SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 6.3% Stake in Workiva Inc.
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a beneficial ownership of 6.3% of Workiva Inc.'s Class A Common Stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 3,242,497.11 shares of Workiva Inc.'s Class A Common Stock.
- This represents 6.3% of the total outstanding Class A Common Stock.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported stake.
- FMR LLC holds sole voting power over 3,239,634.23 shares and sole dispositive power over 3,242,497.11 shares.
- Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is also reported as beneficially owning the same 3,242,497.11 shares with sole dispositive power.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Workiva Inc.
Sentiment
Score: 5
Explanation: Neutral. This is a factual regulatory filing about ownership, not a performance or strategic announcement.
Positives
- A significant institutional investor (FMR LLC) maintains a substantial stake (6.3%) in Workiva Inc., indicating continued confidence.
- The filing explicitly states the shares are held in the ordinary course of business and not for influencing control, suggesting a passive investment stance.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding Workiva Inc.'s future performance or outlook.
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
This filing is a routine disclosure of a significant passive ownership stake by a major institutional investor, FMR LLC, in Workiva Inc., a company operating in the financial reporting and compliance software industry. It reflects FMR LLC's ongoing investment strategy rather than a specific industry trend or competitive action.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Disclosure of the Johnson family's predominant ownership of Series B voting common shares of FMR LLC (49% voting power) and their shareholders' voting agreement, which may deem them a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | N/A | Clarifies the internal governance and control structure of the reporting entity, FMR LLC, rather than Workiva Inc. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional shareholder's stake, which can be viewed positively as a vote of confidence.
- Management: Awareness of a large, passive institutional holder.
Next Steps
- FMR LLC and Abigail P. Johnson will continue to file Schedule 13G amendments if their beneficial ownership percentage changes by more than 1% or if there are other material changes to the information previously reported.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | Date of previous Schedule 13G filing by FMR LLC (accession number -23-000003) where Power of Attorney was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of previous Schedule 13G filing by FMR LLC (accession number -23-000038) where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting date for ownership). |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
Workiva Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Equity Stake
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