John Orta - Jan 31, 2022 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role
Head of Legal and Secretary
Signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person
Stock symbol
KIND
Transactions as of
Jan 31, 2022
Transactions value $
$0
Form type
4
Date filed
2/1/2022, 04:58 PM
Previous filing
Nov 9, 2021
Next filing
Feb 10, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KIND Class B Common Stock Options Exercise $0 +53.4K +11.63% $0.00 513K Jan 31, 2022 Class A Common Stock 53.4K Direct F1, F2
transaction KIND Stock Option (Right to Buy) Options Exercise $0 -53.4K -19.34% $0.00 223K Jan 31, 2022 Class B Common Stock 53.4K $1.18 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's Class B Common Stock is convertible into one share of Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers.
F2 A holder's shares of the Issuer's Class B Common Stock convert automatically upon certain transfers. Additionally, all of the Issuer's Class B Common Stock will convert automatically into Class A Common Stock on a one-for-one basis upon the earlier of: (i) November 5, 2031; or (ii) the date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding.
F3 The award vests as to 1/48 of the total award monthly on the sixth (6th), subject to the reporting person's continued service to the Issuer on each vesting date.