Martin J. Vanderploeg - 13 Aug 2021 Form 4 Insider Report for WORKIVA INC (WK)

Role: President & CEO, Director
Signature: /s/ Brandon E. Ziegler as attorney-in-fact for Martin J. Vanderploeg
Issuer symbol: WK
Transactions as of: 13 Aug 2021
Net transactions value: $0
Form type: 4
Filing time: 17 Aug 2021, 16:49:42 UTC
Previous filing: 11 Aug 2021
Next filing: 20 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	+215,983	+957%	$0.000000	238,551	13 Aug 2021	By living trust
holding	WK	Class A Common Stock						357,701	13 Aug 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	-215,983	-16%	$0.000000	1,177,011	13 Aug 2021	Class A Common Stock	215,983		By living trust	F1
holding	WK	Class B Common Stock						889,020	13 Aug 2021	Class A Common Stock	889,020		By charitable remainder trust	F1
holding	WK	Employee Stock Option to Purchase Class A Common Stock						200,204	13 Aug 2021	Class A Common Stock	200,204	$12.40	Direct	F2, F3
holding	WK	Employee Stock Option to Purchase Class A Common Stock						168,421	13 Aug 2021	Class A Common Stock	168,421	$14.74	Direct	F2, F3
holding	WK	Employee Stock Option to Purchase Class A Common Stock						133,650	13 Aug 2021	Class A Common Stock	133,650	$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	Grant of stock option 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.