Sarah Friar - Dec 31, 2022 Form 5 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role: CEO and President, Director, 10%+ Owner
Signature: /s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person
Stock symbol: KIND
Transactions as of: Dec 31, 2022
Transactions value $: $0
Form type: 5
Date filed: 2/10/2023, 03:12 PM
Previous filing: Oct 4, 2022
Next filing: Mar 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	Class B Common Stock	Gift	$0	+95.7K	+0.89%	$0.00	10.9M	Mar 3, 2022	Class A Common Stock	95.7K		Direct	F1
transaction	KIND	Class B Common Stock	Gift	$0	-95.7K	-3.62%	$0.00	2.55M	Mar 3, 2022	Class A Common Stock	95.7K		Sarah Friar 2019 NXTDR Grantor Retained Annuity Trust dated November 20, 2019	F1

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

Explanation of Responses:

Id	Content
F1	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.

Content

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.