Jill E. Klindt - 15 Feb 2024 Form 4 Insider Report for WORKIVA INC (WK)

Role
EVP, CFO & Treasurer
Signature
/s/ Brandon E. Ziegler as attorney-in-fact for Jill E. Klindt
Issuer symbol
WK
Transactions as of
15 Feb 2024
Net transactions value
-$274,801
Form type
4
Filing time
20 Feb 2024, 16:44:02 UTC
Previous filing
05 Feb 2024
Next filing
05 Mar 2024
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 Award $0 +2,060 +2% $0.000000 104,538 15 Feb 2024 Direct F1
transaction WK Class A Common Stock Award $0 +4,419 +4.2% $0.000000 108,957 15 Feb 2024 Direct F2
transaction WK Class A Common Stock Tax liability $274,801 -2,920 -2.7% $94.11 106,037 15 Feb 2024 Direct F3

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 Employee Stock Option to Purchase Class A Common Stock 25,000 15 Feb 2024 Class A Common Stock 25,000 $18.60 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of issuer common stock earned in connection with performance restricted stock units ("PSUs") granted to the Reporting Person on February 1, 2022. The Compensation Committee certified the performance conditions and the PSUs were earned and vested at 80% of the target for the 2022-2023 performance period. Subject to the continued employment of the Reporting Person and achievement of applicable annual revenue growth rate goals, additional PSUs will vest following the completion of the remaining calendar year in the three-year performance period.
F2 Represents shares of issuer common stock earned in connection with performance restricted stock units ("PSUs") granted to the Reporting Person on February 1, 2023. The Compensation Committee certified the performance conditions and the PSUs were earned and vested at 100% of the target for the 2023 performance period. Subject to the continued employment of the Reporting Person and achievement of applicable annual revenue growth rate goals, additional PSUs will vest following the completion of the remaining calendar years in the three-year performance period.
F3 Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of PSUs previously granted.
F4 Granted pursuant to the 2014 Equity Incentive Plan.
F5 Vests as to 25% of the shares on the first anniversary of the grant date and then 6.25% of the shares at the end of each three-month period thereafter.