Form 4: Workiva Director Vanderploeg Reports Stock Transactions
SEC Form 4 Filing
Director Martin J. Vanderploeg reports changes in beneficial ownership of Workiva Inc. stock due to tax withholding and holdings in trusts.
Summary
- On February 1, 2025, Director Martin J. Vanderploeg reported transactions involving Workiva Inc. (WK) stock.
- 2,886 shares of Class A Common Stock were disposed of to cover withholding taxes at a price of $98.22 per share.
- Following the transaction, Vanderploeg directly owns 312,099 shares of Class A Common Stock.
- Vanderploeg also indirectly owns 355,675 shares of Class A Common Stock through a living trust.
- Additionally, the living trust holds 710,562 shares of Class B Common Stock, convertible to Class A Common Stock.
- A charitable remainder trust holds 491,270 shares of Class B Common Stock, also convertible to Class A Common Stock.
- Vanderploeg also holds options to purchase 84,210 shares of Class A Common Stock at $14.74, vesting from 2017 and expiring in 2026.
- He also holds options to purchase 200,204 shares of Class A Common Stock at $12.4, vesting from 2018 and expiring in 2027.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard insider trading activity. There is no inherent positive or negative sentiment.
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 into the trading activities of company executives and directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The information disclosed is consistent with SEC regulations and reporting requirements.
- Comparable companies such as Salesforce (CRM) and Adobe (ADBE) also have similar insider transaction filings.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions are unlikely to have a significant impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/01/2017 | Commencement of vesting for stock options to purchase Class A Common Stock at $14.74. |
| 02/01/2018 | Commencement of vesting for stock options to purchase Class A Common Stock at $12.4. |
| 01/31/2026 | Expiration date for stock options to purchase Class A Common Stock at $14.74. |
| 01/31/2027 | Expiration date for stock options to purchase Class A Common Stock at $12.4. |
| 02/01/2025 | Date of transaction: Disposition of shares for tax withholding. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
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