On August 11, 2021, KnowBe4, provider of the leading security awareness training and simulated phishing platform, announced the pricing of its previously announced underwritten public offering of 10,430,910 shares of its Class A common stock by certain selling stockholders at a price to the public of $20.75 per share. The offering was upsized from a previously announced offering size of 8,719,740 shares. In addition, the selling stockholders granted the underwriters a 30-day option to purchase up to an additional 1,564,636 shares of Class A common stock, which the underwriters exercised in full on August 13, 2021. The offering is expected to close on August 16, 2021, subject to customary closing conditions. KnowBe4 will not receive any proceeds from any sales of shares by the selling stockholders.

A Wilson Sonsini Goodrich & Rosati team including corporate attorneys Tony Jeffries, Megan Baier, David Sharon, Courtney Matteson, Rui Ke, and McKenna Pruitt and EB&C attorneys Sriram Krishnamurthy and Matt Norgard advised KnowBe4 on the transaction.

For more information, please see the press release.