Key facts
- This page summarizes Gerhard Watzinger's Form 4 filing for KnowBe4, Inc..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 03 Feb 2023, 15:04.
Gerhard Watzinger - 01 Feb 2023 Form 4 Insider Report for KnowBe4, Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 01 Feb 2023
- Net transaction value
- -$17,643,443
- SEC form
- 4
- Accepted by SEC
- 03 Feb 2023, 15:04:08 UTC
- Prior SEC filing
- 14 Feb 2023
- Next SEC filing
- 22 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Alicia Dietzen, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Gerhard Watzinger filed Form 4 for KnowBe4, Inc. on 03 Feb 2023.
Change
- Previous filing in this sequence was filed on 14 Feb 2023.
- Current net transaction value: -$17,643,443.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
KNBE
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $294,119
- Shares
- -11,812
- Change %
- -100%
- Price
- $24.90
- Shares after
- 0
- Date
- 01 Feb 2023
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
KNBE
transaction
Derivative
Stock Option (right to buy)
Disposed to Issuer
- Transaction value
- $17,349,324
- Shares
- -696,760
- Change %
- -100%
- Price
- $24.90
- Shares after
- 0
- Date
- 01 Feb 2023
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 696,760
- Exercise price
- $3.29
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Gerhard Watzinger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Represents restricted stock units ("RSUs") that were disposed of at the effective time (the "Effective Time") of the merger (the "Merger") of Oranje Merger Sub, Inc. ("Merger Sub") with and into KnowBe4, Inc. (the "Issuer") pursuant to an Agreement and Plan of Merger, dated October 11, 2022, by and among the Issuer, Oranje Holdco, LLC and Merger Sub (the "Merger Agreement").
Footnote F2
Pursuant to the terms of the Issuer's Outside Director Compensation Policy, the RSUs vested in full in connection with the Merger. At the Effective Time, the vested RSUs were canceled and converted into the right to receive a cash payment of $294,119, which represents $24.90 per vested RSU.
Footnote F3
Pursuant to the terms of a stock option agreement between the Reporting Person and the Issuer, this option vested in full in connection with the Merger. At the Effective Time, this option was canceled and converted into the right to receive a cash payment of $15,056,984, which represents the difference between (i) the exercise price of the option and (ii) the product of $24.90 and the number of shares subject to the option.