ARK Investment Management Updates Nextdoor Stake to 3.0%

TL;DR

**ARK Investment Management now owns 3.0% of Nextdoor as of Dec 31, 2023.**

AI Summary

ARK Investment Management LLC, a Delaware-based investment firm, filed an amendment to its SC 13G filing for Nextdoor Holdings, Inc. on January 29, 2024. As of December 31, 2023, ARK Investment Management LLC beneficially owns 10,787,494 shares of Nextdoor's Class A common stock, representing 3.0% of the company. This filing indicates a change in their ownership stake, which is important for investors as it shows a significant institutional investor's updated position in Nextdoor.

Why It Matters

This filing reveals ARK Investment Management's updated ownership in Nextdoor, signaling their current conviction in the stock and potentially influencing other investors' perceptions.

Risk Assessment

Risk Level: low — This filing is a routine update of an institutional investor's holdings and does not inherently present significant new risks.

Analyst Insight

Investors should note ARK Investment Management's updated 3.0% stake in Nextdoor as of December 31, 2023, and consider if this aligns with their own investment thesis for the company.

Key Numbers

• 10,787,494 — Shares Owned (Total shares of Nextdoor Class A common stock beneficially owned by ARK Investment Management LLC.)
• 3.0% — Ownership Percentage (The percentage of Nextdoor's Class A common stock owned by ARK Investment Management LLC.)
• December 31, 2023 — Reporting Date (The date as of which the ownership stake is reported in the filing.)

Key Players & Entities

• ARK Investment Management LLC (company) — the reporting person, an investment firm
• Nextdoor Holdings, Inc. (company) — the subject company, issuer of the stock
• 10,787,494 (dollar_amount) — shares beneficially owned by ARK Investment Management LLC
• 3.0% (dollar_amount) — percentage of Nextdoor's Class A common stock owned by ARK Investment Management LLC
• December 31, 2023 (date) — the date of the event requiring this filing

Forward-Looking Statements

• ARK Investment Management LLC will continue to hold a significant stake in Nextdoor Holdings, Inc. (ARK Investment Management LLC) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.0001 — (Name of Issuer) Class A common stock, $0.0001 par value per share (Title of Class o

Filing Documents

• tm244117d18_sc13ga.htm (SC 13G/A) — 54KB
• 0001104659-24-007688.txt ( ) — 56KB

(a) Name of issuer

Item 1(a) Name of issuer: Nextdoor Holdings, Inc.

(b) Address of issuer's

Item 1(b) Address of issuer's principal executive offices: 420 Taylor Street, San Francisco, California, 94012

(a) Name of person filing

Item 2(a) Name of person filing: ARK Investment Management LLC

(b) Address or principal

Item 2(b) Address or principal business office or, if none, residence: ARK Investment Management LLC 200 Central Avenue St. Petersburg, FL 33701

(c) Citizenship

Item 2(c) Citizenship: Delaware, United States

(d) Title of class of

Item 2(d) Title of class of securities: Class A common stock, $0.0001 par value per share

(e) CUSIP No

Item 2(e) CUSIP No.: 65345M108

If this statement is filed

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ CUSIP No. 65345M108 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership (a) Amount beneficially owned: 10,787,494 (b) Percent of class: 5.92% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 10,787,494 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 10,787,494 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of 5 Percent or

Item 5. Ownership of 5 Percent or Less of a Class. Not applicable.

Ownership

Item 6. Ownership of More than 5 Percent on Behalf of Another Person. To the knowledge of the Reporting Person, 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, a number of the shares which represents more than five percent of the number of outstanding class of the shares. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.

Identification

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 65345M108 13G Page 5 of 5 Pages

Certifications

Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. SIGNATURE 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. The reporting persons agree that this statement is filed on behalf of each of them. Dated: January 29, 2024 ARK Investment Management LLC By: /s/ Kellen Carter Name: Kellen Carter Title: Chief Compliance Officer

View Full Filing

View this SC 13G/A filing on SEC EDGAR