[144] Workiva Inc. SEC Filing

Rhea-AI Filing Summary

Workiva Inc. (WK) Form 144 filing: Insider Matthew Rizai has notified the SEC of his intent to sell up to 50,000 common shares through Merrill Lynch on or after 01 Aug 2025. At the referenced market price this equates to approximately $3.88 million. With 55.73 million shares outstanding, the proposed sale equals roughly 0.09 % of total shares.

The filer already disposed of 100,000 shares on 14 Jul 2025 and 28,200 shares on 19 May 2025, realising combined gross proceeds of $8.69 million. Together with the planned sale, the insider will have liquidated the entire 178,200-share block acquired for cash on 11 Jul 2024.

• Broker: Merrill Lynch, West Des Moines, IA
• Planned exchange: NYSE
• Relationship to issuer not specified; certification affirms no undisclosed adverse information.

The filing signals continued insider selling but the volume is small relative to float, limiting direct supply impact. Investors often monitor Form 144s for sentiment shifts and potential overhang.

Positive

• None.

Negative

• Continued insider selling: 50,000 additional shares follow 128,200 shares sold in prior 3 months, signalling potential negative insider sentiment.

Insights

Equity Analyst

TL;DR: Insider plans final 50k-share sale; dollar value modest, sentiment mildly negative.

Rizai’s cumulative 178,200-share liquidation represents just 0.32% of Workiva’s float, so supply pressure is minimal. However, the steady cadence of sales—$8.69 M already executed plus $3.88 M planned—can be read as insider confidence cooling after recent price appreciation. No information on motives or 10b5-1 plan is given, so the market may discount the move as routine portfolio management. Overall impact: limited, with a slight negative bias due to ongoing insider selling.

Corporate Governance Specialist

TL;DR: Filing shows compliance with Rule 144; governance risk low.

The notice meets Rule 144 disclosure standards: acquisition source, dates, broker and prior sales are detailed; certification confirms absence of undisclosed material info. Lack of gifting or complex consideration reduces conflict-of-interest concerns. Because the stake sold is immaterial to total outstanding shares, control implications are negligible. From a governance lens, this is a routine, transparent transaction.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 7545 Ashworth Rd, Ste 100 West Des Moines IA 50266	50000	3882500.00	55730000	08/01/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/11/2024	Cash	Workiva, Inc			178200	07/11/2024	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Matthew Rizai 2200 N Ocean Blvd Unit S901 Ft Lauderdale FL 33305	Common	07/14/2025	100000	6714000.00
Matthew Rizai 2200 N Ocean Blvd Unit S901 Ft Lauderdale FL 33305	Common	05/19/2025	28200	1972146.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Workiva (WK) shares are proposed for sale in this Form 144?

The filer plans to sell 50,000 common shares.

What is the estimated value of the planned Workiva share sale?

At the stated market price, the sale is valued at $3.88 million.

How many shares has the insider already sold in the last 3 months?

The insider sold 128,200 shares for gross proceeds of $8.69 million.

What percentage of Workiva’s outstanding shares does the new sale represent?

Approximately 0.09 % of the 55.73 million shares outstanding.

Which broker will execute the sale and on which exchange?

Merrill Lynch will execute the trade on the NYSE.