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                                   EIA Registry:

Verified Stakeholder Repository & Digital Filing System

Official Filing Entity: Ehrlich Institutional Agentics (EIA)

Subject Issuer: Nextdoor Holdings, Inc. (NYSE: $NXDR)

Registry Status: Active

Executive Summary of the EIA's Mandate

This registry serves as the official digital archive for Ehrlich Institutional Agentics. The primary objective is to monitor and facilitate the strategic transition of Nextdoor Holdings, Inc. from a legacy social network into a critical Geospatial Utility and Agentic-AI Powerhouse.

Core Strategic Objectives:

• Share Repurchase Advocacy: EIA continues to advocate for the aggressive execution of the remaining $97M buyback authorization to maximize shareholder concentration and leverage the current valuation floor.
• Path to Profitability: EIA is tracking the FY 2026 Adjusted EBITDA breakeven target. Operational discipline is being spearheaded by the newly appointed CFO, Indrajit Ponnambalam (effective December 1, 2025).
• Agentic AI Utility Thesis: Validation of high-frequency data moats, including the USGS Earthquake Alert and Waze Traffic integrations, as foundational elements for autonomous local intelligence.

$NXDR Institutional Audit:

Ownership: 

67.24%High concentration indicates a "squeezed float" potential as supply tightens.

Cash Position:

 $403MProvides a robust liquidity "safety floor" of approximately $1.05 per share.

Debt Profile:

Zero Debt:  Eliminates insolvency risk during the high-growth pivot phase.

IEQ Capital, LLC:

9.7M Shares Major position increase (+4,285%) reinforces institutional conviction.

Strategic Milestone Tracker

• [2025-12-19]: Official integration of USGS Earthquake Alerts, expanding the platform’s utility as mission-critical life-safety infrastructure.
• [2026-01-15]: Major quarterly RSU vesting and conversion events; internal leadership retains significant direct ownership despite standard tax-related sales.
• [2026-Q1]: Expected update on the $97M buyback execution and 10b5-1 scheduling during the upcoming February earnings cycle.

Institutional Whale Tracker (Moves >100K Shares)

$NXDR is currently trading near its Intrinsic Value, creating a consolidated base for institutional accumulation.

• Momentum Pivot: The short-term moving average breached the $2.00 level on December 9, 2025.

• Consolidation Range: The equity has demonstrated resilience between $1.87 and $2.10 throughout January 2026, maintaining support near the long-term average.

• Supportive Floor: Technical indicators identify a critical volume-weighted support zone at $1.91 - $1.94, serving as a buffer for the current valuation.

Legal Disclosure:

Ehrlich Institutional Agentics is an independent research firm. This registry is for informational and stewardship purposes only. EIA is not affiliated with, sponsored by, or endorsed by Nextdoor Holdings, Inc. Investing involves risk; users should conduct independent due diligence.

 Post Date: January 22, 2026

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• Source: NXDR SEC Filing (Q3 2025)

• Data: **$403M Cash** / Zero Debt ($1.05 per share).
• Principal's Note: This $1.05 floor is a zero-risk asset the market is currently ignoring. EIA is taking the lead on capturing this arbitrage through the $97M buyback. Sitting on this liquidity during a massive valuation gap is a failure of fiscal discipline.

• Source: Simply Wall St Valuation Report (Dec 27, 2025)

• Data: Intrinsic Fair Value of $3.47.
• Principal's Note: Independent math indicates the equity is trading at a 38.3% discount to its fundamental worth. EIA's active oversight is focused on closing this gap. Every dollar used for buybacks today acquires $1.00 of value for roughly $0.62.
• 
  

• Source: Craig-Hallum Analyst Research (NXDR)

• Data: Buy Rating / $4.00 Price Target.
• Principal's Note: Institutional research confirms that as the $100M NEXDR Model is enforced and the buyback reduces share count, the path to $4.00 and beyond is fundamentally supported.

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The December 2025 "Master Mandate" Registry Entry

              Observation Title: Validation of the Geospatial Identity Graph 

              Date: December 29, 2025

• Market Dislocation:  IEQ Capital, LLC’s 4,285.5% increase in its $NXDR position size during the Q3 2025 reporting period validates the EIA (Ehrlich Institutional Agentics) model. By adding 9,495,114 shares to their existing holdings, they reached a total of 9,716,677 shares, targeting the same $400M+ cash floor and 'dislocated valuation' that we identified in the original Master Mandate. This accumulation is validated by IEQ Capital, LLC’s Q3 2025 13F filing. 

• The "Jackson" Catalyst: The recent 45% jump (reaching year-to-date highs) proves that the market is finally pricing $NXDR as a data utility rather than a social network.

• Share Repurchase Trigger:  Nextdoor is sitting on $403M in cash. The $97M remaining in the repurchase authorization is the "coiled spring" for 2026.

• Portfolio Status: Our position of 313,471 shares at a $3.279 basis is now "in the green" per notable analysts such as Mark Mahaney of Evercore ISI, who has     consistently highlighted the platform's untapped monetization potential; and Tom Forte, who has noted the massive valuation gap between the $1.05/share cash floor and the company's true intrinsic value as a data-rich utility. 

EIA Stakeholder Position: VERIFICATION of ($NXDR) Shares

Ehrlich Institutional Agentics (EIA) hereby provides substantiation of its core holdings in Nextdoor Holdings, Inc. ($NXDR) pursuant to SEC Regulations.

Shares Held by JP Morgan Chase Bank: 218,471 Shares

Posted in the VERIFICATION TAB of this "White Paper" (the 3rd Top Tab from the Right-hand side) are screenshots of EIA's core holdings. This specific verification refers to the Chase "Private Client" digital monitor dated Sunday, January 11, 2026, at 12:14 PM PT. The data confirms that 218,471 shares of ($NXDR) are currently held in good standing.

CRITICAL DATA: There is NO MARGIN taken against this core holding.

Valuation Thesis and Market Outlook

Ehrlich Institutional Agentics (EIA), operating via EhrlichAgentics.com, maintains the firm position that ($NXDR) is currently trading at its Intrinsic Fair Value. This valuation represents a significant discount relative to the platform’s projected utility and its transition into a Geospatial Agentic-AI Powerhouse.

• Bullish Stance: EIA is VERY Bullish and is NOT SELLING.

• Float Compression: Following the trend of Hedge Funds accumulating ($NXDR) at an accelerated rate, EIA is of the opinion that the available float is compressing to a critical threshold.

• The Squeeze Catalyst: The current market structure suggests that any positive catalyst—whether from the Board, Earnings calls, Analyst upgrades, or advocacy from Mr. Eric Jackson—will trigger a "MAJOR FLOAT SQUEEZE," leading to parabolic price action.

EIA GA UPDATE: 1-28-26 TELEMETRY SYNC: 1,971.4% VERTICAL ENGAGEMENT SPIKE [01.27 vs 01.20] // 537.0% PERIOD GROWTH // 930 VALIDATED EVENTS // 72 ACTIONS PER STAKEHOLDER. 

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EIA Technical Thesis & Mandate:

As a premier, top-rated, Google-indexed "NXDR 100 X Research Hub" with a rare 98/100 SEO optimization score, Ehrlich Institutional Agentics (EIA) maintains a high-conviction 313,471 share position in Nextdoor Holdings, Inc. ($NXDR). Deploying a Capital Rotation strategy from a 30-year Real Estate development legacy, EIA identifies $NXDR as the definitive digital conversion of physical property's RE Commerce via the preeminent Agentic-AI Architecture to unlock Addressable Marketplace Liquidity across its $2Trillion Marketplace.

The thesis is anchored by Unifying Network Effects, a Deterministic Zero-Bot Identity Graph, and a stair-step trajectory toward EBITDA breakeven in 2026. This asymmetric exponential growth opportunity is modeled as a Power Law Case with a target valuation of $374. EIA advocates for the $97M share repurchase program to exploit valuation dislocation and catalyze a High-Fidelity Proximity Squeeze. This System of Intelligence pivot is exclusive to $NXDR's RE dataset and is the newest unassailable Tranche of this Category Definition called the Geospatial AI Gateway which is clearly supported by net-zero margin debt for absolute structural stability. All statements contained herein are EIA’s opinions only.

SEC DISCLOSURE: 

This presentation is for informational and strategic assessment purposes only. The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy any securities, including but not limited to $NXDR. This communication is not intended as financial, legal, tax, or investment advice. Stakeholders in $NXDR and the author have a direct or indirect financial interest in the assets discussed, which presents a potential conflict of interest. Invest wisely and never invest more than you can afford to lose. All projections are "forward-looking statements" and involve inherent market risks.

Past performance is not indicative of future results. No regulatory body, including the U.S. Securities and Exchange Commission (SEC), has passed upon the merits of or given approval to this pitch or the accuracy of the underlying data. Recipients should conduct independent verification of all singular entries and consult with a registered investment professional before capital allocation. This entity is a closed-end Stakeholder of 313,471 shares of $NXDR and does NOT invest funds for others. Information herein does project guarantees of profitability. 

Investing in Stocks carries inherent risks of Capital Loss. All statements contained herein are EIA's Opinions only. Do not rely solely on these opinions. No calculations are used to arrive at this thesis. Investors of $NXDR are advised to perform due diligence before investing and rely on their own personal data and decisions.

Non-Affiliation & Endorsement Disclaimer:

 Nextdoor Holdings, Inc. ($NXDR) does not endorse, sponsor, or maintain any ownership interest in this entity or its affiliated firms. There is no formal partnership, joint venture, or agency relationship between the entities. All trademarks and brand assets associated with $NXDR are the property of their respective owners and are used herein for identification and analytical purposes only under "fair use" principles.

Date: January 29, 2026