Sumitomo Mitsui Trust Group and Amova Asset Management Report 5.7% Ownership in Nextdoor Holdings

Sumitomo Mitsui Trust Group, Inc. and Amova Asset Management Co., Ltd. have filed a Schedule 13G reporting a 5.7% ownership stake in Nextdoor Holdings, Inc. The filing indicates that the two entities collectively own 13,660,830 shares of Class A common stock. Both companies are classified as parent holding companies and non-U.S. institutions. The shares are reported to be beneficially owned by their subsidiary, Amova Asset Management Americas, Inc. The filing certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.