D. Trom - Aug 9, 2021 Form 4 Insider Report for WORKIVA INC (WK)

Role: Executive VP & CTO, 10%+ Owner
Signature: /s/ Brandon E. Ziegler as attorney-in-fact for Jeffrey D. Trom
Stock symbol: WK
Transactions as of: Aug 9, 2021
Transactions value $: -$76,500,000
Form type: 4
Date filed: 8/11/2021, 04:35 PM
Previous filing: Jul 26, 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	+525K	+700%	$0.00	600K	Aug 9, 2021	By revocable trust
transaction	WK	Class A Common Stock	Sale	-$76.5M	-600K	-100%	$127.50	0	Aug 9, 2021	By revocable trust
holding	WK	Class A Common Stock						271K	Aug 9, 2021	Direct

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	-525K	-67.42%	$0.00	254K	Aug 9, 2021	Class A Common Stock	525K		By revocable trust	F1
holding	WK	Class B Common Stock						328K	Aug 9, 2021	Class A Common Stock	328K		By charitable remainder trust	F1
holding	WK	Class B Common Stock						57K	Aug 9, 2021	Class A Common Stock	57K		By irrevocable trust	F1
holding	WK	Class B Common Stock						57K	Aug 9, 2021	Class A Common Stock	57K		By irrevocable trust	F1
holding	WK	Class B Common Stock						57K	Aug 9, 2021	Class A Common Stock	57K		By irrevocable trust	F1
holding	WK	Employee Stock Option to Purchase Class A Common Stock						25.2K	Aug 9, 2021	Class A Common Stock	25.2K	$12.40	Direct	F2, F3
holding	WK	Employee Stock Option to Purchase Class A Common Stock						21.2K	Aug 9, 2021	Class A Common Stock	21.2K	$14.74	Direct	F2, F3
holding	WK	Employee Stock Option to Purchase Class A Common Stock						160K	Aug 9, 2021	Class A Common Stock	160K	$15.83	Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	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).
F2	Granted pursuant to the 2014 Equity Incentive Plan.
F3	Vests in three equal annual installments commencing on the first anniversary of the grant date.
F4	Granted pursuant to 2009 Unit Incentive Plan.
F5	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.