Lars Letonoff - Sep 19, 2022 Form 4 Insider Report for KnowBe4, Inc. (KNBE)

Role: Officer
Signature: /s/ Kristen Wiggins, as Attorney-in-Fact
Stock symbol: KNBE
Transactions as of: Sep 19, 2022
Transactions value $: -$4,337,065
Form type: 4
Date filed: 9/21/2022, 09:07 PM
Previous filing: Aug 30, 2022
Next filing: Nov 18, 2022

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	+199K	+91.91%	$0.00	415K	Sep 19, 2022	Direct	F1, F2
transaction	KNBE	Class A Common Stock	Sale	-$4.34M	-199K	-47.89%	$21.83	216K	Sep 19, 2022	Direct	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	-199K	-36.51%	$0.00	346K	Sep 19, 2022	Class A Common Stock	199K	$0.00	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 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 26, 2022.