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KnowBe4 gives notice on lock-up agreement

August 2, 2021 - Clearwater-based startup KnowBe4 Inc. (NASDAQ: KNBE), provider of the leading security awareness training and simulated phishing platform, has provided a notice of its lock-up agreement. Lock-up agreements are typically formed to prevent company insiders from selling shares following an initial public offering (IPO).  KnowBe4’s Class A common stock, par value $0.00001 per share (the shares) will end for 15% of the shares (including shares underlying vested RSUs and stock options) subject to each lockup agreement if KnowBe4’s Class A Common Stock exceeds 133%, or $21.28, of its IPO price for at least 10 days in the 15 consecutive trading day period immediately following July 20.  The earliest possible date that the shares pursuant to the early lock-up release will be available to trade is Aug. 5, according to the notice. 

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