Item 1. Security and Issuer
This Schedule 13D (this Schedule 13D) relates to the Class A Common Stock, $0.0001 par value (the Class A Common Stock), of
Nextdoor Holdings, Inc., a Delaware Corporation (the Issuer). The principal executive offices of the Issuer are located at 420 Taylor Street, San Francisco, CA 94102.
Item 2. Identity and Background
(a)-(b) Each of the
following is hereinafter individually referred to as a Reporting Person and collectively as the Reporting Persons. This statement is filed on behalf of BOND Capital Fund, LP, a Delaware limited partnership, BOND Capital
Founders Fund, LP, a Delaware limited partnership (together, the BOND Funds) and Bond Capital Associates, LLC, a Delaware limited liability company.
The address of the principal business office of each of the Reporting Persons is 100 The Embarcadero, San Francisco, California 94105.
Information regarding each managing member of BOND Capital Associates, LLC. is set forth on Schedule I attached hereto, which is incorporated herein by
reference.
(c) The principal business of each of the Bond Funds is investing in securities.
The principal business of BOND Capital Associates, LLC is performing the functions of, and serving as, the general partner (or similar position) of the Bond
Funds and certain affiliated funds.
(d) During the last five years, none of the Reporting Persons or, to the best knowledge of the Reporting Persons, any
of the other persons set forth on Schedule I attached hereto, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons or, to the best knowledge of the Reporting Persons, any of the other persons set forth on
Schedule I attached hereto, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) See Item 2(a)-(b) above for citizenship or place of organization, as applicable, of each of the Reporting Persons.
Item 3. Source and Amount of Funds or Other Consideration
All of the shares of Class A Common Stock reported herein as beneficially owned by the Reporting Persons are issuable upon conversion of shares of
Class B Common Stock, par value $0.0001 par value of the Issuer (the Class B Common Stock) that were acquired pursuant to the Agreement and Plan of Merger, dated July 6, 2021, as amended on September 30, 2021, by and
among Nextdoor, Inc., a Delaware corporation (Old Nextdoor), Khosla Ventures Acquisition Co. II, a Delaware corporation (KVSB), and Lorelei Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of KVSB
(Merger Sub). The transactions contemplated by the Merger Agreement closed on November 5, 2021 (the Closing Date). Pursuant to the terms of the Merger Agreement, a merger of Old Nextdoor and KVSB was effected by the
merger of Merger Sub with and into Old Nextdoor, with Old Nextdoor surviving the merger as a wholly owned subsidiary of KVSB (the Merger, and, collectively with the other transactions described in the Merger Agreement, the Business
Combination). Following the consummation of the Merger on the Closing Date, KVSB changed its name from Khosla Ventures Acquisition Co. II to Nextdoor Holdings, Inc.
As a result of the Merger and upon the Closing Date, among other things, each share of Old Nextdoor common stock that was issued and outstanding immediately
prior to the effective time of the Merger, after giving effect to the conversion of all shares of Old Nextdoor preferred stock into shares of Old Nextdoor common stock immediately prior to the effective time (with certain exceptions) was canceled
and converted into the right to receive a number of shares of New Nextdoor Class B Common Stock equal to the Exchange Ratio (as defined in the Merger Agreement) multiplied by the number of shares of Old Nextdoor common stock held by such holder
immediately prior to the effective time.
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