SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
| |||||||||||||||
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol KnowBe4, Inc. [ KNBE ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| ||||||||||||||||||||||||
3. Date of Earliest Transaction (Month/Day/Year) 10/14/2022 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Stock | 10/14/2022 | C(1) | 12,800 | A | $0(1) | 389,987(2) | D | |||
Class A Common Stock | 10/14/2022 | S(3) | 12,800 | D | $24.5 | 377,187(2) | D | |||
Class A Common Stock | 10/18/2022 | C(1) | 350 | A | $0(1) | 377,537(2) | D | |||
Class A Common Stock | 10/18/2022 | S(3) | 350 | D | $24.5 | 377,187(2) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (right to buy) | $1.02 | 10/14/2022 | M | 2,600 | (4) | 04/05/2028 | Class B Common Stock | 2,600 | $0 | 651,200 | D | ||||
Class B Common Stock | $0.0 | 10/14/2022 | M | 2,600 | (1) | (1) | Class A Common Stock | 2,600 | $1.02 | 2,600 | D | ||||
Stock Option (right to buy) | $3.42 | 10/14/2022 | M | 2,600 | (5) | 08/28/2029 | Class B Common Stock | 2,600 | $0 | 251,440 | D | ||||
Class B Common Stock | $0.0 | 10/14/2022 | M | 2,600 | (1) | (1) | Class A Common Stock | 2,600 | $3.42 | 5,200 | D | ||||
Stock Option (right to buy) | $4.97 | 10/14/2022 | M | 2,600 | (6) | 02/26/2030 | Class B Common Stock | 2,600 | $0 | 345,760 | D | ||||
Class B Common Stock | $0.0 | 10/14/2022 | M | 2,600 | (1) | (1) | Class A Common Stock | 2,600 | $4.97 | 7,800 | D | ||||
Stock Option (right to buy) | $5.6 | 10/14/2022 | M | 5,000 | (7) | 06/01/2030 | Class B Common Stock | 5,000 | $0 | 249,040 | D | ||||
Class B Common Stock | $0.0 | 10/14/2022 | M | 5,000 | (1) | (1) | Class A Common Stock | 5,000 | $5.6 | 12,800 | D | ||||
Class B Common Stock | $0.0 | 10/14/2022 | C(1) | 12,800 | (1) | (1) | Class A Common Stock | 12,800 | $0 | 0 | D | ||||
Stock Option (right to buy) | $1.02 | 10/18/2022 | M | 200 | (4) | 04/05/2028 | Class B Common Stock | 200 | $0 | 651,000 | D | ||||
Class B Common Stock | $0.0 | 10/18/2022 | M | 200 | (1) | (1) | Class A Common Stock | 200 | $1.02 | 200 | D | ||||
Stock Option (right to buy) | $3.42 | 10/18/2022 | M | 100 | (5) | 08/28/2029 | Class B Common Stock | 100 | $0 | 251,340 | D | ||||
Class B Common Stock | $0.0 | 10/18/2022 | M | 100 | (1) | (1) | Class A Common Stock | 100 | $3.42 | 300 | D | ||||
Stock Option (right to buy) | $4.97 | 10/18/2022 | M | 50 | (6) | 02/26/2030 | Class B Common Stock | 50 | $0 | 345,710 | D | ||||
Class B Common Stock | $0.0 | 10/18/2022 | M | 50 | (1) | (1) | Class A Common Stock | 50 | $4.97 | 350 | D | ||||
Class B Common Stock | $0.0 | 10/18/2022 | C(1) | 350 | (1) | (1) | Class A Common Stock | 350 | $0 | 0 | D |
Explanation of Responses: |
1. 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. |
2. Certain of these securities are restricted stock units (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. |
3. 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 28, 2021 and subsequently modified on June 1, 2022. |
4. Option granted under the the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option vested on April 5, 2019, and, thereafter, the remaining number of shares subject to the option vested in equal monthly installments over the following thirty-six (36) months. |
5. Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option vested on August 28, 2020, and, thereafter, remaining number of shares subject to the option shall vest in equal monthly installments over the following thirty-six (36) months. |
6. 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. |
7. Option granted under the Issuer's 2016 Equity Incentive Plan. Twenty-five percent (25%) of the shares subject to the option shall vest on June 1, 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: |
/s/ Kristen Wiggins, as Attorney-in-Fact | 10/18/2022 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |