John Orta - Feb 8, 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: Feb 8, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/10/2022, 03:26 PM
Previous filing: Feb 1, 2022
Next filing: Mar 29, 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	+51.2K	+9.98%	$0.00	564K	Feb 8, 2022	Class A Common Stock	51.2K		Direct	F1, F2
transaction	KIND	Stock Option (Right to Buy)	Options Exercise	$0	-51.2K	-22.97%	$0.00	172K	Feb 8, 2022	Class B Common Stock	51.2K	$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.