4//SEC Filing
KLAUSMEYER KEVIN 4
Accession 0001664998-23-000002
CIK 0001664998other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 4:01 PM ET
Size
7.9 KB
Accession
0001664998-23-000002
Insider Transaction Report
Form 4
KnowBe4, Inc.KNBE
KLAUSMEYER KEVIN
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2023-02-01$24.90/sh−346,416$8,625,758→ 0 totalExercise: $5.71Exp: 2030-08-03→ Class B Common Stock (346,416 underlying) - Disposition to Issuer
Class A Common Stock
2023-02-01$24.90/sh−11,812$294,119→ 0 total
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs") that were disposed of at the effective time (the "Effective Time") of the merger (the "Merger") of Oranje Merger Sub, Inc. ("Merger Sub") 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 Merger Sub (the "Merger Agreement").
- [F2]Pursuant to the terms of the Issuer's Outside Director Compensation Policy, 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 $294,119, which represents $24.90 per vested RSU.
- [F3]Pursuant to the terms of a stock option agreement between the Reporting Person and the Issuer, this option vested in full in connection with the Merger. At the Effective Time, this option was canceled and converted into the right to receive a cash payment of $6,647,723, 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.
Documents
Issuer
KnowBe4, Inc.
CIK 0001664998
Entity typeother
IncorporatedTX
Related Parties
1- filerCIK 0001007547
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 4:01 PM ET
- Size
- 7.9 KB