Workiva director shifts 60K shares to family trust
Rhea-AI Filing Summary
WORKIVA INC (WK) director Martin J. Vanderploeg reported a restructuring of indirect holdings through bona fide gifts of 60,000 shares of Class B Common Stock on September 15, 2026, moving them from a living trust to an irrevocable family trust for which he serves as investment advisor and an immediate family member is beneficiary. Each Class B share is convertible into one Class A share. After these transfers, indirect holdings through the living trust total 1,141,832 Class B shares and 437,105 Class A shares, and the family trust holds 60,000 Class B shares. He also reports a direct holding of 292,275 Class A shares and a stock option covering 200,204 Class A shares at an exercise price of $12.40 per share expiring January 31, 2027, granted under Workiva’s 2014 Equity Incentive Plan, vesting in three equal annual installments. No Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
120,000 shares gifted
Gift
5 txns
Insider
VANDERPLOEG MARTIN J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock F1, F2 | 60,000 | $0.00 | $0.00 |
| Gift | Class B Common Stock F1, F2 | 60,000 | $0.00 | $0.00 |
| holding | Employee Stock Option to Purchase Class A Common Stock F3, F4 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 1,141,832 contracts (Indirect, By living trust);
Class B Common Stock — 60,000 contracts (Indirect, By family trust);
Employee Stock Option to Purchase Class A Common Stock — 200,204 contracts (Direct);
Class A Common Stock — 292,275 shares (Direct);
Class A Common Stock — 437,105 shares (Indirect, By living trust)
Footnotes (4)
- F1. Each share of Class B Common Stock is convertible, at any time at the election of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon (i) the date specified by the holders of at least 66 2/3% of the outstanding shares of Class B Common Stock, (ii) any transfer, except for certain "qualified transfers" (as defined in the Issuer's Certificate of Incorporation) or (iii) upon the death of a natural person holding shares of Class B Common Stock (subject to certain exceptions as defined in the Issuer's Certificate of Incorporation).
- F2. On September 15, 2026, the reporting person contributed 60,000 shares of indirectly owned Class B Common Stock to an irrevocable trust for which the Reporting Person serves as an investment advisor, and of which the Reporting Person's immediate family member is beneficiary.
- F3. Grant of stock option pursuant to the Workiva Inc. 2014 Equity Incentive Plan.
- F4. Vests in three equal annual installments commencing on the first anniversary of the grant date.
Key Figures
Class B shares gifted: 60,000 shares
Indirect Class B holdings (living trust): 1,141,832 shares
Indirect Class B holdings (family trust): 60,000 shares
+4 more
7 metrics
Class B shares gifted
60,000 shares
Bona fide gift of indirectly owned Class B Common Stock on September 15, 2026
Indirect Class B holdings (living trust)
1,141,832 shares
Class B Common Stock held indirectly by living trust after transactions
Indirect Class B holdings (family trust)
60,000 shares
Class B Common Stock held indirectly by family trust after gift
Direct Class A holdings
292,275 shares
Class A Common Stock held directly after transactions
Indirect Class A holdings (living trust)
437,105 shares
Class A Common Stock held indirectly by living trust after transactions
Stock option exercise price
$12.40 per share
Employee stock option to purchase Class A Common Stock expiring January 31, 2027
Underlying shares on option
200,204 shares
Class A shares underlying employee stock option granted under 2014 Equity Incentive Plan
Key Terms
Class B Common Stock, Class A Common Stock, irrevocable trust, 2014 Equity Incentive Plan, +2 more
6 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible, at any time at the election"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"Each share of Class B Common Stock is convertible, at any time at the election"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
irrevocable trust financial
"contributed 60,000 shares of indirectly owned Class B Common Stock to an irrevocable trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
2014 Equity Incentive Plan financial
"Grant of stock option pursuant to the Workiva Inc. 2014 Equity Incentive Plan"
vests in three equal annual installments financial
"Vests in three equal annual installments commencing on the first anniversary"
bona fide gift financial
"transaction code description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Workiva (WK) director Martin J. Vanderploeg report?
He reported a bona fide gift of 60,000 shares of Class B Common Stock on September 15, 2026, contributing indirectly owned shares from a living trust to an irrevocable family trust for which he is investment advisor and an immediate family member is beneficiary.
How did Martin J. Vanderploeg’s indirect holdings in Workiva (WK) change?
After the gifts, a living trust associated with him holds 1,141,832 Class B and 437,105 Class A shares, and a family trust holds 60,000 Class B shares. The transactions reallocate ownership among family trusts rather than reflect market purchases or sales.
Were Martin J. Vanderploeg’s Workiva (WK) transactions under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5-1 trading plan for these transactions. They are reported as bona fide gifts and changes in indirect ownership through family trusts, not as trades executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
