Lars Letonoff - Aug 11, 2021 Form 4 Insider Report for KnowBe4, Inc. (KNBE)

Role
Co-President & Chief Revenue Officer
Signature
/s/ Kristen Wiggins, as Attorney-in-Fact
Stock symbol
KNBE
Transactions as of
Aug 11, 2021
Transactions value $
-$7,526,897
Form type
4
Date filed
8/13/2021, 05:11 PM
Previous filing
Jul 14, 2021
Next filing
Aug 18, 2021

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 -396K -100% $0.00* 0 Aug 11, 2021 Class B Common Stock 396K $0.67 Direct F1
transaction KNBE Class B Common Stock Options Exercise $0 +396K $0.00 396K Aug 11, 2021 Class A Common Stock 396K $0.67 Direct F2
transaction KNBE Stock Option (right to buy) Options Exercise $0 -368K -100% $0.00* 0 Aug 11, 2021 Class B Common Stock 368K $1.30 Direct F3
transaction KNBE Class B Common Stock Options Exercise $0 +368K +93.08% $0.00 764K Aug 11, 2021 Class A Common Stock 368K $1.30 Direct F2
transaction KNBE Stock Option (right to buy) Options Exercise $0 -348K -100% $0.00* 0 Aug 11, 2021 Class B Common Stock 348K $4.97 Direct F4
transaction KNBE Class B Common Stock Options Exercise $0 +348K +45.57% $0.00 1.11M Aug 11, 2021 Class A Common Stock 348K $4.97 Direct F2
transaction KNBE Stock Option (right to buy) Options Exercise $0 -94.4K -100% $0.00* 0 Aug 11, 2021 Class B Common Stock 94.4K $5.85 Direct F5
transaction KNBE Class B Common Stock Options Exercise $0 +94.4K +8.49% $0.00 1.21M Aug 11, 2021 Class A Common Stock 94.4K $5.85 Direct F2
transaction KNBE Class B Common Stock Tax liability -$7.53M -363K -30.05% $20.75 844K Aug 11, 2021 Class A Common Stock 363K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option vested on May 1, 2018, and, thereafter, the remaining number of shares subject to the option shall vest in equal monthly installments over the following thirty-six (36) months.
F2 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.
F3 Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option vested on November 3, 2018, and, thereafter, the remaining number of shares subject to the option shall vest in equal monthly installments over the following thirty-six (36) months.
F4 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.
F5 Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option shall vest on October 27, 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.

Remarks:

Co-President & Chief Revenue Officer