Sze David L 4

What Happened

• David L. Sze, a director of Nextdoor Holdings, was granted 26,143 restricted stock units (RSUs) on March 16, 2026. The grant is reported as a derivative award at $0.00 per share (no cash paid at grant).
• These RSUs represent a contingent right to receive one share of Nextdoor Class A common stock per RSU upon vesting; the grant itself is neither a purchase nor a sale.

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-18 (within the standard two-business-day reporting window).
• Award size & price: 26,143 RSUs granted, reported at $0.00 per RSU (no immediate cash consideration).
• Vesting: 1/4 vests on each of March 31, 2026; June 30, 2026; September 30, 2026; and December 31, 2026, subject to continued service.
• RSU terms: These RSUs do not expire; they either vest or are cancelled before the vesting date.
• Shares owned after transaction: Not specified in this filing.
• Filing timeliness: Reported promptly (filed two days after the grant date).

Context

• RSUs are long-term compensation that convert into actual shares only when they vest; they are common for directors and do not reflect an immediate purchase or sale of stock.
• The grant has no immediate monetary value on the filing; the eventual value will equal the market price of Nextdoor shares when each tranche vests.