Director Pressman Jason converted options into 5,000,000 shares, disposed of 6,039,242 shares and acquired 1,289,601 shares (SEC Form 4)
$KIND
Computer Software: Programming Data Processing
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Nextdoor Holdings, Inc. [ KIND ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/08/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock | 08/08/2024 | C | 5,000,000 | A | $0 | 5,000,000 | I | By Shasta Ventures II, L.P.(1) | ||
| Class A Common Stock | 08/08/2024 | J(2) | 5,000,000 | D | (2) | 0 | I | By Shasta Ventures II, L.P.(1) | ||
| Class A Common Stock | 08/08/2024 | J(3) | 1,064,870 | A | (3) | 1,109,870 | I | By Shasta Ventures II GP, LLC(4) | ||
| Class A Common Stock | 08/08/2024 | J(5) | 1,039,242 | D | (5) | 70,628 | I | By Shasta Ventures II GP, LLC(4) | ||
| Class A Common Stock | 08/08/2024 | J(6) | 224,731 | A | (6) | 770,901 | I | By Trust(7) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Class B Common Stock | $0(8) | 08/08/2024 | C | 5,000,000 | (8) | (8) | Class A Common Stock | 5,000,000 | $0(8) | 13,360,232 | I | By Shasta Ventures II, L.P.(1) | |||
| Explanation of Responses: |
| 1. The shares are held directly by Shasta Ventures II, L.P ("Shasta Ventures II"). Shasta Ventures II GP, LLC ("SVII GP") is the general partner of Shasta Ventures II. Voting and dispositive decisions with respect to the shares held by Shasta Ventures II are made collectively by the managing members of SVII GP, including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any. |
| 2. The reported transaction represents a pro rata in-kind distribution without consideration by Shasta Ventures II to its partners. The distribution was made in accordance with the exemptions afforded pursuant to Rules 16a-13 and/or 16a-9 promulgated under the Securities Exchange Act of 1934, as amended. |
| 3. Represents the receipt of shares pursuant to the distribution described in footnote (2). |
| 4. The shares are held directly by SVII GP. Voting and dispositive decisions with respect to the shares held by SVII GP are made collectively by the managing members of SVII GP, including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any. |
| 5. The transaction represents a pro rata in-kind distribution without consideration by SVII GP to its members. The distribution was made in accordance with the exemptions afforded pursuant to Rules 16a-13 and/or 16a-9 promulgated under the Securities Exchange Act of 1934, as amended. |
| 6. Represents the receipt of shares pursuant to the distribution described in footnote (5). |
| 7. The shares are held by a trust of which the reporting person is the trustee. |
| 8. 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 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). |
| Remarks: |
| /s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person | 08/12/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||