D. Trom - Oct 25, 2021 Form 4 Insider Report for WORKIVA INC (WK)

Role: Executive VP & CTO
Signature: /s/ Brandon E. Ziegler as attorney-in-fact for Jeffrey D. Trom
Stock symbol: WK
Transactions as of: Oct 25, 2021
Transactions value $: -$3,732,811
Form type: 4
Date filed: 10/27/2021, 04:27 PM
Previous filing: Sep 28, 2021
Next filing: Nov 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WK	Class A Common Stock	Sale	-$1.59M	-10.7K	-11.88%	$148.48	79.3K	Oct 25, 2021	By revocable trust	F1, F2
transaction	WK	Class A Common Stock	Sale	-$1.2M	-8K	-10.08%	$149.48	71.3K	Oct 25, 2021	By revocable trust	F1, F3
transaction	WK	Class A Common Stock	Sale	-$950K	-6.31K	-8.85%	$150.51	65K	Oct 25, 2021	By revocable trust	F1, F4
holding	WK	Class A Common Stock						284K	Oct 25, 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
holding	WK	Class B Common Stock						114K	Oct 25, 2021	Class A Common Stock	114K		By revocable trust	F5
holding	WK	Class B Common Stock						328K	Oct 25, 2021	Class A Common Stock	328K		By revocable trust	F5
holding	WK	Class B Common Stock						57K	Oct 25, 2021	Class A Common Stock	57K		By irrevocable trust	F5
holding	WK	Class B Common Stock						57K	Oct 25, 2021	Class A Common Stock	57K		By irrevocable trust	F5
holding	WK	Class B Common Stock						57K	Oct 25, 2021	Class A Common Stock	57K		By irrevocable trust	F5
holding	WK	Employee Stock Option to Purchase Class A Common Stock						25.2K	Oct 25, 2021	Class A Common Stock	25.2K	$12.40	Direct	F6, F7
holding	WK	Employee Stock Option to Purchase Class A Common Stock						21.2K	Oct 25, 2021	Class A Common Stock	21.2K	$14.74	Direct	F6, F7
holding	WK	Employee Stock Option to Purchase Class A Common Stock						160K	Oct 25, 2021	Class A Common Stock	160K	$15.83	Direct	F8, F9

* 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 effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2020 in accordance with Rule 10b5-1 of Securities Exchange Act of 1934, as amended. This Rule 10b5-1 plan provides for fixed sales of a total of up to 300,000 shares of stock options and Class A Common Stock through January 2022.
F2	The price reported in Column 4 is a weighted-average price. The price actually received ranges from $148.11 to $149.08. For all transactions reported in this Form 4 utilizing a weighted-average price, the Reporting Person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F3	The price reported in Column 4 is a weighted-average price. The price actually received ranges from $149.11 to $150.04. For all transactions reported in this Form 4 utilizing a weighted-average price, the Reporting Person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F4	The price reported in Column 4 is a weighted-average price. The price actually received ranges from $150.17 to $151.01. For all transactions reported in this Form 4 utilizing a weighted-average price, the Reporting Person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F5	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).
F6	Granted pursuant to the 2014 Equity Incentive Plan.
F7	Vests in three equal annual installments commencing on the first anniversary of the grant date.
F8	Granted pursuant to 2009 Unit Incentive Plan.
F9	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.