Shrikrishna Venkataraman - Oct 21, 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
Oct 21, 2022
Transactions value $
-$6,243,792
Form type
4
Date filed
10/25/2022, 09:24 PM
Previous filing
Oct 18, 2022
Next filing
Feb 3, 2023

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 +28.1K +7.45% $0.00 405K Oct 21, 2022 Direct F1, F2
transaction KNBE Class A Common Stock Sale -$689K -28.1K -6.93% $24.50 377K Oct 21, 2022 Direct F2, F3, F4
transaction KNBE Class A Common Stock Conversion of derivative security $0 +158K +41.96% $0.00 535K Oct 24, 2022 Direct F1, F2
transaction KNBE Class A Common Stock Sale -$3.88M -158K -29.56% $24.52 377K Oct 24, 2022 Direct F2, F3, F5
transaction KNBE Class A Common Stock Conversion of derivative security $0 +88.3K +23.41% $0.00 465K Oct 25, 2022 Direct F1, F2
transaction KNBE Class A Common Stock Sale -$2.17M -88.3K -18.97% $24.55 377K Oct 25, 2022 Direct F2, F3, F6

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 -9.27K -1.42% $0.00 642K Oct 21, 2022 Class B Common Stock 9.27K $1.02 Direct F7
transaction KNBE Class B Common Stock Options Exercise $9.45K +9.27K $1.02* 9.27K Oct 21, 2022 Class A Common Stock 9.27K $0.00 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -9.3K -3.7% $0.00 242K Oct 21, 2022 Class B Common Stock 9.3K $3.42 Direct F8
transaction KNBE Class B Common Stock Options Exercise $31.8K +9.3K +100.33% $3.42* 18.6K Oct 21, 2022 Class A Common Stock 9.3K $0.00 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -9.54K -2.76% $0.00 336K Oct 21, 2022 Class B Common Stock 9.54K $4.97 Direct F9
transaction KNBE Class B Common Stock Options Exercise $47.4K +9.54K +51.35% $4.97* 28.1K Oct 21, 2022 Class A Common Stock 9.54K $0.00 Direct F1
transaction KNBE Class B Common Stock Conversion of derivative security $0 -28.1K -100% $0.00* 0 Oct 21, 2022 Class A Common Stock 28.1K $0.00 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -96.2K -14.99% $0.00 546K Oct 24, 2022 Class B Common Stock 96.2K $1.02 Direct F7
transaction KNBE Class B Common Stock Options Exercise $98.1K +96.2K $1.02* 96.2K Oct 24, 2022 Class A Common Stock 96.2K $0.00 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -59.8K -24.69% $0.00 182K Oct 24, 2022 Class B Common Stock 59.8K $3.42 Direct F8
transaction KNBE Class B Common Stock Options Exercise $204K +59.8K +62.13% $3.42* 156K Oct 24, 2022 Class A Common Stock 59.8K $0.00 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -2.33K -0.69% $0.00 334K Oct 24, 2022 Class B Common Stock 2.33K $4.97 Direct F9
transaction KNBE Class B Common Stock Options Exercise $11.6K +2.33K +1.5% $4.97* 158K Oct 24, 2022 Class A Common Stock 2.33K $0.00 Direct F1
transaction KNBE Class B Common Stock Conversion of derivative security $0 -158K -100% $0.00* 0 Oct 24, 2022 Class A Common Stock 158K $0.00 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -88.3K -16.19% $0.00 457K Oct 25, 2022 Class B Common Stock 88.3K $1.02 Direct F7
transaction KNBE Class B Common Stock Options Exercise $90.1K +88.3K $1.02* 88.3K Oct 25, 2022 Class A Common Stock 88.3K $0.00 Direct F1
transaction KNBE Class B Common Stock Conversion of derivative security $0 -88.3K -100% $0.00* 0 Oct 25, 2022 Class A Common Stock 88.3K $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 May 28, 2021 and subsequently modified on June 1, 2022.
F4 Represents the weighted average share price of an aggregate total of 28,105 shares sold in the price range of $24.50 to $24.51 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 Represents the weighted average share price of an aggregate total of 158,286 shares sold in the price range of $24.50 to $24.59 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.
F6 Represents the weighted average share price of an aggregate total of 88,299 shares sold in the price range of $24.50 to $24.57 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.
F7 Option granted under the the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option vested on April 5, 2019, and, thereafter, the remaining number of shares subject to the option vested in equal monthly installments over the following thirty-six (36) months.
F8 Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option vested on August 28, 2020, and, thereafter, remaining number of shares subject to the option shall vest in equal monthly installments over the following thirty-six (36) months.
F9 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.