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, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ) *
Nextdoor Holdings, Inc.
(Name of Issuer)
Class A common stock, $0.0001 par value
(Title of Class of Securities)
65345M108
(CUSIP Number)
November 5, 2021
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in 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).
CUSIP No. 65345M108
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13G
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| 1. | Names
of Reporting Persons | |||||
| 2. | Check the Appropriate Box if a Member of a Group (see instructions)
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|||||
| (a) ¨ | ||||||
| (b) x (1) | ||||||
| 3. | SEC USE ONLY
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| 4. | Citizenship or Place of Organization Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power 0 | ||||
| 6. | Shared Voting Power 4,281,549 (2) | |||||
| 7. | Sole Dispositive Power 0 | |||||
| 8. | Shared Dispositive Power 4,281,549 (2) | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 4,281,549 (2) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
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¨ | ||||
| 11. | Percent of Class Represented by Amount in Row 9 1.1% of Common Stock (5.1% of Class A Common Stock) (3)(4) | |||||
| 12. | Type of Reporting Person (see instructions) PN | |||||
| (1) | This statement on Schedule 13G is filed by Redpoint Omega II, L.P. (“RO II”), Redpoint Omega Associates II, LLC (“ROA II”) and Redpoint Omega II, LLC (“RO II LLC,” together with RO II and ROA II, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. | |
| (2) | Consists of (i) 4,153,101 shares of Class B Common Stock held by RO II, which may be converted into Class A Common Stock at a 1:1 ratio at the option of the Reporting Persons, and (ii) 128,448 shares of Class B Common Stock held by ROA II, which may be converted into Class A Common Stock at a 1:1 ratio at the option of the Reporting Persons. RO II LLC serves as the sole general partner of RO II and the managers of RO II LLC commonly control ROA II. As such, RO II LLC possesses power to direct the voting and disposition of the shares owned by RO II and ROA II and may be deemed to have indirect beneficial ownership of the shares held by RO II and ROA II. RO II LLC owns no securities of the Issuer directly. The information with respect to the ownership of ordinary shares by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2021. | |
| (3) | Calculations of the percentage of the shares of Class A common stock beneficially owned is based on 78,953,663 shares of Class A common stock outstanding as of November 5, 2021, as disclosed in the Current Report on Form 8-K filed by the Issuer on November 12, 2021, plus the number of shares of the Issuer’s Class B Common Stock beneficially owned by the Reporting Person, which are treated as converted into Class A Common Stock only for the purpose of computing the Class A Common Stock beneficial ownership percentage of the Reporting Person. | |
| (4) | Calculations of the percentage of total common stock beneficially owned is based on the total 382,957,639 shares of combined Class A and Class B common stock outstanding as of November 5, 2021. |
| Page 2 |
| CUSIP No. 65345M108 | 13G
|
|||||
| 1. | Names
of Reporting Persons | |||||
| 2. | Check the Appropriate Box if a Member of a Group (see instructions)
|
|||||
| (a) ¨ | ||||||
| (b) x (1) | ||||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power 0 | ||||
| 6. | Shared Voting Power 4,281,549 (2) | |||||
| 7. | Sole Dispositive Power 0 | |||||
| 8. | Shared Dispositive Power 4,281,549 (2) | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 4,281,549 (2) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
|
¨ | ||||
| 11. | Percent of Class Represented by Amount in Row 9 1.1% of Common Stock (5.1% of Class A Common Stock) (3)(4) | |||||
| 12. | Type of Reporting Person (see instructions) OO | |||||
| (1) | This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. | |
| (2) | Consists of (i) 4,153,101 shares of Class B Common Stock held by RO II, which may be converted into Class A Common Stock at a 1:1 ratio at the option of the Reporting Persons, and (ii) 128,448 shares of Class B Common Stock held by ROA II, which may be converted into Class A Common Stock at a 1:1 ratio at the option of the Reporting Persons. RO II LLC serves as the sole general partner of RO II and the managers of RO II LLC commonly control ROA II. As such, RO II LLC possesses power to direct the voting and disposition of the shares owned by RO II and ROA II and may be deemed to have indirect beneficial ownership of the shares held by RO II and ROA II. RO II LLC owns no securities of the Issuer directly. The information with respect to the ownership of ordinary shares by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2021. | |
| (3) | Calculations of the percentage of the shares of Class A common stock beneficially owned is based on 78,953,663 shares of Class A common stock outstanding as of November 5, 2021, as disclosed in the Current Report on Form 8-K filed by the Issuer on November 12, 2021, plus the number of shares of the Issuer’s Class B Common Stock beneficially owned by the Reporting Person, which are treated as converted into Class A Common Stock only for the purpose of computing the Class A Common Stock beneficial ownership percentage of the Reporting Person. | |
| (4) | Calculations of the percentage of total common stock beneficially owned is based on the total 382,957,639 shares of combined Class A and Class B common stock outstanding as of November 5, 2021. |
| Page 3 |
| CUSIP No. 65345M108 | 13G
|
|||||
| 1. | Names of Reporting Persons
| |||||
| 2. | Check the Appropriate Box if a Member of a Group (see instructions)
|
|||||
| (a) ¨ | ||||||
| (b) x (1) | ||||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power 0 | ||||
| 6. | Shared Voting Power 4,281,549 (2) | |||||
| 7. | Sole Dispositive Power 0 | |||||
| 8. | Shared Dispositive Power 4,281,549 (2) | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 4,281,549 (2) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
|
¨ | ||||
| 11. | Percent of Class Represented by Amount in Row 9 1.1% of Common Stock (5.1% of Class A Common Stock) (3)(4) | |||||
| 12. | Type of Reporting Person (see instructions) OO | |||||
| (1) | This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. | |
| (2) | Consists of (i) 4,153,101 shares of Class B Common Stock held by RO II, which may be converted into Class A Common Stock at a 1:1 ratio at the option of the Reporting Persons, and (ii) 128,448 shares of Class B Common Stock held by ROA II, which may be converted into Class A Common Stock at a 1:1 ratio at the option of the Reporting Persons. RO II LLC serves as the sole general partner of RO II and the managers of RO II LLC commonly control ROA II. As such, RO II LLC possesses power to direct the voting and disposition of the shares owned by RO II and ROA II and may be deemed to have indirect beneficial ownership of the shares held by RO II and ROA II. RO II LLC owns no securities of the Issuer directly. The information with respect to the ownership of ordinary shares by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2021. | |
| (3) | Calculations of the percentage of the shares of Class A common stock beneficially owned is based on 78,953,663 shares of Class A common stock outstanding as of November 5, 2021, as disclosed in the Current Report on Form 8-K filed by the Issuer on November 12, 2021, plus the number of shares of the Issuer’s Class B Common Stock beneficially owned by the Reporting Person, which are treated as converted into Class A Common Stock only for the purpose of computing the Class A Common Stock beneficial ownership percentage of the Reporting Person. | |
| (4) | Calculations of the percentage of total common stock beneficially owned is based on the total 382,957,639 shares of combined Class A and Class B common stock outstanding as of November 5, 2021. |
| Page 4 |
Introductory Note: This statement on Schedule 13G is being filed by the Reporting Persons in respect of Class A Common Stock of Nextdoor Holdings, Inc. (the “Issuer”).
| Item 1(a). | Name of Issuer: |
Nextdoor Holdings, Inc.
| Item 1(b). | Address of Issuer’s Principal Executive Officers: |
420 Taylor Street
San Francisco, CA 94102
| Item 2(a). | Name of Person(s) Filing: |
Redpoint Omega II, L.P. (“RO II”)
Redpoint Omega Associates II, LLC (“ROA II”)
Redpoint Omega II, LLC (“RO II LLC”)
| Item 2(b). | Address of Principal Business Office: |
Redpoint Ventures
2969 Woodside Road
Woodside, California 94062
| Item 2(c). | Citizenship: |
RO II is a Delaware limited partnership
ROA II is a Delaware limited liability company
RO II LLC is a Delaware limited liability company
| Item 2(d). | Title of Class of Securities: |
Class A Common Stock
| Item 2(e). | CUSIP Number: |
65345M108
| Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
Not applicable.
| Item 4(a). | Amount Beneficially Owned: |
| Item 4(b). | Percent of Class: |
| Page 5 |
| Item 4(c). | Number of shares as to which such persons have: |
The following information with respect to the ownership of Class A Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2021:
| Reporting Persons | Class A Common Stock Held Directly (1) | Class B Common Stock Held Directly (1) | Shared Voting Power (1) | Shared Dispositive Power (1) | Beneficial Ownership (1) | Percentage of Class (1)(3)(4) | ||||||||||||||||
| RO II | 0 | 4,153,101 | 4,281,549 | 4,281,549 | 4,281,549 | 1.1% of Common Stock (5.1% of Class A Common Stock) | ||||||||||||||||
| ROA II | 0 | 128,448 | 4,281,549 | 4,281,549 | 4,281,549 | 1.1% of Common Stock (5.1% of Class A Common Stock) | ||||||||||||||||
| RO II LLC (2) | 0 | 0 | 4,281,549 | 4,281,549 | 4,281,549 | 1.1% of Common Stock (5.1% of Class A Common Stock) | ||||||||||||||||
| (1) | Represents the number of shares beneficially owned by the Reporting Persons as of December 31, 2021. |
| (2) | RO II LLC serves as the sole general partner of RO II and the managers of RO II LLC commonly control ROA II. As such, RO II LLC possesses power to direct the voting and disposition of the shares owned by RO II and ROA II and may be deemed to have indirect beneficial ownership of the shares held by RO II and ROA II. RO II LLC owns no securities of the Issuer directly. |
| (3) | Calculations of the percentage of the shares of Class A common stock beneficially owned is based on 78,953,663 shares of Class A common stock outstanding as of November 5, 2021, as disclosed in the Current Report on Form 8-K filed by the Issuer on November 12, 2021, plus the number of shares of the Issuer’s Class B Common Stock beneficially owned by the Reporting Person, which are treated as converted into Class A Common Stock only for the purpose of computing the Class A Common Stock beneficial ownership percentage of the Reporting Person. |
| (4) | Calculations of the percentage of total common stock beneficially owned is based on the total 382,957,639 shares of combined Class A and Class B common stock outstanding as of November 5, 2021. |
| Item 5. | Ownership of Five Percent or Less of a Class: |
If this statement is being filed to report the fact that as of the date hereof, the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ¨
| Item 6. | Ownership of More Than Five Percent on Behalf of Another Person: |
Not applicable.
| Item 7. | Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company: |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group: |
Not applicable.
| Item 9. | Notice of Dissolution of Group: |
Not applicable.
| Item 10. | Certification: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
| Page 6 |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 14, 2022
| REDPOINT OMEGA II, L.P. | ||
| By its General Partner, Redpoint Omega II, LLC | ||
| By: | /s/ Satish Dharmaraj | |
| Satish Dharmaraj | ||
| Manager | ||
| REDPOINT OMEGA ASSOCIATES II, LLC | ||
| By: | /s/ Satish Dharmaraj | |
| Satish Dharmaraj | ||
| Manager | ||
| REDPOINT OMEGA II, LLC | ||
| By: | /s/ Satish Dharmaraj | |
| Satish Dharmaraj | ||
| Manager | ||
| Exhibit(s): | 99.1: Joint Filing Statement |
| Page 7 |