secwatch.observer — SEC 8-K summary
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Issuer:     Nextdoor Holdings, Inc. (NXDR)
CIK:        0001846069
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001846069-24-000045
Event type: leadership
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846069/000184606924000045/0001846069-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846069/000184606924000045/kind-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001846069-24-000045

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