Key facts
- This page summarizes Lars Letonoff's Form 4 filing for KnowBe4, Inc..
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 03 Feb 2023, 15:02.
Lars Letonoff - 01 Feb 2023 Form 4 Insider Report for KnowBe4, Inc.
- Reporting relationship
- Co-President & Chief Revenue Officer
- Issuer ticker
- N/A
- Reported as of
- 01 Feb 2023
- Net transaction value
- -$13,912,900
- SEC form
- 4
- Accepted by SEC
- 03 Feb 2023, 15:02:07 UTC
- Prior SEC filing
- 18 Nov 2022
- 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.
4 source fields
Reporting owner
1 detail
Key filing fact
Lars Letonoff filed Form 4 for KnowBe4, Inc. on 03 Feb 2023.
Change
- Previous filing in this sequence was filed on 18 Nov 2022.
- Current net transaction value: -$13,912,900.
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
- $13,912,900
- Shares
- -558,751
- Change %
- -100%
- Price
- $24.90
- Shares after
- 0
- Date
- 01 Feb 2023
- Ownership
- Direct
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Lars Letonoff 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 400,045 shares and 158,706 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. 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 Oranje Merger Sub, Inc.
Footnote F2
The number of shares of Class A common stock disposed of reflects (i) the forfeiture of 1,099 shares of the Issuer's Class B common stock on August 11, 2021 (in addition to the 362,742 shares disclosed as forfeited by the Reporting Person on Form 4 on August 13, 2021), (ii) the conversion of all shares of the Issuer's Class B common stock owned by the Reporting Person into an equal number of shares of Class A common stock at the option of the Reporting Person, resulting in an increase in the number of shares of Class A common stock owned by 345,597 and a corresponding decrease in the number of shares of Class B common stock owned, and (iii) and an aggregate of 2,563 shares of Class A common stock acquired by the Reporting Person pursuant to the Issuer's 2021 Employee Stock Purchase Plan between November 22, 2021 and November 21, 2022.
Footnote F3
At the Effective Time, (i) each outstanding share of the Issuer's Class A common stock was canceled and converted into the right to receive $24.90 in cash, without interest, per share, and (ii) the unvested RSUs were canceled and converted into the contingent right to receive a cash payment of $3,951,779 (which represents $24.90 per unvested RSU), which will vest and become payable pursuant to the time-based vesting schedule that the unvested RSUs were subject to immediately prior to the Effective Time.
SEC remarks
Co-President & Chief Revenue Officer