Lars Letonoff - Aug 11, 2021 Form 4 Insider Report for KnowBe4, Inc. (KNBE)

Role: Co-President & Chief Revenue Officer
Signature: /s/ Kristen Wiggins, as Attorney-in-Fact
Stock symbol: KNBE
Transactions as of: Aug 11, 2021
Transactions value $: -$7,526,897
Form type: 4
Date filed: 8/13/2021, 05:11 PM
Previous filing: Jul 14, 2021
Next filing: Aug 18, 2021
SEC: View on sec.gov

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	Stock Option (right to buy)	Options Exercise	$0	-396K	-100%	$0.00^*	0	Aug 11, 2021	Class B Common Stock	396K	$0.67	Direct	F1
transaction	KNBE	Class B Common Stock	Options Exercise	$0	+396K		$0.00	396K	Aug 11, 2021	Class A Common Stock	396K	$0.67	Direct	F2
transaction	KNBE	Stock Option (right to buy)	Options Exercise	$0	-368K	-100%	$0.00^*	0	Aug 11, 2021	Class B Common Stock	368K	$1.30	Direct	F3
transaction	KNBE	Class B Common Stock	Options Exercise	$0	+368K	+93.08%	$0.00	764K	Aug 11, 2021	Class A Common Stock	368K	$1.30	Direct	F2
transaction	KNBE	Stock Option (right to buy)	Options Exercise	$0	-348K	-100%	$0.00^*	0	Aug 11, 2021	Class B Common Stock	348K	$4.97	Direct	F4
transaction	KNBE	Class B Common Stock	Options Exercise	$0	+348K	+45.57%	$0.00	1.11M	Aug 11, 2021	Class A Common Stock	348K	$4.97	Direct	F2
transaction	KNBE	Stock Option (right to buy)	Options Exercise	$0	-94.4K	-100%	$0.00^*	0	Aug 11, 2021	Class B Common Stock	94.4K	$5.85	Direct	F5
transaction	KNBE	Class B Common Stock	Options Exercise	$0	+94.4K	+8.49%	$0.00	1.21M	Aug 11, 2021	Class A Common Stock	94.4K	$5.85	Direct	F2
transaction	KNBE	Class B Common Stock	Tax liability	-$7.53M	-363K	-30.05%	$20.75	844K	Aug 11, 2021	Class A Common Stock	363K	$0.00	Direct	F2

Showing 1 to 9 of 9 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option vested on May 1, 2018, and, thereafter, the remaining number of shares subject to the option shall vest in equal monthly installments over the following thirty-six (36) months.
F2	Each share of the Issuer's Class B Common Stock, par value $0.00001 per share (the "Class B Common Stock") is convertible at any time at the option of the holder into one share of the Issuer's Class A Common Stock, par value $0.00001 per share (the "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.
F3	Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option vested on November 3, 2018, and, thereafter, the remaining number of shares subject to the option shall vest in equal monthly installments over the following thirty-six (36) months.
F4	Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option vested on February 26, 2021, and, thereafter, the remaining number of shares subject to the option shall in equal monthly installments over following thirty-six (36) months.
F5	Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option shall vest on October 27, 2021, and, thereafter, the remaining number of shares subject to the option shall vest in equal monthly installments over the following thirty-six (36) months.

Remarks:

Co-President & Chief Revenue Officer