Kevin Klausmeyer - Dec 1, 2021 Form 4 Insider Report for KnowBe4, Inc. (KNBE)

Role
Director
Signature
/s/ Alicia Dietzen, as Attorney-in-Fact
Stock symbol
KNBE
Transactions as of
Dec 1, 2021
Transactions value $
-$219,887
Form type
4
Date filed
12/2/2021, 06:38 PM
Previous filing
Nov 29, 2021
Next filing
Jan 4, 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 $0 +13.1K $0.00 13.1K Dec 1, 2021 Direct F1
transaction KNBE Class A Common Stock Sale -$185K -8.31K -63.61% $22.28 4.76K Dec 1, 2021 Direct F2, F3
transaction KNBE Class A Common Stock Sale -$109K -4.76K -100% $22.98 0 Dec 1, 2021 Direct F2, 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 Stock Option (right to buy) Options Exercise $0 -13.1K -2.47% $0.00 516K Dec 1, 2021 Class B Common Stock 13.1K $5.71 Direct F5
transaction KNBE Class B Common Stock Options Exercise $74.6K +13.1K $5.71 13.1K Dec 1, 2021 Class A Common Stock 13.1K $0.00 Direct F1
transaction KNBE Class B Common Stock Conversion of derivative security $0 -13.1K -100% $0.00* 0 Dec 1, 2021 Class A Common Stock 13.1K $0.00 Direct F1
* 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 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 August 16, 2021.
F3 Represents the weighted average share price of an aggregate total of 8,312 shares sold in the price range of $21.95 to $22.87 by the Reporting Person. 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.
F4 Represents the weighted average share price of an aggregate total of 4,756 shares sold in the price range of $22.96 to $23.00 by the Reporting Person. 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.
F5 Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five (25%) of the shares subject to the option shall vest on August 3, 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.