WK Form 144: 100K-Share Insider Sale Worth $6.7 M Planned

Rhea-AI Filing Summary

Form 144 Overview: Workiva Inc. (NYSE: WK) has received a Form 144 notice indicating the proposed sale of 100,000 common shares through Merrill Lynch, West Des Moines, IA. The shares have an aggregate market value of $6.714 million based on the market price at the time of filing. The filing sets an approximate sale date of 14 July 2025.

Ownership Context: The company reports 55.73 million shares outstanding; the planned sale therefore represents roughly 0.18 % of total shares, a relatively small fraction of the float. According to the form, the same account holder—identified as Matthew Rizai—sold 28,200 shares on 19 May 2025 for $1.972 million. The shares proposed for sale were acquired on 11 July 2024 for cash, suggesting they have been held for more than six months, satisfying holding-period requirements for Rule 144 sales.

Investor Considerations: Form 144 filings are not a guarantee that a sale will occur; they serve as advance notice of an affiliate’s intent. The overall size of the sale is modest relative to Workiva’s market capitalization and should not materially affect the share count or trigger dilution. Nonetheless, investors often monitor Form 144 activity as a gauge of insider sentiment, and repeated or sizable disposals can contribute to negative perception in the market.

Positive

• Sale equals only ~0.18 % of shares outstanding, indicating limited impact on float and market liquidity.

Negative

• Continuation of insider selling trend—100,000 shares proposed after 28,200 shares sold in May—can create negative sentiment despite limited dilution.

Insights

Securities Analyst

TL;DR 100 k-share Form 144 (~0.18 % float); modest size, neutral impact, but signals continued insider-selling trend.

The filing discloses a potential $6.7 million disposition by Matthew Rizai following a 28.2 k-share sale in May. While the absolute dollar amount is material for the seller, it is immaterial to Workiva’s capitalization. No pricing discount or block-trade structure is specified, implying an open-market execution on the NYSE. Investors should track subsequent Form 4 or 144/3(a)(4) filings to confirm execution and total remaining holdings. At this scale, liquidity impact is negligible; nevertheless, sequential insider sales may weigh on sentiment if they persist.

Corporate Governance Expert

TL;DR Routine Rule 144 notice; compliance signal, not a red flag.

Rule 144 requires affiliates to pre-notify sizable trades. The disclosure confirms adherence to governance protocols, including a representation of no undisclosed adverse information. With holding-period and volume limits apparently satisfied, regulatory risk is minimal. Investors should note whether this activity is covered by a 10b5-1 plan (not specified) and monitor for clustering of additional sales that could indicate strategic diversification by insiders rather than a view on fundamentals.

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	100000	6714000.00	55730000	07/14/2025	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	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 being proposed for sale in this Form 144?

The notice covers 100,000 common shares valued at approximately $6.714 million.

What percentage of Workiva's outstanding shares does the proposed sale represent?

About 0.18 % of the company’s 55.73 million shares outstanding.

When is the proposed sale date for the Workiva shares?

The approximate sale date listed is 14 July 2025.

Has the seller disposed of Workiva shares recently?

Yes. The same account sold 28,200 shares on 19 May 2025 for $1.972 million.

Does a Form 144 guarantee that the Workiva shares will be sold?

No. Form 144 is only a notice of intent; the seller may or may not execute the transaction.