Schwartz Sophia 4/A
4/A · Nextdoor Holdings, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) GC Sophia Schwartz Receives Equity Awards
What Happened
- Sophia Schwartz, General Counsel and Secretary of Nextdoor Holdings (NXDR), received two equity awards on March 5, 2026: 471,559 performance stock units (PSUs) and 471,559 restricted stock units (RSUs). Each award is reported at $0.00 per share (a grant/award, not a purchase).
- The PSUs are contingent on meeting escalating stock‑price performance targets and continued service; they may vest between 0% and 200% of the stated amount depending on performance. The RSUs are service‑based and vest on a fixed schedule.
Key Details
- Transaction date: March 5, 2026 (reported on an amended Form 4 filed March 20, 2026 that corrects the performance period and PSU expiration).
- Award amounts: 471,559 PSUs and 471,559 RSUs (total reported units: 943,118). Price: $0.00 (award/grant).
- PSU terms: Performance period March 5, 2026 – January 15, 2030; vesting annually in four installments on January 15 (first vesting possible Jan 15, 2027); payout 0–200% based on achievement; PSUs expire/forfeit Jan 15, 2030 if performance = 0% (as amended).
- RSU terms: Vest in 16 equal quarterly installments over four years (April, July, October, January), beginning April 15, 2026; RSUs do not expire prior to vesting.
- Shares owned after the transaction: not reported in the provided filing details.
- Filing status: This is an amended Form 4 correcting the beginning of the PSU performance period and the PSU expiration date; the filing date (Mar 20) is later than the transaction date (Mar 5).
Context
- These are derivative/award grants (code A) — not open‑market purchases or sales — so they reflect compensation/retention arrangements rather than direct market bets by the insider.
- PSUs are performance‑contingent: actual shares received could be higher or lower (0–200%) depending on achievement of the stated performance targets.
Insider Transaction Report
Form 4/AAmended
Schwartz Sophia
General Counsel and Secretary
Transactions
- Award
Performance Stock Units (PSU)
[F1][F2][F3]2026-03-05+471,559→ 471,559 totalExp: 2030-01-15→ Class A Common Stock (471,559 underlying) - Award
Restricted Stock Units (RSU)
[F4][F5][F6]2026-03-05+471,559→ 471,559 total→ Class A Common Stock (471,559 underlying)
Footnotes (6)
- [F1]The performance stock units ("PSUs") represent a contingent right to receive shares 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 through the later of: (i) the date such achievement is certified. or (ii) the scheduled vesting date. The number of shares that will vest, if any, is contingent on achievement of the relevant Performance Targets (defined below), with the potential for the reporting person to earn a number of shares between 0% and 200% of the numbers reflected in the row above. The grant details reported in the row above represent the number of shares that may vest and be earned based on achievement of all Performance Targets at 100%.
- [F2]The PSU award is subject to a service-based vesting schedule and performance criteria relating to the achievement of four escalating stock price targets (the "Performance Targets") during a performance period beginning on March 5, 2026 and ending January 15, 2030 (the "Performance Period"). Subject to achievement of the relevant Performance Target and the Reporting Person's continued service to the Issuer through the applicable vesting date, the award shall vest annually in four installments on the 15th calendar day of January, with the first tranche capable of vesting on January 15, 2027.
- [F3]To the extent the relevant performance criteria are not achieved (i.e., achieved at 0%), the PSUs comprising this award will expire and be forfeited on January 15, 2030.
- [F4]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject only to continued service to the Issuer, as described in footnote 5 below.
- [F5]The RSU award vests in sixteen ratable quarterly installments over four years on the 15th calendar day of April, July, October and January, with the first such vesting event on April 15, 2026, subject to the reporting person's continued service to the Issuer on each vesting date.
- [F6]These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
Signature
/s/ Noah Johnson, as Attorney-in-Fact for Reporting Person|2026-03-20