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

Role
Co-President & Chief Revenue Officer
Signature
/s/ Kristen Wiggins, as Attorney-in-Fact
Issuer symbol
KNBE
Transactions as of
11 Aug 2021
Transactions value $
-$7,526,897
Form type
4
Filing time
13 Aug 2021, 17:11:03 UTC
Previous filing
14 Jul 2021
Next filing
18 Aug 2021
SEC
View on sec.gov

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 -395,895 -100% $0* 0 11 Aug 2021 Class B Common Stock 395,895 $0.67 Direct F1
transaction KNBE Class B Common Stock Options Exercise $0 +395,895 $0 395,895 11 Aug 2021 Class A Common Stock 395,895 $0.67 Direct F2
transaction KNBE Stock Option (right to buy) Options Exercise $0 -368,498 -100% $0* 0 11 Aug 2021 Class B Common Stock 368,498 $1.3 Direct F3
transaction KNBE Class B Common Stock Options Exercise $0 +368,498 +93.08% $0 764,393 11 Aug 2021 Class A Common Stock 368,498 $1.3 Direct F2
transaction KNBE Stock Option (right to buy) Options Exercise $0 -348,360 -100% $0* 0 11 Aug 2021 Class B Common Stock 348,360 $4.97 Direct F4
transaction KNBE Class B Common Stock Options Exercise $0 +348,360 +45.57% $0 1,112,753 11 Aug 2021 Class A Common Stock 348,360 $4.97 Direct F2
transaction KNBE Stock Option (right to buy) Options Exercise $0 -94,440 -100% $0* 0 11 Aug 2021 Class B Common Stock 94,440 $5.85 Direct F5
transaction KNBE Class B Common Stock Options Exercise $0 +94,440 +8.49% $0 1,207,193 11 Aug 2021 Class A Common Stock 94,440 $5.85 Direct F2
transaction KNBE Class B Common Stock Tax liability -$7,526,896 -362,742 -30.05% $20.75 844,451 11 Aug 2021 Class A Common Stock 362,742 $0 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