4//SEC Filing
Sjouwerman Sjoerd 4
Accession 0001664998-23-000005
CIK 0001664998other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 4:02 PM ET
Size
10.1 KB
Accession
0001664998-23-000005
Insider Transaction Report
Form 4
KnowBe4, Inc.KNBE
Sjouwerman Sjoerd
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Class A Common Stock
2023-02-01$24.90/sh−519,534$12,936,397→ 0 total - Disposition to Issuer
Class A Common Stock
2023-02-01$24.90/sh−2,189,121$54,509,113→ 0 total(indirect: See footnote) - Disposition to Issuer
Class B Common Stock
2023-02-01$24.90/sh−2,189,121$54,509,113→ 0 total(indirect: See footnote)Exercise: $0.00→ Class A Common Stock (2,189,121 underlying)
Footnotes (4)
- [F1]Represents 122,769 shares and 396,766 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. 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.
- [F2]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) the unvested RSUs were canceled and converted into the contingent right to receive a cash payment of $9,879,473 (which represents $24.90 per unvested RSU), which will vest and become payable pursuant to the time-based vesting schedule that the unvested RSUs were subject to immediately prior to the Effective Time.
- [F3]The shares are held of record by the Sjouwerman Enterprises Limited Partnership, or SELP. The sole general manager of SELP is Sjouwerman Management, LLC, of which the Reporting Person and his spouse are managers.
- [F4]Represents shares that were disposed of at the Effective Time. At the Effective Time, each outstanding share of the Issuer's Class B common stock was canceled and converted into the right to receive $24.90 in cash, without interest, per share.
Documents
Issuer
KnowBe4, Inc.
CIK 0001664998
Entity typeother
Related Parties
1- filerCIK 0001839366
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 4:02 PM ET
- Size
- 10.1 KB