Nirav N. Tolia - Mar 7, 2025 Form 4 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: Mar 7, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/11/2025, 04:02 PM
Previous filing: Jan 17, 2025
Next filing: Apr 17, 2025
SEC: View on sec.gov

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	Restricted Stock Units (RSU)	Award	$0	+722K		$0.00	722K	Mar 7, 2025	Class A Common Stock	722K		Direct	F1, F2, F3
transaction	KIND	Performance Stock Units (PSU)	Award	$0	+722K		$0.00	722K	Mar 7, 2025	Class A Common Stock	722K		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the reporting person's continued service to the Issuer on each vesting date.
F2	The RSU award vests in equal quarterly installments over four years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
F3	The RSUs do not expire; they either vest and settle or are canceled prior to the vesting date.
F4	Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the achievement of applicable performance criteria and the reporting person's continued service to the Issuer in the role of Chief Executive Officer or Executive Chair through the date such achievement is certified.
F5	Unless earlier terminated pursuant to, and subject to the terms of, the applicable equity agreement entered into between the reporting person and the Issuer (the "PSU Agreement"), the PSUs shall vest, in ratable tranches representing 25% of the total award, upon the certification of achievement of certain stock price targets for the Issuer's Class A Common Stock, measured with respect to certain performance periods more completely described in the PSU Agreement, with such measurement periods continuing over the four-year period beginning January 15, 2026 and ending January 15, 2030. In the event that any tranche does not vest by the end of the applicable performance measurement period, the PSU comprising such tranche shall be forfeited for no consideration.