Martin J. Vanderploeg - 09 Aug 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
Issuer symbol
WK
Transactions as of
09 Aug 2021
Net transactions value
-$93,081,096
Form type
4
Filing time
11 Aug 2021, 16:32:07 UTC
Previous filing
21 Jul 2021
Next filing
17 Aug 2021
SEC
View on sec.gov

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 +561,029 +368% $0.000000 713,597 09 Aug 2021 By living trust F1
transaction WK Class A Common Stock Sale $88,106,198 -691,029 -97% $127.50 22,568 09 Aug 2021 By living trust F1
transaction WK Class A Common Stock Options Exercise $705,226 +44,550 +12% $15.83 402,251 09 Aug 2021 Direct F1
transaction WK Class A Common Stock Sale $5,680,125 -44,550 -11% $127.50 357,701 09 Aug 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 -561,029 -29% $0.000000 1,392,994 09 Aug 2021 Class A Common Stock 561,029 By living trust F2
transaction WK Employee Stock Option to Purchase Class A Common Stock Options Exercise $0 -44,550 -25% $0.000000 133,650 09 Aug 2021 Class A Common Stock 44,550 $15.83 Direct F3, F4
holding WK Class B Common Stock 889,020 09 Aug 2021 Class A Common Stock 889,020 By charitable remainder trust F2
holding WK Employee Stock Option to Purchase Class A Common Stock 200,204 09 Aug 2021 Class A Common Stock 200,204 $12.40 Direct F5, F6
holding WK Employee Stock Option to Purchase Class A Common Stock 168,421 09 Aug 2021 Class A Common Stock 168,421 $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.