Form 4: Workiva CFO Sells Over 7,700 Shares of Class A Common Stock

Workiva Inc.'s Executive Vice President, CFO, and Treasurer, Jill Klindt, reported the sale of 7,773 shares of Class A Common Stock at a weighted-average price of $67.10 per share.

Summary

• Jill Klindt, EVP, CFO & Treasurer of Workiva Inc. (WK), reported a transaction on May 23, 2025.
• The transaction involved the disposition (sale) of 7,773 shares of Class A Common Stock.
• The shares were sold at a weighted-average price of $67.10 per share, with prices ranging from $66.77 to $67.37.
• Following this transaction, Ms. Klindt beneficially owns 107,581 shares of Class A Common Stock directly.
• The filing also notes that Ms. Klindt holds 25,000 employee stock options to purchase Class A Common Stock, granted under the 2014 Equity Incentive Plan.
• These options have an exercise price of $18.60, were granted on July 3, 2018, and expire on July 2, 2027.
• The options vest 25% on the first anniversary of the grant date and then 6.25% at the end of each three-month period thereafter.
• The transaction was made pursuant to a contract, instruction, or written plan for the sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine disclosure of an insider stock transaction, likely pre-planned, and does not inherently indicate positive or negative company performance or outlook.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged sale and reducing concerns about opportunistic insider trading.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived by the market as a lack of confidence, though this is a routine disclosure for executives managing their personal portfolios.

Future Outlook

This Form 4 filing is a transactional report and does not provide forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual executive's stock activity within the software and financial reporting solutions industry.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in direct insider ownership, which is generally a routine event and not typically indicative of significant changes in company prospects, especially when conducted under a 10b5-1 plan.

Key Dates

Keywords

Workiva, WK, SEC Form 4, Insider Trading, Stock Sale, Executive Compensation, Beneficial Ownership, Jill Klindt, CFO, Equity Incentive Plan, Stock Options