Michael D. Hawkins - Feb 1, 2024 Form 4 Insider Report for WORKIVA INC (WK)

Role
EVP, Sales
Signature
/s/ Brandon E. Ziegler as attorney-in-fact for Michael D. Hawkins
Stock symbol
WK
Transactions as of
Feb 1, 2024
Transactions value $
$339,508
Form type
4
Date filed
2/5/2024, 05:25 PM
Previous filing
Nov 6, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WK Class A Common Stock Award $2.24M +23.5K +39.76% $95.37 82.6K Feb 1, 2024 Direct F1, F2
transaction WK Class A Common Stock Tax liability -$831K -8.71K -10.55% $95.37 73.9K Feb 1, 2024 Direct F3
transaction WK Class A Common Stock Sale -$1.07M -11.4K -15.48% $93.62 62.5K Feb 2, 2024 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Grant of restricted stock units pursuant to the 2014 Equity Incentive Plan.
F2 Vests in three equal annual installments commencing on the first anniversary of the grant date.
F3 Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock units previously granted.
F4 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 11, 2023 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 20,152 shares of Class A Common Stock through February 2024.
F5 The price reported in Column 4 is a weighted-average price. The price actually received ranges from $93.49 to $94.31. 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.