Form 4: Workiva Director Martin J. Vanderploeg Reports Stock Purchases
SEC Form 4 Filing
Director Martin J. Vanderploeg of Workiva Inc. reports purchasing Class A Common Stock through a living trust.
Summary
- On September 11, 2024, Martin J. Vanderploeg, a director at Workiva Inc., purchased shares of Class A Common Stock.
- The purchases were made through a living trust.
- A total of 3,122 shares were bought at a weighted-average price of $69.85, with prices ranging from $69.57 to $70.09.
- An additional 878 shares were purchased at a weighted-average price of $70.81, with prices ranging from $70.66 to $71.04.
- Following these transactions, Vanderploeg beneficially owns 324,791 shares directly and 345,869 shares indirectly through the living trust.
- Vanderploeg also indirectly owns 710,562 shares of Class A Common Stock through a living trust, convertible from Class B Common Stock, and 491,270 shares through a charitable remainder trust.
- He also holds options to purchase 84,210 and 200,204 shares of Class A Common Stock at exercise prices of $14.74 and $12.40, respectively.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of stock purchases by a director. The purchases themselves could be interpreted as a slightly positive signal.
Positives
- The director's purchase of shares may signal confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The stock purchases may have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/01/2017 | Date Employee Stock Option to Purchase Class A Common Stock vests in three equal annual installments commencing on the first anniversary of the grant date. |
| 01/31/2026 | Expiration date of Employee Stock Option to Purchase Class A Common Stock. |
| 02/01/2018 | Date Employee Stock Option to Purchase Class A Common Stock vests in three equal annual installments commencing on the first anniversary of the grant date. |
| 01/31/2027 | Expiration date of Employee Stock Option to Purchase Class A Common Stock. |
| 09/11/2024 | Date of the reported stock purchases. |
| 09/13/2024 | Date of signature on the Form 4 filing. |
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