Sjoerd Sjouwerman - Aug 23, 2021 Form 4 Insider Report for KnowBe4, Inc. (KNBE)

Role: Chief Executive Officer, Director
Signature: /s/ Alicia Dietzen, as Attorney-in-Fact
Stock symbol: KNBE
Transactions as of: Aug 23, 2021
Transactions value $: -$670,154
Form type: 4
Date filed: 8/25/2021, 07:32 PM
Previous filing: Aug 24, 2021
Next filing: Sep 1, 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	$0	+18.2K		$0.00	18.2K	Aug 23, 2021	See footnote	F1, F2
transaction	KNBE	Class A Common Stock	Sale	-$404K	-18.2K	-100%	$22.19	0	Aug 23, 2021	See footnote	F2, F3
transaction	KNBE	Class A Common Stock	Conversion of derivative security	$0	+11.8K		$0.00	11.8K	Aug 24, 2021	See footnote	F1, F2
transaction	KNBE	Class A Common Stock	Sale	-$264K	-11.7K	-99.15%	$22.56	100	Aug 24, 2021	See footnote	F2, F3, F4
transaction	KNBE	Class A Common Stock	Sale	-$2.31K	-100	-100%	$23.06	0	Aug 24, 2021	See footnote	F2, F3
holding	KNBE	Class A Common Stock						11	Aug 23, 2021	Direct

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	$0	-18.2K	-0.41%	$0.00	4.42M	Aug 23, 2021	Class A Common Stock	18.2K	$0.00	See footnote	F1, F2
transaction	KNBE	Class B Common Stock	Conversion of derivative security	$0	-11.8K	-0.27%	$0.00	4.41M	Aug 24, 2021	Class A Common Stock	11.8K	$0.00	See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	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.
F2	Shares held by the Sjouwerman Enterprises Limited Partnership, or SELP. The sole general manager of SELP is Sjouwerman Management, LLC, of which the Reporting Person and his spouse are managers.
F3	The sale of shares reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on May 29, 2021.
F4	Represents the weighted average share price of an aggregate total of 11,693 shares sold in the price range of $22.03 to $23.02 by the Sjouwerman Enterprises Limited Partnership, or SELP. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.