Man, that ending hit me like a freight train. After the big final exam where Nagisa ultimately takes down Koro-sensei, the whole class graduates. But before the graduation ceremony, they fulfill their promise and spend their last month just... having fun with him. The final moments are Koro-sensei, now with a timer on his head, sitting under the cherry tree on the school grounds with all the students around him. Nagisa is the one who gives the final, merciful touch with the special knife. Koro-sensei turns into glowing particles and disappears, but not before whispering 'Congratulations on your graduation' to every single student. The class all cry, but they're smiling.
I think the real gut-punch comes after. The epilogue shows where everyone ends up years later, all using the lessons they learned to succeed in their own careers, not just as assassins but as politicians, scientists, teachers. Nagisa becomes a teacher, carrying on Koro-sensei's legacy, and he's shown confidently facing down a problem student. It ties the whole theme together—the assassination was never about killing their teacher, but about growing up and moving on because of him. The very last panel is a shot of the moon, back to normal, with Koro-sensei's signature smile etched into it. I had to put the book down and just sit for a while after that.