This cluster is routine and non-informative. The $304K in open-market sales is immaterial relative to the $912M market cap, and the concurrent derivative exercises/tax-withholding transactions on July 15 point to a scheduled vesting event. No bearish read-through. Monitor next quarterly earnings for any fundamental changes.
Price Chart
Executive Summary
Three Nextdoor insiders sold a total of $304K in open-market shares over a one-week window, including the General Counsel, President of Products, and Chief Accounting Officer. The CEO exercised large derivative positions but only surrendered shares for tax withholding, not selling. At $912M market cap, the $304K in sales is 0.03% of market cap — well below the 0.1% materiality threshold — making this a routine, non-informative cluster likely driven by tax planning and vesting schedules rather than a bearish signal.
Key Financial Metrics
Key Facts
- Three insiders sold $304K in open-market shares over 7 days
- CEO Nirav Tolia exercised 937K+ derivative shares but only surrendered shares for tax withholding (no open-market sales)
- Total open-market sales represent ~0.03% of $912M market cap
- General Counsel Schwartz sold $131K, President of Products Lisowski sold $150K, CAO How sold $23K
- Multiple derivative exercises and tax-withholding transactions on July 15 suggest a vesting event drove the activity
Financial Impact
Open-market sales of $304K represent 0.03% of market cap — trivial
Risk Factors
- Insider sales could accelerate if fundamentals deteriorate
- Social media ad revenue headwinds remain a sector-wide risk
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-1784355176974 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Insider Cluster | $2.48 | awaiting T+20 | — | $2.37 (−4.64%) |
Oct 19, 2026 6d ago | Insider Cluster | $2.56 | awaiting T+20 | — | $2.37 (−7.62%) |
Sep 25, 2026 4w ago | 8-K | $2.42 | awaiting T+20 | — | $2.37 (−2.27%) |
Sep 24, 2026 4w ago | 144 | $2.51 $2.43 | ▼ −3.19% | ▼ −1.71% | $2.37 (−5.78%) |
Sep 24, 2026 4w ago | Insider Cluster | $2.51 $2.43 | ▼ −3.19% | ▼ −1.71% | $2.37 (−5.78%) |
Aug 25, 2026 8w ago | Insider Cluster | $2.29 $2.42 | ▲ +5.68% | ▲ +5.53% | $2.37 (+3.28%) |
Jul 20, 2026 13w ago | Insider Cluster | $2.39 $2.47 | ▲ +3.35% | ▲ +0.79% | $2.37 (−1.05%) |
Jul 17, 2026 14w ago | Insider Cluster | $2.43 $2.52 | ▲ +3.70% | ▼ −0.42% | $2.37 (−2.67%) |
Jul 17, 2026 14w ago | Insider Cluster | $2.43 $2.52 | ▲ +3.70% | ▼ −0.42% | $2.37 (−2.67%) |
Apr 20, 2026 26w ago | DEFA14A | $1.54 $2.08 | ▲ +35.06% | ▲ +30.15% | $2.37 (+53.57%) |
US Market Status
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