Case Study: Nextdoor streamlines equity compensation and supports global growth with Shareworks

How Nextdoor’s Equity Compensation Program Is Poised to Fuel Company Growth

Nextdoor, the San Francisco-based private social network for neighbors, had outgrown its spreadsheet-based equity compensation process as it scaled past 100 full-time employees and expanded internationally. Managing stock option grants, refresher grants, and employee questions manually was becoming time-consuming and increasingly risky for accuracy, especially for a lean finance team.

Nextdoor implemented Shareworks by Morgan Stanley for equity administration, cap table management, participant experience, and financial reporting. With Shareworks, employees gained 24/7 self-service access to their equity information, while the finance team saved significant time, improved data integrity, and reduced the need to hire additional staff. According to Nextdoor, the platform has transformed the role into a more strategic one and strengthened the company’s ability to support future growth.

Nextdoor

Wilson Chan

Vice President Finance