John Orta - 27 Jun 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
Issuer symbol: KIND
Transactions as of: 27 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 12 Jul 2022, 20:15:03 UTC
Previous filing: 29 Mar 2022
Next filing: 19 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KIND	Class A Common Stock	Conversion of derivative security	$0	+563,923		$0.000000	563,923	27 Jun 2022	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	Class B Common Stock	Conversion of derivative security	$0	-563,923	-100%	$0.000000^*	0	27 Jun 2022	Class A Common Stock	563,923		Direct	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.