Nextdoor (NXDR) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held virtually on June 10, 2025, with voting on director elections, auditor ratification, and executive compensation approval.

• Key 2024 business highlights include 13% revenue growth to $247.3M, 8% increase in weekly active users, and improved operating leverage.

• The company ended 2024 with $427M in cash and no debt, repurchased 31M shares, and reduced fully diluted share count by 5%.

• The Nextdoor Foundation awarded over $350,000 in grants since 2022, supporting local communities and volunteer fire departments.

Voting matters and shareholder proposals

• Four Class I directors are up for election for three-year terms expiring in 2028.

• Ratification of Ernst & Young LLP as independent auditor for 2025 is proposed.

• Advisory vote on executive compensation (say-on-pay) is included.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of ten members, with 90% independence; 40% identify as diverse, 30% as female.

• Board is divided into three staggered classes; annual self-evaluations are conducted.

• Committees: Audit and Risk, Compensation and People Development, Nominating/Corporate Governance/Responsibility—all composed of independent directors.

• Lead independent director role is established when CEO and Chair are the same person.

• Stock ownership guidelines for executives and directors were adopted in 2024.