secwatch.observer — SEC 8-K summary
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Issuer:     Nextdoor Holdings, Inc. (NXDR)
CIK:        0001846069
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001846069-24-000041
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nextdoor leadership transition: co-founder Nirav Tolia to return as CEO; preliminary Q4 revenue $56M above guidance
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- Nirav Tolia, co-founder, to become CEO, President and Chair; Sarah Friar steps down with orderly transition in Q2 2024.
- Preliminary Q4 revenue $56M, above guidance of $50-52M; WAU 41.8M (+5% YoY).
- Board approved $150M increase to share repurchase authorization (total $250M); ~$77M executed to date.
- Cash, equivalents and marketable securities $531M as of Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846069/000184606924000041/0001846069-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846069/000184606924000041/kind-20240223.htm
  HTML page:      https://secwatch.observer/filing/0001846069-24-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer