UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
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Section 8 - Other Events
Item 8.01. Other Events
On November 16, 2021, Martin J. Vanderploeg, President and Chief Executive Officer of Workiva Inc. (the "Company"), and Jeffrey B. Trom, Executive Vice President and Chief Technology Officer of the Company, each sold a portion of their Company stock, as part of their strategies for philanthropy, tax planning, asset diversification and liquidity. Messrs. Vanderploeg and Trom have each informed the Company that they intend to continue in their capacities as the Company's President and Chief Executive Officer, and Executive Vice President and Chief Technology Officer, respectively, for the foreseeable future.
Mr. Vanderploeg converted 466,449 shares, or approximately 26.9% of his Class B common stock into Class A common stock. Following this transaction, Mr. Vanderploeg sold 600,000 shares of Class A common stock, representing approximately 24.8% of his beneficially owned stock, in a block trade made in accordance with the provisions of Rule 144 of the Securities Act of 1933. This transaction comprises approximately 1.2% of the Company's total outstanding capital stock. Following this transaction, Mr. Vanderploeg beneficially owns directly and indirectly 554,750 shares of Class A common stock (including options exercisable within 60 days) and 1,264,204 shares of Class B common stock, comprising in the aggregate approximately 3.6% of the Company's total outstanding capital stock, and approximately 14.9% of the voting power of the Company's outstanding capital stock.
Mr. Trom converted 284,645 shares of Class B common stock held in a revocable trust, and 397,750 shares of Class B common stock held by the Martin J. Vanderploeg Charitable Remainder Trust, into Class A common stock. These shares represent in the aggregate approximately 58% of the Class B common stock beneficially owned by Mr. Trom. Following these transactions, Mr. Trom sold 330,000 shares of Class A common stock, representing approximately 23% of his beneficially owned stock, in a block trade made in accordance with the provisions of Rule 144 of the Securities Act of 1933. In addition, the Martin J. Vanderploeg Charitable Remainder Trust donated 397,750 shares of Class A common stock to various charitable organizations. These transactions comprise approximately 1.3% of the Company's total outstanding capital stock. Following these transactions, Mr. Trom beneficially owns directly and indirectly approximately 210,664 shares of Class A common stock (including options exercisable within 60 days) and 491,270 shares of Class B common stock, comprising in the aggregate approximately 1.5% of the Company's total outstanding capital stock, and approximately 5.8% of the voting power of the Company's outstanding capital stock.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 16th day of November, 2021.
WORKIVA INC. | |||||
By: | /s/ Brandon Ziegler | ||||
Name: | Brandon Ziegler | ||||
Title: | Executive Vice President, Chief Legal Officer and Secretary | ||||