Form 4: Workiva Director Vanderploeg Acquires Shares in Recent Transactions
SEC Form 4 Filing
Martin J. Vanderploeg, a director at Workiva Inc., recently acquired shares of Class A Common Stock through purchases at weighted-average prices.
Summary
- On August 9, 2024, Martin J. Vanderploeg, a director at Workiva Inc., acquired 3,710 shares of Class A Common Stock at a weighted-average price of $74.94.
- He also acquired 290 shares of Class A Common Stock at a weighted-average price of $75.61 on the same day.
- Following these transactions, Vanderploeg directly owns 326,862 shares of Class A Common Stock and indirectly owns 337,869 shares through a living trust.
- He also indirectly owns 710,562 shares of Class A Common Stock through a living trust and 491,270 shares through a charitable remainder trust, which are convertible from Class B Common Stock.
- Vanderploeg 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: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the buying and selling activities of company directors and officers.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- Comparable companies like Intuit, Autodesk, and Anaplan also have similar insider transaction disclosures.
- The volume and price of shares traded are typical for insider transactions, reflecting personal investment decisions and portfolio management.
Stakeholder Impact
- The transactions may have a minor impact on shareholder sentiment, as insider buying is often viewed positively.
- The filing ensures transparency for all stakeholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 02/01/2017 | Date Employee Stock Option to Purchase Class A Common Stock was granted. |
| 02/01/2018 | Date Employee Stock Option to Purchase Class A Common Stock was granted. |
| 01/31/2026 | Expiration date of Employee Stock Option to Purchase Class A Common Stock. |
| 01/31/2027 | Expiration date of Employee Stock Option to Purchase Class A Common Stock. |
| 08/09/2024 | Date of transaction: purchase of Class A Common Stock. |
| 08/13/2024 | Date of signature on the Form 4. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.