Martin J. Vanderploeg - Feb 17, 2023 Form 4 Insider Report for WORKIVA INC (WK)

Signature
/s/ Brandon E. Ziegler as attorney-in-fact for Martin J. Vanderploeg
Stock symbol
WK
Transactions as of
Feb 17, 2023
Transactions value $
-$120,712
Form type
4
Date filed
2/21/2023, 03:39 PM
Previous filing
Feb 7, 2023
Next filing
Jun 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WK Class A Common Stock Gift $0 -63.8K -14.43% $0.00 379K Feb 9, 2023 Direct F1
transaction WK Class A Common Stock Gift $0 +63.8K +29.26% $0.00 282K Feb 9, 2023 By living trust F1
transaction WK Class A Common Stock Award $0 +3.31K +0.87% $0.00 382K Feb 17, 2023 Direct F2
transaction WK Class A Common Stock Tax liability -$121K -1.37K -0.36% $88.24 381K Feb 17, 2023 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 Class B Common Stock 711K Feb 17, 2023 Class A Common Stock 711K By living trust F4
holding WK Class B Common Stock 491K Feb 17, 2023 Class A Common Stock 491K By charitable remainder trust F4
holding WK Employee Stock Option to Purchase Class A Common Stock 84.2K Feb 17, 2023 Class A Common Stock 84.2K $14.74 Direct F5, F6
holding WK Employee Stock Option to Purchase Class A Common Stock 200K Feb 17, 2023 Class A Common Stock 200K $12.40 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a gift of securities by the reporting person to a revocable living trust.
F2 Represents issued shares of 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 76% of the target for the 2022 calendar year. 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 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).
F5 Grant of stock option pursuant to the 2014 Equity Incentive Plan.
F6 Vests in three equal annual installments commencing on the first anniversary of the grant date.