Goldman Sachs Group Inc - Aug 16, 2021 Form 4 Insider Report for KnowBe4, Inc. (KNBE)

Role
10%+ Owner
Signature
/s/ Crystal Orgill, Attorney-in-fact
Stock symbol
KNBE
Transactions as of
Aug 16, 2021
Transactions value $
-$21,080,958
Form type
4
Date filed
8/18/2021, 09:20 PM
Previous filing
Jan 20, 2022
Next filing
Aug 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNBE Class A Common Stock Conversion of derivative security +1.06M +2572.14% 1.1M Aug 16, 2021 See Footnote F1, F2, F3, F4
transaction KNBE Class A Common Stock Sale -$21.1M -1.06M -96.26% $19.92 41.1K Aug 16, 2021 See Footnote F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KNBE Class B Common Stock Conversion of derivative security -1.06M -7.52% 13M Aug 16, 2021 Class A Common Stock 1.06M See Footnote F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Additionally, each share of Class B Common Stock will, subject to certain conditions and exceptions, convert automatically into one share of Class A Common Stock upon any transfer. The Class B Common Stock has no expiration date.
F2 This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman Sachs & Co. LLC ("Goldman Sachs"), Broad Street Principal Investments, L.L.C. ("BSPI"), StoneBridge 2017, L.P. ("SB Fund"), StoneBridge 2017 Offshore, L.P. ("SB Fund Offshore," and together with SB Fund, the "SB Funds") and Bridge Street Opportunity Advisors, L.L.C ("Bridge Street"). Goldman Sachs is a subsidiary of GS Group. Goldman Sachs is the investment manager of the SB Funds. Each of Bridge Street and BSPI is wholly owned by GS Group.
F3 Prior to the conversion described in footnote 1, BSPI held 12,794,640 shares of Class B Common Stock, SB Fund held 877,400 shares of Class B Common Stock, and SB Fund Offshore held 405,520 shares of Class B Common Stock. Immediately following the conversion described in footnote 1, BSPI held 961,838 shares of Class A Common Stock and 11,832,802 shares of Class B Common Stock, SB Fund held 65,958 shares of Class A Common Stock and 811,442 shares of Class B Common Stock, and SB Fund Offshore held 30,485 shares of Class A Common Stock and 375,035 shares of Class B Common Stock.
F4 Because of the relationships among GS Group, Goldman Sachs, BSPI, Bridge Street and the SB Funds, each of GS Group and Goldman Sachs may be deemed a beneficial owner of Class B Common Stock, and Class A Common Stock held by BSPI and the SB Funds, and Bridge Street may be deemed a beneficial owner of Class A Common Stock and Class B Common Stock held by the SB Funds. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any.