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KNBE KnowBe4 Inc

24.89
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
KnowBe4 Inc NASDAQ:KNBE NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.89 24.89 23.65 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

03/02/2023 9:04pm

Edgar (US Regulatory)


FORM 4
[X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Venkataraman Shrikrishna
2. Issuer Name and Ticker or Trading Symbol

KnowBe4, Inc. [ KNBE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O KNOWBE4, INC., 33 N. GARDEN AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

11/15/2022
(Street)

CLEARWATER, FL 33755
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 11/15/2022  F  14665 (1)D$24.60 364083 (2)(3)D  
Class A Common Stock 2/1/2023  D  364083 (3)D$24.90 (4)0 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy) $1.02 2/1/2023  D     457240   (5)4/5/2028 Class B Common Stock 457240.0 $24.90 0 D  
Stock Option (right to buy) $3.42 2/1/2023  D     182280   (6)8/28/2029 Class B Common Stock 182280.0 $24.90 0 D  
Stock Option (right to buy) $4.97 2/1/2023  D     333840   (7)2/26/2030 Class B Common Stock 333840.0 $24.90 0 D  
Stock Option (right to buy) $5.6 2/1/2023  D     249040   (8)6/1/2030 Class B Common Stock 249040.0 $24.90 0 D  
Stock Option (right to buy) $5.85 2/1/2023  D     94440   (9)10/27/2030 Class B Common Stock 94440.0 $24.90 0 D  

Explanation of Responses:
(1) Shares withheld by KnowBe4, Inc. (the "Issuer") to satisfy tax withholding obligations in connection with the vesting of restricted stock units ("RSUs") based on the closing price of the Issuer's Class A common stock on Nasdaq on November 15, 2022.
(2) The number of shares of Class A common stock beneficially owned following this transaction reflects (i) the forfeiture of one additional share of the Issuer's Class A common stock on August 20, 2021 (in addition to the 11 shares disclosed as forfeited by the Reporting Person on Form 4 on August 24, 2021) and (ii) 1,562 shares of Class A common stock acquired pursuant to the Issuer's 2021 Employee Stock Purchase Plan on November 22, 2021.
(3) Represents 180,275 shares and 183,808 RSUs that were disposed of at the effective time (the "Effective Time") of the merger (the "Merger") of Oranje Merger Sub, Inc. with and into KnowBe4, Inc. (the "Issuer") pursuant to an Agreement and Plan of Merger, dated October 11, 2022, by and among the Issuer, Oranje Holdco, LLC and Oranje Merger Sub, Inc.
(4) At the Effective Time, (i) each outstanding share of the Issuer's Class A common stock was canceled and converted into the right to receive $24.90 in cash, without interest, per share, and (ii) pursuant to the terms of the Issuer's Outside Director Compensation Policy and/or RSU award agreements between the Issuer and the Reporting Person, the RSUs vested in full in connection with the Merger. At the Effective Time, the vested RSUs were canceled and converted into the right to receive a cash payment of $4,576,819, which represents $24.90 per vested RSU.
(5) This option was fully vested at the Effective Time. At the Effective Time, this option was canceled and converted into the right to receive a cash payment of $10,918,891, which represents the difference between (i) the exercise price of the option and (ii) the product of $24.90 and the number of shares subject to the option.
(6) This option was fully vested at the Effective Time. At the Effective Time, this option was canceled and converted into the right to receive a cash payment of $3,915,374, which represents the difference between (i) the exercise price of the option and (ii) the product of $24.90 and the number of shares subject to the option.
(7) This option was fully vested at the Effective Time. At the Effective Time, this option was canceled and converted into the right to receive a cash payment of $6,653,431, which represents the difference between (i) the exercise price of the option and (ii) the product of $24.90 and the number of shares subject to the option.
(8) This option was fully vested at the Effective Time. At the Effective Time, this option was canceled and converted into the right to receive a cash payment of $4,806,472, which represents the difference between (i) the exercise price of the option and (ii) the product of $24.90 and the number of shares subject to the option.
(9) This option was fully vested at the Effective Time. At the Effective Time, this option was canceled and converted into the right to receive a cash payment of $1,799,082, which represents the difference between (i) the exercise price of the option and (ii) the product of $24.90 and the number of shares subject to the option.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Venkataraman Shrikrishna
C/O KNOWBE4, INC.
33 N. GARDEN AVENUE
CLEARWATER, FL 33755
X



Signatures
/s/ Alicia Dietzen, as Attorney-in-Fact2/1/2023
**Signature of Reporting PersonDate


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 control number.

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