Christopher Varelas - Aug 19, 2022 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role: Director
Signature: /s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person
Stock symbol: KIND
Transactions as of: Aug 19, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/23/2022, 04:16 PM
Previous filing: Nov 9, 2021
Next filing: Sep 6, 2023

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	Stock Option (Right to buy)	Award	$0	+24.6K		$0.00	24.6K	Aug 19, 2022	Class A Common Stock	24.6K	$3.34	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock options vest as to 1/12 of the total award on each monthly anniversary following June 16, 2022, subject to the reporting person's continued service to the Company on each applicable vesting date.
F2	These securities are held by Mr. Varelas for the benefit of one or more entities affiliated with Riverwood Capital GP II Ltd. (collectively, "Riverwood"). Mr. Varelas is obligated to transfer the underlying shares upon exercise and settlement of the stock options or any proceeds from the sale thereof as directed by Riverwood. Mr. Varelas disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities by Mr. Varelas for purposes of Section 16 or any other purposes.

Content

The stock options vest as to 1/12 of the total award on each monthly anniversary following June 16, 2022, subject to the reporting person's continued service to the Company on each applicable vesting date.

These securities are held by Mr. Varelas for the benefit of one or more entities affiliated with Riverwood Capital GP II Ltd. (collectively, "Riverwood"). Mr. Varelas is obligated to transfer the underlying shares upon exercise and settlement of the stock options or any proceeds from the sale thereof as directed by Riverwood. Mr. Varelas disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities by Mr. Varelas for purposes of Section 16 or any other purposes.