Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)*
Nextdoor Holdings, Inc.
(Name of Issuer)
Class A common stock, $0.0001 par value per share
(Title of Class of Securities)
65345M 108
(CUSIP Number)
Donald A. Sullivan
2550 Sand Hill Road, Suite 200
Menlo Park, CA 94025
(781) 622-2200
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 19, 2022
(Date of Event Which Requires Filing of Statement on Schedule 13D)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), checking the following box. ☐
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(1) |
Name of Reporting Persons:
Greylock Discovery Fund LLC | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
WC | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
8,490 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
8,490 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
8,490 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
0.01% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
PN |
(1) | Consists of 8,490 shares of Class B common stock, par value $0.0001 per share (Class B Common Stock) of the Issuer held directly by Greylock Discovery Fund LLC. The rights of the holders of Class A common stock, par value $0.0001 per share (Class A Common Stock) and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the Exchange Act), the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
(1) |
Name of Reporting Persons:
Greylock XIII Limited Partnership | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
WC and AF | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
18,879,878 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
18,879,878 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
18,879,878 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
10.95% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
PN |
(1) | Consists of 18,871,388 shares of Class B Common Stock of the Issuer held directly by Greylock XIII Limited Partnership and 8,490 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund LLC. Greylock XIII Limited Partnership is the majority member of Greylock Discovery Fund LLC and may be deemed to beneficially own the shares of stock held directly by Greylock Discovery Fund LLC. The rights of the holders of Class A Common Stock and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
(1) |
Name of Reporting Persons:
Greylock XIII-A Limited Partnership | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
WC | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
1,698,985 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
1,698,985 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
1,698,985 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
1.09% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
PN |
(1) | Consists of 1,698,985 shares of Class B Common Stock of the Issuer held directly by Greylock XIII-A Limited Partnership. The rights of the holders of Class A Common Stock and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
(1) |
Name of Reporting Persons:
Greylock XIII GP LLC | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
AF | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
20,578,863 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
20,578,863 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
20,578,863 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): p>
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
11.82% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
PN |
(1) | Consists of 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership, 1,698,985 shares of Class B Common Stock held directly by Greylock XIII-A Limited Partnership and 8,490 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund LLC. Greylock XIII GP LLC is the general partner of Greylock XIII Limited Partnership and Greylock XIII-A Limited Partnership, and may be deemed to beneficially own the shares of stock held directly by Greylock XIII Limited Partnership, Greylock XIII-A Limited Partnership and Greylock Discovery Fund LLC. The rights of the holders of Class A Common Stock and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
(1) |
Name of Reporting Persons:
Greylock Discovery Fund II LLC | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
WC | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
14,661 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
14,661 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
14,661 (1) | |||||
(12) | A0;Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
0.01% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
PN |
(1) | Consists of 14,661 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund II LLC. The rights of the holders of Class A Common Stock and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
(1) |
Name of Reporting Persons:
Greylock XIV GP LLC | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
AF | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
14,661 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
14,661 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
14,661 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
0.01% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
PN |
(1) | Consists of 14,661 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund II LLC. Greylock XIV GP LLC is the general partner of Greylock XIV Limited Partnership, the majority member of Greylock Discovery Fund II LLC, and may be deemed to beneficially own the shares of stock held directly by Greylock Discovery Fund II LLC. The rights of the holders of Class A Common Stock and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
(1) |
Name of Reporting Persons:
Greylock 16 Limited Partnership | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
WC | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
10,917,514 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
10,917,514 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
10,917,514 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | A0; Percent of Class Represented by Amount in Row (11):
7.11% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
PN |
(1) | Consists of 10,917,514 shares of Class A Common Stock of the Issuer held directly by Greylock 16 Limited Partnership. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022 (as reported in the Issuers Quarterly Report on Form 10-Q as filed by the Issuer with the SEC on August 9, 2022). |
(1) |
Name of Reporting Persons:
Greylock 16-A Limited Partnership | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
WC | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
388,179 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
388,179 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
388,179 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
0.25% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
PN |
(1) | Consists of 388,179 shares of Class A Common Stock of the Issuer held directly by Greylock 16-A Limited Partnership. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022 (as reported in the Issuers Quarterly Report on Form 10-Q as filed by the Issuer with the SEC on August 9, 2022). |
(1) |
Name of Reporting Persons:
Greylock 16 Principals Limited Partnership | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
WC | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
824,879 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
824,879 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
824,879 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
0.54% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
PN |
(1) | Consists of 824,879 shares of Class A Common Stock of the Issuer held directly by Greylock 16 Principals Limited Partnership. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022 (as reported in the Issuers Quarterly Report on Form 10-Q as filed by the Issuer with the SEC on August 9, 2022). |
(1) |
Name of Reporting Persons:
Greylock 16 GP LLC | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
AF | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
12,130,572 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
12,130,572 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
12,130,572 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
7.90% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
PN |
(1) | Consists of 10,917,514 shares of Class A Common Stock held directly by Greylock 16 Limited Partnership, 388,179 shares of Class A Common Stock held directly by Greylock 16-A Limited Partnership and 824,879 shares of Class A Common Stock of the Issuer held directly by Greylock 16 Principals Limited Partnership. Greylock 16 GP LLC is the general partner of Greylock 16 Limited Partnership, Greylock 16-A Limited Partnership and Greylock Principals 16 Limited Partnership, and may be deemed to beneficially own the shares of stock held directly by Greylock 16 Limited Partnership, Greylock 16-A Limited Partnership and Greylock Principals 16 Limited Partnership. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022 (as reported in the Issuers Quarterly Report on Form 10-Q as filed by the Issuer with the SEC on August 9, 2022). |
(1) |
Name of Reporting Persons:
William W. Helman | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
AF | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
20,593,524 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
20,593,524 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
20,593,524 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
11.83% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
IN |
(1) | Consists of 8,490 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund LLC, 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership, 1,698,985 shares of Class B Common Stock held directly by Greylock XIII-A Limited Partnership, and 14,661 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund II LLC. Mr. Helman, as a managing member of Greylock XIII GP LLC and Greylock XIV GP LLC, may be deemed to beneficially own the shares of stock held directly by Greylock Discovery Fund LLC, Greylock XIII Limited Partnership, Greylock XIII-A Limited Partnership and Greylock Discovery Fund II LLC. The rights of the holders of Class A Common Stock and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
(1) |
Name of Reporting Persons:
Aneel Bhusri | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
AF | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
20,593,524 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
20,593,524 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
20,593,524 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
11.83% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
IN |
(1) | Consists of 8,490 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund LLC, 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership, 1,698,985 shares of Class B Common Stock held directly by Greylock XIII-A Limited Partnership, and 14,661 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund II LLC. Mr. Bhusri, as a managing member of Greylock XIII GP LLC and Greylock XIV GP LLC, may be deemed to beneficially own the shares of stock held directly by Greylock Discovery Fund LLC, Greylock XIII Limited Partnership, Greylock XIII-A Limited Partnership and Greylock Discovery Fund II LLC. The rights of the holders of Class A Common Stock and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
(1) |
Name of Reporting Persons:
Donald A. Sullivan | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
AF | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
20,593,524 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
20,593,524 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
20,593,524 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
11.83% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
IN |
(1) | Consists of 8,490 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund LLC, 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership, 1,698,985 shares of Class B Common Stock held directly by Greylock XIII-A Limited Partnership, and 14,661 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund II LLC. Mr. Sullivan, as a managing member of Greylock XIII GP LLC and Greylock XIV GP LLC, may be deemed to beneficially own the shares of stock held directly by Greylock Discovery Fund LLC, Greylock XIII Limited Partnership, Greylock XIII-A Limited Partnership and Greylock Discovery Fund II LLC. The rights of the holders of Class A Common Stock and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
(1) |
Name of Reporting Persons:
David Sze | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
AF | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
20,593,524 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
20,593,524 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
20,593,524 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
11.83% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
IN |
(1) | Consists of 8,490 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund LLC, 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership, 1,698,985 shares of Class B Common Stock held directly by Greylock XIII-A Limited Partnership, and 14,661 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund II LLC. Mr. Sze, as a managing member of Greylock XIII GP LLC and Greylock XIV GP LLC, may be deemed to beneficially own the shares of stock held directly by Greylock Discovery Fund LLC, Greylock XIII Limited Partnership, Greylock XIII-A Limited Partnership and Greylock Discovery Fund II LLC. The rights of the holders of Class A Common Stock and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
(1) |
Name of Reporting Persons:
Reid Hoffman | |||||
(2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☒
| |||||
(3) | SEC Use Only:
| |||||
(4) | Source of Funds (See Instructions):
AF | |||||
(5) | Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
☐ | |||||
(6) | Citizenship or Place of Organization:
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
(7) | Sole Voting Power
0 | ||||
(8) | Shared Voting Power
14,661 (1) | |||||
(9) | Sole Dispositive Power
0 | |||||
(10) | Shared Dispositive Power
14,661 (1) |
(11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
14,661 (1) | |||||
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
☐ | |||||
(13) | Percent of Class Represented by Amount in Row (11):
0.01% (2) | |||||
(14) | Type of Reporting Person (See Instructions):
IN |
(1) | Consists of 14,661 shares of Class B Common Stock of the Issuer held directly by Greylock Discovery Fund II LLC. Mr. Hoffman, as a managing member of Greylock XIV GP LLC, may be deemed to beneficially own the shares of stock held directly by Greylock Discovery Fund II LLC. The rights of the holders of Class A Common Stock and Class B Common Stock are generally identical, except with respect to voting and conversion. Each share of Class A Common Stock is entitled to one vote per share. Each share of Class B Common Stock is entitled to ten votes per share and is convertible at the election of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock upon the occurrence of certain events as set forth in the Issuers certificate of incorporation. |
(2) | Pursuant to Rule 13d-3 of the Exchange Act, the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act). |
ITEM 1. | SECURITY AND ISSUER |
This Amendment No. 3 (this Amendment) amends and supplements the Schedule 13D (as amended from time to time, the Schedule 13D) originally filed by the Reporting Person on November 15, 2021, with respect to the Class A common stock, $0.0001 par value per share (the Cl ass A Common Stock), of Nextdoor Holdings, Inc. (the Issuer). The Issuer also has Class B common stock, $0.0001 par value per share (the Class B Common Stock and together with the Class A Common Stock, the Common Stock), issued and outstanding, which stock is convertible on a one-for-one basis into shares of Class A Common Stock at the election of the holder and automatically upon the occurrence of certain events described in the Issuers certificate of incorporation. The address of the principal executive offices of the Issuer is 420 Taylor Street, San Francisco, California 94102. Other than as set forth below, all Items in the Schedule 13D are materially unchanged. Capitalized terms used in this Schedule 13D Amendment which are not defined herein have the meanings given to them in the Schedule 13D.
ITEM 3. | SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION |
Item 3 of the Schedule 13D is hereby amended and restated as follows:
The information set forth or incorporated by reference in Item 6 of this statement is incorporated by reference into this Item 3.
As described in Item 6 of this Statement, 20,593,524 of the securities reported on this Statement reflect the consummation of the Merger (as defined below) contemplated by the Merger Agreement (as defined below) and the transactions consummated in connection therewith.
12,130,572 of the securities reported on this Statement were purchased for an aggregate of approximately $39,579,636.33, using funds from working capital.
ITEM 5. | INTEREST IN SECURITIES OF THE ISSUER |
Item 5 of the Schedule 13D is hereby amended and restated as follows:
(a)-(b) The information set forth in rows 7 through 13 of the cover pages to this Schedule 13D is incorporated by reference. Pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the Exchange Act), the percent of class was calculated based on (i) 153,514,732 shares of Class A Common Stock outstanding as of August 5, 2022, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2022, and (ii) the shares of Class B Common Stock of the Issuer beneficially owned by the Reporting Person (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the Reporting Person pursuant to the Exchange Act).
Greylock Discovery Fund directly owns 8,490 shares of Class B Common Stock, which represents approximately 0.01% of the outstanding Common Stock.
Greylock XIII Limited Partnership owns 18,879,878 shares of Class B Common Stock, consisting of (i) 8,490 shares of Class B Common Stock held directly by Greylock Discovery Fund and (ii) 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership, which represents approximately 10.95% of the outstanding Common Stock. Greylock XIII Limited Partnership is the majority member of Greylock Discovery Fund LLC and may be deemed to beneficially own the shares of stock held directly by Greylock Discovery Fund LLC.
Greylock XIII-A Limited Partnership directly owns 1,698,985 shares of Class B Common Stock, which represents approximately 1.09% of the outstanding Common Stock.
Greylock XIII GP LLC owns 20,578,863 shares of Class B Common Stock, consisting of (i) 8,490 shares of Class B Common Stock held directly by Greylock Discovery Fund, (ii) 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership and (iii) 1,698,985 shares of Class B Common Stock held directly by Greylock XIII-A Limited Partnership, which represents approximately 11.82% of the outstanding Common Stock. Greylock XIII GP LLC is the general partner of Greylock XIII Limited Partnership and Greylock XIII-A Limited
Partnership, and may be deemed to beneficially own the shares of stock held directly by Greylock Discovery Fund LLC, Greylock XIII Limited Partnership and Greylock XIII-A Limited Partnership.
Greylock Discovery Fund II directly owns 14,661 shares of Class B Common Stock, which represents approximately 0.01% of the outstanding Common Stock.
Greylock XIV GP LLC owns 14,661 shares of Class B Common Stock, consisting of 14,661 shares of Class B Common Stock held directly by Greylock Discovery Fund II LLC, which represents approximately 0.01% of the outstanding Common Stock. Greylock XIV GP LLC is the general partner of Greylock XIV Limited Partnership, the majority member of Greylock Discovery Fund II LLC, and may be deemed to beneficially own the shares of stock held directly by Greylock Discovery Fund II LLC.
Mr. Helman, as a managing member of Greylock XIII GP LLC and Greylock XIV GP LLC, may be deemed to beneficially own 8,490 shares of Class B Common Stock held directly by Greylock Discovery Fund LLC, 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership, 1,698,985 shares of Class B Common Stock held directly by Greylock XIII-A Limited Partnership and 14,661 shares of Class B Common Stock held directly by Greylock Discovery Fund II LLC.
Mr. Bhusri, as a managing member of Greylock XIII GP LLC and Greylock XIV GP LLC, may be deemed to beneficially own 8,490 shares of Class B Common Stock held directly by Greylock Discovery Fund LLC, 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership, 1,698,985 shares of Class B Common Stock held directly by Greylock XIII-A Limited Partnership and 14,661 shares of Class B Common Stock held directly by Greylock Discovery Fund II LLC.
Mr. Sullivan, as a managing member of Greylock XIII GP LLC and Greylock XIV GP LLC, may be deemed to beneficially own 8,490 shares of Class B Common Stock held directly by Greylock Discovery Fund LLC, 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership, 1,698,985 shares of Class B Common Stock held directly by Greylock XIII-A Limited Partnership and 14,661 shares of Class B Common Stock held directly by Greylock Discovery Fund II LLC.
Mr. Sze, as a managing member of Greylock XIII GP LLC and Greylock XIV GP LLC, may be deemed to beneficially own 8,490 shares of Class B Common Stock held directly by Greylock Discovery Fund LLC, 18,871,388 shares of Class B Common Stock held directly by Greylock XIII Limited Partnership, 1,698,985 shares of Class B Common Stock held directly by Greylock XIII-A Limited Partnership and 14,661 shares of Class B Common Stock held directly by Greylock Discovery Fund II LLC.
Mr. Hoffman, as a managing member of Greylock XIV GP LLC, may be deemed to beneficially own 14,661 shares of Class B Common Stock held directly by Greylock Discovery Fund II LLC.
Greylock 16 Limited Partnership directly owns 10,917,514 shares of Class A Common Stock, which represents approximately 7.11% of the outstanding Common Stock.
Greylock 16-A Limited Partnership directly owns 388,179 shares of Class A Common Stock, which represents approximately 0.25% of the outstanding Common Stock.
Greylock 16 Principals Limited Partnership directly owns 824,879 shares of Class A Common Stock, which represents approximately 0.54% of the outstanding Common Stock.
Greylock 16 GP LLC owns 12,130,572 shares of Class A Common Stock, consisting of (i) 10,917,514 shares of Class A Common Stock held directly by Greylock 16 Limited Partnership, (ii) 388,179 shares of Class A Common Stock held directly by Greylock 16-A Limited Partnership, and (iii) 824,879 shares of Class A Common Stock held directly by Greylock 16 Principals Limited Partnership, which represents approximately 6.47% of the outstanding Common Stock. Greylock 16 GP LLC is the general partner of Greylock 16 Limited Partnership, Greylock 16-A Limited Partnership and Greylock 16 Principals Limited Partnership, and may be deemed to beneficially own the shares of stock held directly by Greylock 16 Limited Partnership, Greylock 16-A Limited Partnership and Greylock 16 Principals Limited Partnership.
(c) Information concerning transactions in the shares of Common Stock effected within the last 60 days by the Reporting Persons is set forth in Annex I of this Schedule 13D.
(d) Except as described herein, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities covered by this statement.
(e) Not applicable
ITEM 7. | MATERIAL TO BE FILED AS EXHIBITS |
Exhibit 1 | Joint Filing Agreement (filed herewith). |
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct.
Dated: August 23, 2022
GREYLOCK DISCOVERY FUND LLC | ||
By: | Greylock XIII Limited Partnership | |
By: | Greylock XIII GP LLC, its General Partner | |
By: | /s/ Donald A. Sullivan | |
By: Donald A. Sullivan | ||
Administrative Partner |
GREYLOCK XIII GP LLC | ||||
By: | /s/ Aneel Bhusri | |||
Aneel Bhusri, Managing Member | ||||
By: | /s/ William W. Helman | |||
William W. Helman, Managing Member | ||||
By: | /s/ Donald A. Sullivan | |||
Donald A. Sullivan, Managing Member | ||||
By: | /s/ David Sze | |||
David Sze, Managing Member | ||||
GREYLOCK XIII LIMITED PARTNERSHIP | ||||
By: | Greylock XIII GP LLC | |||
General Partner | ||||
By: | /s/ Aneel Bhusri | |||
Aneel Bhusri, Managing Member | ||||
By: | /s/ William W. Helman | |||
William W. Helman, Managing Member | ||||
By: | /s/ Donald A. Sullivan | |||
Donald A. Sullivan, Managing Member | ||||
By: | /s/ David Sze | |||
David Sze, Managing Member |
GREYLOCK XIII-A LIMITED PARTNERSHIP | ||||||
By: | Greylock XIII GP LLC | |||||
General Partner | ||||||
By: | /s/ Aneel Bhusri | |||||
Aneel Bhusri, Managing Member | ||||||
By: | /s/ William W. Helman | |||||
William W. Helman, Managing Member | ||||||
By: | /s/ Donald A. Sullivan | |||||
Donald A. Sullivan, Managing Member | ||||||
By: | /s/ David Sze | |||||
David Sze, Managing Member | ||||||
GREYLOCK DISCOVERY FUND II LLC | ||||||
By: | Greylock XIV Limited Partnership | |||||
By: | Greylock XIV GP LLC, its General Partner | |||||
By: | /s/ Donald A. Sullivan | |||||
By: Donald A. Sullivan | ||||||
Administrative Partner | ||||||
GREYLOCK XIV GP LLC | ||||||
By: | /s/ Aneel Bhusri | |||||
Aneel Bhusri, Managing Member | ||||||
By: | /s/ William W. Helman | |||||
William W. Helman, Managing Member | ||||||
By: | /s/ Donald A. Sullivan | |||||
Donald A. Sullivan, Managing Member | ||||||
By: | /s/ David Sze | |||||
David Sze, Managing Member | ||||||
By: | /s/ Reid Hoffman | |||||
Reid Hoffman, Managing Member |
/s/ William W. Helman | ||
William W. Helman | ||
/s/ Aneel Bhusri | ||
Aneel Bhusri | ||
/s/ Donald A. Sullivan | ||
Donald A. Sullivan | ||
/s/ David Sze | ||
David Sze | ||
/s/ Reid Hoffman | ||
Reid Hoffman | ||
GREYLOCK 16 LIMITED PARTNERSHIP GREYLOCK 16-A LIMITED PARTNERSHIP GREYLOCK 16 PRINCIPALS LIMITED PARTNERSHIP | ||
By: | Greylock 16 GP LLC, its General Partner | |
By: | /s/ Donald A. Sullivan | |
Donald A. Sullivan | ||
Administrative Partner |