Goldman Sachs Group Inc - May 16, 2022 Form 4 Insider Report for KnowBe4, Inc. (KNBE)

Signature
/s/ Crystal Orgill, Attorney-in-fact
Stock symbol
KNBE
Transactions as of
May 16, 2022
Transactions value $
$0
Form type
4
Date filed
5/18/2022, 09:54 PM
Previous filing
Mar 16, 2022
Next filing
May 19, 2022

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 +2.41M +848591.55% 2.41M May 16, 2022 See Footnotes F1, F2, F3, F4
transaction KNBE Class A Common Stock Gift $0 -2.41M -99.99% $0.00 284 May 16, 2022 See Footnotes F2, F3, F4, F5

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 -2.41M -26.28% 6.76M May 16, 2022 Class A Common Stock 2.41M See Footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Goldman Sachs Group Inc is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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. Effective May 16, 2022, Joseph P. DiSabato, a Managing Director of Goldman Sachs, ceased to be a director of KnowBe4, Inc., and the Reporting Persons accordingly ceased to be directors by deputization.
F3 After giving effect to the donation on May 16, 2022, Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate, 284 shares of Class A Common Stock and 6,761,033 shares of Class B Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) 5,714,738 shares of Class B Common Stock held directly by BSPI, (ii) 715,570 shares of Class B Common Stock held directly by SB Fund; (iii) 330,725 shares of Class B Common Stock held directly by SB Fund Offshore; and (iv) 1,046,295 shares of Class B Common Stock held indirectly by Bridge Street.
F4 Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.
F5 This transaction represents a donation of shares of the Issuer's Class A Common Stock to a charity.