Kevin Klausmeyer - Sep 19, 2022 Form 4 Insider Report for KnowBe4, Inc. (KNBE)

Role: Director
Signature: /s/ Kristen Wiggins, as Attorney-in-Fact
Stock symbol: KNBE
Transactions as of: Sep 19, 2022
Transactions value $: -$185,275
Form type: 4
Date filed: 9/21/2022, 09:07 PM
Previous filing: Sep 12, 2022
Next filing: Oct 5, 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	+11.6K	+98.34%	$0.00	23.4K	Sep 19, 2022	Direct	F1, F2
transaction	KNBE	Class A Common Stock	Sale	-$252K	-11.6K	-49.58%	$21.66	11.8K	Sep 19, 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	-11.6K	-2.88%	$0.00	391K	Sep 19, 2022	Class B Common Stock	11.6K	$5.71	Direct	F4
transaction	KNBE	Class B Common Stock	Options Exercise	$66.3K	+11.6K		$5.71	11.6K	Sep 19, 2022	Class A Common Stock	11.6K	$0.00	Direct	F1
transaction	KNBE	Class B Common Stock	Conversion of derivative security	$0	-11.6K	-100%	$0.00^*	0	Sep 19, 2022	Class A Common Stock	11.6K	$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	Certain of these securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
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 August 16, 2021.
F4	Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five (25%) of the shares subject to the option vested 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.