John Orta - Nov 9, 2023 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person
Stock symbol
KIND
Transactions as of
Nov 9, 2023
Transactions value $
-$3,475
Form type
4
Date filed
11/14/2023, 04:17 PM
Previous filing
Oct 12, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KIND Class A Common Stock Sale -$3.48K -2.5K -0.45% $1.39 549K Nov 10, 2023 Direct F1

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 +5.94K $0.00 5.94K Nov 9, 2023 Class A Common Stock 5.94K $1.44 Direct F2
transaction KIND Stock Option (Right to Buy) Award $0 +14.8K $0.00 14.8K Nov 9, 2023 Class A Common Stock 14.8K $1.44 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sale of shares made pursuant to and in accordance with the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, under a plan adopted by the Reporting Person on March 2, 2023.
F2 The award vests in full on December 1, 2024, subject to the reporting person's continued service to the Issuer on each vesting date.
F3 The award vests in full on December 1, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.