Michael Kiernan - Apr 9, 2025 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role: Chief Revenue Officer
Signature: /s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person
Stock symbol: KIND
Transactions as of: Apr 9, 2025
Transactions value $: $0
Form type: 4
Date filed: 4/11/2025, 04:01 PM
Previous filing: Mar 28, 2025
Next filing: Apr 17, 2025
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	+99.6K	+52.82%	$0.00	288K	Apr 9, 2025	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)	Options Exercise	$0	-99.6K	-100%	$0.00	0	Apr 9, 2025	Class B Common Stock	99.6K	$1.18	Direct	F1
transaction	KIND	Class B Common Stock	Options Exercise	$0	+99.6K		$0.00	99.6K	Apr 9, 2025	Class A Common Stock	99.6K		Direct	F2
transaction	KIND	Class B Common Stock	Conversion of derivative security	$0	-99.6K	-100%	$0.00	0	Apr 9, 2025	Class A Common Stock	99.6K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	The stock option award is fully vested and exercisable.
F2	Each share of Class B Common Stock is convertible into one share of Class A Common Stock of the Issuer at the election of the holder any time; provided; however, that each share of Class B Common Stock shall automatically be converted into Class A Common Stock on a one-for-one basis on the earlier of the: (i) tenth anniversary of the completion of the Business Combination or (ii) date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value (subject to certain exceptions).

Content

The stock option award is fully vested and exercisable.

Each share of Class B Common Stock is convertible into one share of Class A Common Stock of the Issuer at the election of the holder any time; provided; however, that each share of Class B Common Stock shall automatically be converted into Class A Common Stock on a one-for-one basis on the earlier of the: (i) tenth anniversary of the completion of the Business Combination or (ii) date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value (subject to certain exceptions).