*! SIGNAL !*

>>> SIX DATA POINTS FOR AN “ Asymmetric Growth Trajectory ” of $NXDR !!!

1. Eric Jackson called on $NXDR to do a 100x, just like he obtained for Carvana.

2. Eric Jackson got Nirav Tolia to return to Nextdoor just like he did in bringing Keith Rabois and Eric Wu back to Opendoor.

3. Eric Jackson cited $NXDR as the most mispriced and understood play in the AI era, pointing out its exclusive RE Moat of 100M Verified physical addresses.

4. $NXDR just moved its 2025 Q4 earnings call Forward Eight (8) Days to 2-18-26, showing it clearly has great news to share about its improving EBITDA.

5. Craig-Hallum and Citigroup have set a definitive high-conviction "bull case" target of $4.00 to $4.20, signaling a massive 120%+ surge.

6. $NXDR’s - recent 33% year-over-year growth to $40M in Q3 2025, now comprising 60% of total revenue. Waze and the USGS have driven a 400% surge in alert volume (3.7 million notifications delivered), cementing its utility status and supporting a projected 28% earnings growth through 2028 (Source: NXDR Q3 2025 Earnings; Simply Wall St Analyst Forecasts).

For More Info: On Eric Jackson and his Legendary Calls, Be Sure to go to:

https://emjcapital.ltd/about-emj-capital/

https://emjcapital.ltd/thought-leadership/

$NXDR: The $353M Accreted Treasury Value

Ehrlich Institutional Agentics (EIA) views the current valuation gap as an oversight of sound capital management. With $403M in cash and zero debt, the primary objective should be the immediate accretion to the Treasury and Shareholders.

EIA heavily Endorses a $97M share buyback as of Feb. 1 2026, particularly if Management is in the process of submitting an earnings beat over guidance most recently given in Light of the Moved-up Earnings Call on 2-18-26. If not, NXDR management will miss out on acquiring shares at a steeply discounted price, leading to a lost opportunity to raise the most capital possible for the Treasury and support shareholder value.

Accreted Treasury Value (ATV) Audit: Feb 1, 2026

Retiring shares at the current price of $1.96 as of 2-1-26 valuation is a strategic acquisition of foundational assets at a deep discount to intrinsic cash value. The contrast between the $1.96 buy-in and the $1.05 floor is the "proof" of Accreted Treasury Value (ATV).

The Buyback: Deployment of $97M to retire approximately 49.5M shares.

The Cash Floor: This action cancels the $1.05/share cash floor obligation for those retired shares.

The ATV Calculation: By capturing the $45M valuation gap (the difference between the buyback price and the cash floor), we create Accreted Treasury Value.

Treasury Stabilization: Post-buyback, the nominal cash is $306M; however, when combined with the $45M in Accreted Treasury Value, the company’s total economic strength is critically maintained at $351 Million.

Concentrated Value: This 13% reduction in float increases Cash Per Share from $1.05 to **$1.21**.

Forensic Breakdown:

Shares Retired: At $1.96, a $97M deployment captures 49,489,796 shares (up from the 45M estimate, which assumed a higher price).

ATV Total: The gap per share is $0.91 ($1.96 - $1.05). Multiplied by 49.5M shares, the captured value is $45M.

Economic Strength: Calculated as remaining cash ($306M) plus the $45M in Accreted Treasury Value = $351M.

Float Reduction: Based on the initial total cash of $403M ($306M + $97M) and the $1.05 floor, the starting share count was 383.8M. Retiring 49.5M shares is a 12.9% (rounded to 13%) reduction.

CPS Concentration: Distributing the total initial cash value ($403M) across the new reduced share count (334.3M) yields a pro-forma Cash Per Share of $1.21.

Required Confirmation & Formal Inquiry

EIA seeks a confirmed plan from Management in writing addressing the following:

The 10b5-1 Schedule: Is there a planned scheduled execution for an authorized $97M buyback?
Valuation Gap Language: How does the current $1.96 price ( as of 2-1-26) reflect the $1.05/share cash floor?
Capital Priority: Confirmation that the Board is prioritizing the use of that $97M to reduce the available float.

EIA Commitment: Strategic Capital Allocation

The Firm commits to voting its full position in support of the immediate implementation of the $97M Share Buyback. We view the creation of Accreted Treasury Value as the best viable path to protect NXDR's balance sheet during this volatile period, which shall be accretive to its Treasury as of Feb. 1, 2026

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: February 1, 2026

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