Nextdoor Q4 revenue $56M (+4% YoY); CEO Sarah Friar resigns, founder Nirav Tolia returns as CEO

Nextdoor Holdings, Inc.

Q4 revenue $56M (+4% YoY); WAU 41.8M (+5% YoY); ARPU $1.33 flat YoY; session depth +36% YoY.
Q1 2024 revenue guided $50–51M; adjusted EBITDA loss ~$20M; FY 2024 revenue growth to exceed 3%.
CEO Sarah Friar resigns effective May 8, 2024; founder Nirav Tolia appointed CEO, President, Chair from March 18.
Tolia receives $500K base salary, $20M in equity (RSUs + performance-based PSUs) with stock price targets.
Board authorizes $150M increase to share repurchase program; expects to limit dilution in 2024.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Nirav Tolia

Chief Executive Officer, President, and Chairperson of the Board

NXDR · Nextdoor Holdings, Inc.

Effective: 2024-05-08
Filed: February 27, 2024, 6:59 PM ET

the Board appointed Nirav Tolia as the Company’s Chief Executive Officer, President, and Chairperson of the Board, effective as of the Transition Date

Departed

Sarah Friar

Chief Executive Officer, President, and Chairperson of the Board

NXDR · Nextdoor Holdings, Inc.

Effective: 2024-05-08
Successor: Nirav Tolia
Filed: February 27, 2024, 6:59 PM ET

Sarah Friar will resign from her position as the Chief Executive Officer, and President and Chairperson of the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nirav Tolia was appointed as Chief Executive Officer, President, and Chairperson of the Board at Nextdoor Holdings, Inc..

Action: appointed
Role: Chief Executive Officer, President, and Chairperson of the Board

Exact text from the filing

the Board appointed Nirav Tolia as the Company’s Chief Executive Officer, President, and Chairperson of the Board, effective as of the Transition Date

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sarah Friar departed as Chief Executive Officer, President, and Chairperson of the Board at Nextdoor Holdings, Inc..

Action: resign
Role: Chief Executive Officer, President, and Chairperson of the Board

Exact text from the filing

Sarah Friar will resign from her position as the Chief Executive Officer, and President and Chairperson of the Board

View on SEC.gov

Nextdoor Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001846069-24-000045

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