Workday, Inc.

WDAY

Form 4 • Statement of Changes in Beneficial Ownership

SEC Accession Number: 0000938071-26-000006
Filing date: Mar 4, 2026
Earliest execution date: Mar 2, 2026
Reporting Owners: DUFFIELD DAVID A (10% Owner)

Summary

Type

Sell

Net shares

-107,500

% of shares

-50.58%

Amount (USD)

$14,447,899

Insider confidence score

7.5 out of 100

Positive

  • Under Rule 10b5-1 trading plan

Negative

  • Extreme scheduled sell (≥25% of shares)
  • Massive sell amount ($10M+)

Stock transactions

Transaction 1

Security

Class A Common Stock

Action

Exercise

Date

2026-03-02

Code

C

Net shares

+107,500.0

Acquired/Disposed

Acquired

Shares Owned Before

105,049.0

Shares Owned After

212,549.0

Transaction 2

Security

Class A Common Stock

Action

Sell

Date

2026-03-02

Code

S

Net shares

-10,497.0

Price per Share

$133.29

Amount (USD)

$1,399,177.67

Acquired/Disposed

Disposed

Shares Owned Before

212,549.0

Shares Owned After

202,052.0

Transaction 3

Security

Class A Common Stock

Action

Sell

Date

2026-03-02

Code

S

Net shares

-56,954.0

Price per Share

$134.08

Amount (USD)

$7,636,107.55

Acquired/Disposed

Disposed

Shares Owned Before

202,052.0

Shares Owned After

145,098.0

Transaction 4

Security

Class A Common Stock

Action

Sell

Date

2026-03-02

Code

S

Net shares

-30,557.0

Price per Share

$134.98

Amount (USD)

$4,124,660.25

Acquired/Disposed

Disposed

Shares Owned Before

145,098.0

Shares Owned After

114,541.0

Transaction 5

Security

Class A Common Stock

Action

Sell

Date

2026-03-02

Code

S

Net shares

-9,492.0

Price per Share

$135.69

Amount (USD)

$1,287,954.29

Acquired/Disposed

Disposed

Shares Owned Before

114,541.0

Shares Owned After

105,049.0

Derivative Transactions

Transaction 1

Security

Class B Common Stock

Action

Exercise

Date

2026-03-02

Code

C

Net shares

-107,500.0

Acquired/Disposed

Disposed

Shares Owned Before

38,603,834.0

Shares Owned After

38,496,334.0

Filing's footnotes

1. The reported shares are held by the David A. Duffield Trust dated July 14, 1988, a revocable living trust, of which the Reporting Person is trustee and sole beneficiary.

2. This sale was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the David A. Duffield Trust dated December 2, 2025.

3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $132.57 to $133.5699, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote of this Form 4.

4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $133.57 to $134.5699, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote of this Form 4.

5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $134.57 to $135.5699, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote of this Form 4.

6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $135.57 to $136.5699, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote of this Form 4.

7. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock, (b) the date when the number of outstanding shares of Class B Common Stock represents less than 9% of all outstanding shares of Class A and Class B Common Stock, (c) October 11, 2032 or (d) nine months after the death of the later to die of David A. Duffield and Aneel Bhusri. The shares of Class A and Class B Common Stock have no expiration date.

8. Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect as of the date hereof. The shares of Class B Common Stock have no expiration date.

ℹ️ Filed under Rule 10b5-1 trading plan

This page is for informational purposes only. While we strive for accuracy, the summary may contain inaccuracies or omissions. Please refer to the official SEC filing for authoritative information. Open the SEC filing.