Workiva (WK) Director Martin Vanderploeg Gifts 60,000 Shares
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Workiva (WK) Director Martin Vanderploeg Gifts 60,000 Shares
What Happened
Martin J. Vanderploeg, a director of Workiva Inc. (WK), reported a gift transaction on September 15, 2026, transferring 60,000 shares of Class B Common Stock to an irrevocable trust. The transaction is reported as a gift (transaction code G) at $0 per share, with no cash proceeds. The filing records both a disposition and an acquisition of 60,000 shares to reflect the transfer into the trust.
Key Details
- Transaction date: 2026-09-15; filing date (Form 4): 2026-09-16 (timely filing).
- Transaction type/code: Gift (G); Price reported: $0.00; Shares transferred: 60,000.
- Securities involved: Class B Common Stock (each share convertible into one share of Class A Common Stock; see footnote).
- Post-transaction ownership: The filing does not state the reporter’s total shares owned after the transfer.
- Footnotes of note:
- F1: Class B shares are convertible into Class A shares under specified conditions.
- F2: Vanderploeg contributed 60,000 indirectly owned Class B shares to an irrevocable trust for which he serves as investment advisor and an immediate family member is the beneficiary.
- Not an option exercise or sale; no cash proceeds and not reported under a 10b5-1 plan.
Context
Gifts to trusts are commonly used for estate or family planning and do not necessarily indicate the insider’s view of the company’s prospects. Because these shares are Class B (convertible into Class A), the economic rights may be similar after conversion; the transaction itself generated no proceeds for the reporting person.