ENTWISTLE & CAPPUCCI LLP APPOINTED CO-LEAD COUNSEL IN SECURITIES CLASS ACTION INVOLVING KNOWBE4, INC. AND RELATED DEFENDANTS

September 2, 2025

On September 2, 2025, the United States District Court for the Southern District of Florida appointed Entwistle & Cappucci LLP (“E&C” or the “Firm) as Co-Lead Counsel in the securities class action against KnowBe4, Inc. (“KnowBe4” or the “Company”) and related defendants.

The case is brought on behalf of all persons or entities that: (a) held shares of KnowBe4, Inc. common stock as of the December 7, 2022 record date (the “Record Date”) that were entitled to vote on the “take-private” acquisition (the “Merger”) by Vista Equity Partners Management, LLC and its affiliates (collectively, “Vista”) and thus were damaged by defendants’ violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”); and/or (b) sold or otherwise disposed of the publicly-traded common stock of KnowBe4 common stock from the October 12, 2022 announcement date through the February 1, 2023 close of the Merger, including those who sold shares into the Merger, and thus were damaged by defendants’ alleged violations of Section 10(b) and 20(a) of the Exchange Act.

Specifically, the plaintiffs allege the defendants made a series of materially false and misleading statements and omissions of material facts in KnowBe4’s October 2022 press release announcing the subject Merger, as well as the December 22, 2022 Proxy statement (the “Proxy”).  Among other things, the plaintiffs allege the Proxy and other solicitation materials misled investors regarding the fairness of the Merger and by omitting that KKR increased the amount of its equity rollover after learning of the Merger price.

A copy of the Court’s Order appointing Co-Lead Plaintiffs and Co-Lead Counsel can be found here.