shares owned after the transaction: not reported in the filing.
• Footnotes in the filing: F1 notes each restricted stock unit (RSU) represents a contingent right to one share; F2–F5 describe quarterly vesting schedules with initial vesting dates on Jul 15, 2024; Apr 15, 2025; and Apr 15, 2026; and F3 states RSUs do not expire.
• Filing date: Oct 19, 2026. The filing does not indicate a late filing.

Why it may matter

• The filing shows exercise or conversion of derivative awards and shares withheld to satisfy tax liabilities (tax withholding/payment). This reflects shares being surrendered to cover taxes rather than a straightforward open‑market sale.
• As a 10% owner, the reporting person is a large holder, not an executive.
• This filing does not show why the insider traded or why the company acted.