Martin J. Vanderploeg - Aug 9, 2021 Form 4 Insider Report for WORKIVA INC (WK)

Role: President & CEO, Director, 10%+ Owner
Signature: /s/ Brandon E. Ziegler as attorney-in-fact for Martin J. Vanderploeg
Stock symbol: WK
Transactions as of: Aug 9, 2021
Transactions value $: -$93,081,096
Form type: 4
Date filed: 8/11/2021, 04:32 PM
Previous filing: Jul 21, 2021
Next filing: Aug 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WK	Class A Common Stock	Conversion of derivative security	$0	+561K	+367.72%	$0.00	714K	Aug 9, 2021	By living trust	F1
transaction	WK	Class A Common Stock	Sale	-$88.1M	-691K	-96.84%	$127.50	22.6K	Aug 9, 2021	By living trust	F1
transaction	WK	Class A Common Stock	Options Exercise	$705K	+44.6K	+12.45%	$15.83	402K	Aug 9, 2021	Direct	F1
transaction	WK	Class A Common Stock	Sale	-$5.68M	-44.6K	-11.08%	$127.50	358K	Aug 9, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WK	Class B Common Stock	Conversion of derivative security	$0	-561K	-28.71%	$0.00	1.39M	Aug 9, 2021	Class A Common Stock	561K		By living trust	F2
transaction	WK	Employee Stock Option to Purchase Class A Common Stock	Options Exercise	$0	-44.6K	-25%	$0.00	134K	Aug 9, 2021	Class A Common Stock	44.6K	$15.83	Direct	F3, F4
holding	WK	Class B Common Stock						889K	Aug 9, 2021	Class A Common Stock	889K		By charitable remainder trust	F2
holding	WK	Employee Stock Option to Purchase Class A Common Stock						200K	Aug 9, 2021	Class A Common Stock	200K	$12.40	Direct	F5, F6
holding	WK	Employee Stock Option to Purchase Class A Common Stock						168K	Aug 9, 2021	Class A Common Stock	168K	$14.74	Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were transacted for tax planning purposes in connection with a divorce settlement agreement.
F2	Each share of Class B Common Stock is convertible, at any time at the election of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon (i) the date specified by the holders of at least 66 2/3% of the outstanding shares of Class B Common Stock, (ii) any transfer, except for certain "qualified transfers" (as defined in the Issuer's Certificate of Incorporation) or (iii) upon the death of a natural person holding shares of Class B Common Stock (subject to certain exceptions as defined in the Issuer's Certificate of Incorporation).
F3	Granted pursuant to 2009 Unit Incentive Plan.
F4	Vests as to 25% of the shares on the first anniversary of the grant date and as to 6.25% of the shares at the end of each three-month period thereafter.
F5	Grant of stock option pursuant to the 2014 Equity Incentive Plan.
F6	Vests in three equal annual installments commencing on the first anniversary of the grant date.