The dollar amount is too small to signal anything about the business. Monitor the next 10-Q for revenue and user growth trends — insider sales at this scale are noise. No trade recommendation.
Price Chart
Executive Summary
Two Nextdoor insiders — the Chief Revenue Officer and Chief Legal Officer — sold a combined $273K in open-market sales over a one-week window. The CRO's $266K sale is the dominant trade, representing ~0.03% of market cap, which is well below the 0.1% materiality threshold for insider sales. This is a routine, low-conviction cluster driven likely by tax planning or 10b5-1 plan execution, not a bearish signal.
Key Financial Metrics
Key Facts
- Chief Revenue Officer Michael Kiernan sold 111,559 shares at $2.3872 for $266,314 on 2026-08-21
- Chief Legal Officer Sophia Schwartz sold 2,500 shares at $2.51 for $6,275 on 2026-08-17
- Total cluster value of $273K represents ~0.03% of Nextdoor's $917M market cap
- Both sales were open-market (Code S) — no derivative exercises or tax-withholding events
Financial Impact
$273K in insider sales, ~0.03% of market cap — trivial relative to company size
Risk Factors
- Insider sales could accelerate if the stock rallies, but current volume is immaterial
- No fundamental catalyst identified — the cluster is not predictive of near-term stock movement
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NXDR-1787728554286 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Insider Cluster | $2.48 | awaiting T+20 | — | $2.40 (−3.40%) |
Oct 19, 2026 6d ago | Insider Cluster | $2.56 | awaiting T+20 | — | $2.40 (−6.41%) |
Sep 25, 2026 4w ago | 8-K | $2.42 | awaiting T+20 | — | $2.40 (−1.00%) |
Sep 24, 2026 4w ago | 144 | $2.51 $2.43 | ▼ −3.19% | ▼ −1.71% | $2.40 (−4.55%) |
Sep 24, 2026 4w ago | Insider Cluster | $2.51 $2.43 | ▼ −3.19% | ▼ −1.71% | $2.40 (−4.55%) |
Aug 25, 2026 8w ago | Insider Cluster | $2.29 $2.42 | ▲ +5.68% | ▲ +5.53% | $2.40 (+4.62%) |
Jul 20, 2026 13w ago | Insider Cluster | $2.39 $2.47 | ▲ +3.35% | ▲ +0.79% | $2.40 (+0.24%) |
Jul 17, 2026 14w ago | Insider Cluster | $2.43 $2.52 | ▲ +3.70% | ▼ −0.42% | $2.40 (−1.41%) |
Jul 17, 2026 14w ago | Insider Cluster | $2.43 $2.52 | ▲ +3.70% | ▼ −0.42% | $2.40 (−1.41%) |
Apr 20, 2026 26w ago | DEFA14A | $1.54 $2.08 | ▲ +35.06% | ▲ +30.15% | $2.40 (+55.57%) |
US Market Status
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