Sjoerd Sjouwerman - Aug 16, 2021 Form 4 Insider Report for KnowBe4, Inc. (KNBE)

Role: Chief Executive Officer, Director
Signature: /s/ Kristen Wiggins, as Attorney-in-Fact
Stock symbol: KNBE
Transactions as of: Aug 16, 2021
Transactions value $: -$39,369,848
Form type: 4
Date filed: 8/18/2021, 05:18 PM
Next filing: Aug 24, 2021

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	+1.98M		$0.00	1.98M	Aug 16, 2021	See footnote	F1, F2
transaction	KNBE	Class A Common Stock	Sale	-$39.4M	-1.98M	-100%	$19.92	0	Aug 16, 2021	See footnote	F2, F3

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	Class B Common Stock	Conversion of derivative security	$0	-1.98M	-30.81%	$0.00	4.44M	Aug 16, 2021	Class A Common Stock	1.98M	$0.00	See footnote	F1, F2

* 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	Shares held by the Sjouwerman Enterprises Limited Partnership, or SELP. The sole general manager of SELP is Sjouwerman Management, LLC, of which the Reporting Person and his spouse are managers.
F3	Pursuant to an underwriting agreement and in connection with the registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated August 11, 2021, which offering was consummated on August 16, 2021, the Reporting Person sold 1,608,559 shares of Class A Common Stock at a price per share of $19.92 (after underwriting discounts and commissions). The Reporting Person was a selling stockholder in the registered public offering.