Shrikrishna Venkataraman - 21 Oct 2022 Form 4 Insider Report for KnowBe4, Inc.

Role
Director
Signature
/s/ Kristen Wiggins, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
21 Oct 2022
Net transactions value
-$6,243,792
Form type
4
Filing time
25 Oct 2022, 21:24:12 UTC
Previous filing
18 Oct 2022
Next filing
03 Feb 2023
SEC
View on sec.gov

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 +28,105 +7.5% $0.000000 405,292 21 Oct 2022 Direct F1, F2
transaction KNBE Class A Common Stock Sale $688,584 -28,105 -6.9% $24.50 377,187 21 Oct 2022 Direct F2, F3, F4
transaction KNBE Class A Common Stock Conversion of derivative security $0 +158,286 +42% $0.000000 535,473 24 Oct 2022 Direct F1, F2
transaction KNBE Class A Common Stock Sale $3,880,555 -158,286 -30% $24.52 377,187 24 Oct 2022 Direct F2, F3, F5
transaction KNBE Class A Common Stock Conversion of derivative security $0 +88,299 +23% $0.000000 465,486 25 Oct 2022 Direct F1, F2
transaction KNBE Class A Common Stock Sale $2,167,467 -88,299 -19% $24.55 377,187 25 Oct 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 -9,269 -1.4% $0.000000 641,731 21 Oct 2022 Class B Common Stock 9,269 $1.02 Direct F7
transaction KNBE Class B Common Stock Options Exercise $9,454 +9,269 $1.02* 9,269 21 Oct 2022 Class A Common Stock 9,269 $0.000000 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -9,300 -3.7% $0.000000 242,040 21 Oct 2022 Class B Common Stock 9,300 $3.42 Direct F8
transaction KNBE Class B Common Stock Options Exercise $31,806 +9,300 +100% $3.42* 18,569 21 Oct 2022 Class A Common Stock 9,300 $0.000000 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -9,536 -2.8% $0.000000 336,174 21 Oct 2022 Class B Common Stock 9,536 $4.97 Direct F9
transaction KNBE Class B Common Stock Options Exercise $47,394 +9,536 +51% $4.97* 28,105 21 Oct 2022 Class A Common Stock 9,536 $0.000000 Direct F1
transaction KNBE Class B Common Stock Conversion of derivative security $0 -28,105 -100% $0.000000* 0 21 Oct 2022 Class A Common Stock 28,105 $0.000000 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -96,192 -15% $0.000000 545,539 24 Oct 2022 Class B Common Stock 96,192 $1.02 Direct F7
transaction KNBE Class B Common Stock Options Exercise $98,116 +96,192 $1.02* 96,192 24 Oct 2022 Class A Common Stock 96,192 $0.000000 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -59,760 -25% $0.000000 182,280 24 Oct 2022 Class B Common Stock 59,760 $3.42 Direct F8
transaction KNBE Class B Common Stock Options Exercise $204,379 +59,760 +62% $3.42* 155,952 24 Oct 2022 Class A Common Stock 59,760 $0.000000 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -2,334 -0.69% $0.000000 333,840 24 Oct 2022 Class B Common Stock 2,334 $4.97 Direct F9
transaction KNBE Class B Common Stock Options Exercise $11,600 +2,334 +1.5% $4.97* 158,286 24 Oct 2022 Class A Common Stock 2,334 $0.000000 Direct F1
transaction KNBE Class B Common Stock Conversion of derivative security $0 -158,286 -100% $0.000000* 0 24 Oct 2022 Class A Common Stock 158,286 $0.000000 Direct F1
transaction KNBE Stock Option (right to buy) Options Exercise $0 -88,299 -16% $0.000000 457,240 25 Oct 2022 Class B Common Stock 88,299 $1.02 Direct F7
transaction KNBE Class B Common Stock Options Exercise $90,065 +88,299 $1.02* 88,299 25 Oct 2022 Class A Common Stock 88,299 $0.000000 Direct F1
transaction KNBE Class B Common Stock Conversion of derivative security $0 -88,299 -100% $0.000000* 0 25 Oct 2022 Class A Common Stock 88,299 $0.000000 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.