Martin J. Vanderploeg - Aug 13, 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
Stock symbol: WK
Transactions as of: Aug 13, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/17/2021, 04:49 PM
Previous filing: Aug 11, 2021
Next filing: Aug 20, 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	+216K	+957.03%	$0.00	239K	Aug 13, 2021	By living trust
holding	WK	Class A Common Stock						358K	Aug 13, 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	-216K	-15.5%	$0.00	1.18M	Aug 13, 2021	Class A Common Stock	216K		By living trust	F1
holding	WK	Class B Common Stock						889K	Aug 13, 2021	Class A Common Stock	889K		By charitable remainder trust	F1
holding	WK	Employee Stock Option to Purchase Class A Common Stock						200K	Aug 13, 2021	Class A Common Stock	200K	$12.40	Direct	F2, F3
holding	WK	Employee Stock Option to Purchase Class A Common Stock						168K	Aug 13, 2021	Class A Common Stock	168K	$14.74	Direct	F2, F3
holding	WK	Employee Stock Option to Purchase Class A Common Stock						134K	Aug 13, 2021	Class A Common Stock	134K	$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.