Ponnambalam Indrajit 4/A
4/A · Nextdoor Holdings, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Nextdoor (NXDR) CFO Indrajit Ponnambalam Receives PSU Award
What Happened
- Indrajit Ponnambalam, Chief Financial Officer and Treasurer of Nextdoor Holdings, was granted 1,554,806 performance stock units (PSUs) on March 5, 2026. The award is reported at $0.00 per unit (no cash paid); it is a derivative, contingent award that may convert to shares if performance and service conditions are met.
Key Details
- Transaction date: March 5, 2026; Form 4 filed (amended) March 20, 2026 to correct the performance period.
- Grant: 1,554,806 PSUs, reported as an acquisition (derivative) at $0.00.
- Vesting/Performance: Performance period begins March 5, 2026 and ends January 15, 2030. Vesting is subject to four escalating stock-price Performance Targets and continued service; award vests annually in four installments on January 15 (first possible vesting Jan 15, 2027).
- Payout range: Each PSU may pay out between 0% and 200% of the target units depending on performance; the reported amount reflects 100% achievement.
- Forfeiture: If performance is achieved at 0%, the PSUs expire and are forfeited on January 15, 2030.
- Shares owned after transaction: not specified in the filing.
- Filing status: This is an amended Form 4 that corrects the start of the performance period.
Context
- These PSUs are a compensation/retention award, not an immediate stock purchase or sale. They only become shares if performance targets and service conditions are met, so they do not represent an immediately tradable stake.
- Such awards are common for executives to align pay with long-term stock performance; they do not by themselves signal a short-term buy or sell decision.
Insider Transaction Report
Form 4/AAmended
Ponnambalam Indrajit
CFO and Treasurer
Transactions
- Award
Performance Stock Units (PSU)
[F1][F2][F3]2026-03-05+1,554,806→ 1,554,806 totalExp: 2030-01-15→ Class A Common Stock (1,554,806 underlying)
Footnotes (3)
- [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.
Signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person|2026-03-20