Martin J. Vanderploeg - 20 Feb 2025 Form 4 Insider Report for WORKIVA INC (WK)

Role
Director
Signature
/s/ Brandon E. Ziegler as attorney-in-fact for Martin J. Vanderploeg
Issuer symbol
WK
Transactions as of
20 Feb 2025
Net transactions value
-$37,909
Form type
4
Filing time
24 Feb 2025, 16:31:02 UTC
Previous filing
04 Feb 2025
Next filing
17 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WK Class A Common Stock Award $0 +2,828 +0.91% $0.000000 314,927 20 Feb 2025 Direct F1
transaction WK Class A Common Stock Tax liability $37,909 -438 -0.14% $86.55 314,489 20 Feb 2025 Direct F2
holding WK Class A Common Stock 355,675 20 Feb 2025 By living trust

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 710,562 20 Feb 2025 Class A Common Stock 710,562 By living trust F3
holding WK Class B Common Stock 491,270 20 Feb 2025 Class A Common Stock 491,270 By charitable remainder trust F3
holding WK Employee Stock Option to Purchase Class A Common Stock 84,210 20 Feb 2025 Class A Common Stock 84,210 $14.74 Direct F4, F5
holding WK Employee Stock Option to Purchase Class A Common Stock 200,204 20 Feb 2025 Class A Common Stock 200,204 $12.40 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 65% of the target for the 2022-2024 performance period. These PSUs became fully vested upon certification by the Compensation Committee.
F2 Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of PSUs previously granted.
F3 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).
F4 Grant of stock option pursuant to the 2014 Equity Incentive Plan.
F5 Vests in three equal annual installments commencing on the first anniversary of the grant date.