The proposed sale is small and routine for a 10% holder, but the pattern of three prior sales in two months warrants monitoring for any acceleration. Watch for Form 4 filings confirming actual sales and any change in Rizai's ownership percentage in the next 10-Q.
Price Chart
Executive Summary
Matthew Rizai, a 10% stockholder of Workiva Inc., filed a Form 144 notice of intent to sell 20,000 shares of common stock, with an approximate market value of $1.22 million based on the filing date. This follows three recent sales by Rizai in June and July 2026 totaling over 170,000 shares, suggesting a pattern of ongoing monetization by a major insider. The sale is small relative to Rizai's total holdings of over 2 million shares and Workiva's $3.4B market cap, limiting its standalone impact, but the consistent selling pattern warrants monitoring.
Key Facts
- Matthew Rizai, a 10% stockholder, filed Form 144 to sell 20,000 shares of Workiva common stock.
- The proposed sale has an approximate market value of $1,220,622 based on the filing date.
- Rizai has sold over 170,000 shares in three separate transactions since June 2026, totaling approximately $8.7 million.
- Rizai still holds over 2 million shares of Workiva common stock, indicating the proposed sale represents less than 1% of his holdings.
- Workiva has a market capitalization of $3.4 billion, making this sale immaterial on a percentage basis.
Financial Impact
Proposed sale of 20,000 shares valued at approximately $1.22 million, representing less than 0.04% of Workiva's $3.4B market cap.
Risk Factors
- Insider selling pattern could signal reduced conviction if it accelerates beyond current pace.
- Form 144 is only an intent to sell; the actual sale may not occur, reducing the signal value.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001628280-26-053610 |
| Document: 0001628280-26-053610-index.html | 0001628280-26-053610 |
| Document: 0001628280-26-053610.txt | 0001628280-26-053610 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Institutional Cluster | $77.21 | awaiting T+20 | — | $86.51 (+12.05%) |
Aug 5, 2026 11w ago | 144 | $62.05 $78.59 | ▲ +26.66% | ▲ +26.06% | $86.51 (+39.42%) |
Jul 16, 2026 14w ago | 144 | $57.18 $70.51 | ▲ +23.31% | ▲ +18.87% | $86.51 (+51.29%) |
Jun 17, 2026 18w ago | 144 | $47.37 $56.97 | ▲ +20.27% | ▲ +19.73% | $86.51 (+82.63%) |
Jun 11, 2026 19w ago | Institutional Cluster | $49.13 $52.33 | ▲ +6.51% | ▲ +4.62% | $86.51 (+76.08%) |
Jun 3, 2026 20w ago | 3 | $49.05 $51.93 | ▲ +5.87% | ▲ +7.24% | $86.51 (+76.37%) |
Jun 2, 2026 20w ago | 8-K | $49.84 $51.93 | ▲ +4.19% | ▲ +5.19% | $86.51 (+73.58%) |
May 5, 2026 24w ago | 8-K | $51.53 $49.84 | ▼ −3.28% | ▼ −6.06% | $86.51 (+67.88%) |
Apr 17, 2026 27w ago | DEFA14A | $57.34 $45.39 | ▼ −20.84% | ▼ −26.21% | $86.51 (+50.87%) |
US Market Status
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