Kevin Klausmeyer - Jan 3, 2022 Form 4 Insider Report for KnowBe4, Inc. (KNBE)

Role: Director
Signature: /s/ Alicia Dietzen, as Attorney-in-Fact
Stock symbol: KNBE
Transactions as of: Jan 3, 2022
Transactions value $: -$196,407
Form type: 4
Date filed: 1/4/2022, 08:15 PM
Previous filing: Dec 2, 2021
Next filing: Jan 13, 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	+11.8K		$0.00	11.8K	Jan 3, 2022	Direct	F1
transaction	KNBE	Class A Common Stock	Sale	-$264K	-11.8K	-100%	$22.29	0	Jan 3, 2022	Direct	F2, F3

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	-11.8K	-2.3%	$0.00	504K	Jan 3, 2022	Class B Common Stock	11.8K	$5.71	Direct	F4
transaction	KNBE	Class B Common Stock	Options Exercise	$67.6K	+11.8K		$5.71	11.8K	Jan 3, 2022	Class A Common Stock	11.8K	$0.00	Direct	F1
transaction	KNBE	Class B Common Stock	Conversion of derivative security	$0	-11.8K	-100%	$0.00^*	0	Jan 3, 2022	Class A Common Stock	11.8K	$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 11,845 shares sold in the price range of $22.00 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.
F4	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.