The sales are small relative to market cap and follow a pattern of derivative exercise and immediate sale, consistent with tax planning or diversification. No 10b5-1 plan was indicated, but the dollar amount is too small to signal negative information. Monitor next quarterly filing for any change in insider selling patterns.
Price Chart
Executive Summary
Two Nextdoor insiders (Chief Legal Officer and Chief Accounting Officer) sold a combined $172K in open-market sales within a week. The CAO also exercised and converted derivative shares at $0 value, then sold the resulting shares. The total dollar value is 0.05% of the company's $326M market cap, falling below the 0.1% materiality threshold, indicating routine portfolio diversification rather than informed selling.
Key Financial Metrics
Key Facts
- Chief Legal Officer Sophia Schwartz sold 48,100 shares at $2.51 for $121K on 2026-10-16
- Chief Accounting Officer Antoinette How sold 20,700 shares at $2.49 for $52K on 2026-10-16
- CAO also exercised and converted derivative shares at $0 value on 2026-10-13, then sold the resulting shares
- Total cluster value of $172K represents 0.05% of Nextdoor's $326M market cap
- No open-market purchases were made by any insider in the cluster
Financial Impact
Total insider sales of $172K, representing 0.05% of market cap — immaterial relative to company size
Risk Factors
- Insider selling, while small, could indicate lack of confidence if it accelerates in future periods
- No insider buying to offset the selling signal
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NXDR-1792443492721 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Insider Cluster | $2.43 | awaiting T+20 | — | $2.42 (−0.41%) |
Oct 19, 2026 7d ago | Insider Cluster | $2.56 | awaiting T+20 | — | $2.42 (−5.47%) |
Sep 25, 2026 4w ago | 8-K | $2.42 $2.42 | · 0.00% | ▲ +0.03% | $2.42 (+0.00%) |
Sep 24, 2026 4w ago | 144 | $2.51 $2.43 | ▼ −3.19% | ▼ −1.71% | $2.42 (−3.59%) |
Sep 24, 2026 4w ago | Insider Cluster | $2.51 $2.43 | ▼ −3.19% | ▼ −1.71% | $2.42 (−3.59%) |
Aug 25, 2026 8w ago | Insider Cluster | $2.29 $2.42 | ▲ +5.68% | ▲ +5.53% | $2.42 (+5.68%) |
Jul 20, 2026 14w ago | Insider Cluster | $2.39 $2.47 | ▲ +3.35% | ▲ +0.79% | $2.42 (+1.26%) |
Jul 17, 2026 14w ago | Insider Cluster | $2.43 $2.52 | ▲ +3.70% | ▼ −0.42% | $2.42 (−0.41%) |
Jul 17, 2026 14w ago | Insider Cluster | $2.43 $2.52 | ▲ +3.70% | ▼ −0.42% | $2.42 (−0.41%) |
Apr 20, 2026 27w ago | DEFA14A | $1.54 $2.08 | ▲ +35.06% | ▲ +30.15% | $2.42 (+57.14%) |
US Market Status
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