[Form 4] Workday, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Workday, Inc. reported that a trust associated with major shareholder David A. Duffield converted and sold shares on Class A and Class B Common Stock. The David A. Duffield Trust converted 107,500 shares of Class B Common Stock into 107,500 shares of Class A Common Stock, then sold 107,500 Class A shares in open-market transactions at weighted average prices ranging from about $131.35 to $134.87, under a pre-arranged Rule 10b5-1 trading plan.
Following these transactions, the trust holds 38,066,334 shares of Class B Common Stock and 105,049 shares of Class A Common Stock directly. The footnotes also explain that each Class B share is convertible into one Class A share and outline conditions under which all Class A and Class B shares will consolidate into a single class of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 107,500 shares ($14,252,009)
Net Sell
7 txns
Insider
DUFFIELD DAVID A
Role
10% Owner
Sold
107,500 shs ($14.25M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 107,500 | $0.00 | -- |
| Conversion | Class A Common Stock | 107,500 | $0.00 | -- |
| Sale | Class A Common Stock | 10,700 | $131.3491 | $1.41M |
| Sale | Class A Common Stock | 62,150 | $132.3679 | $8.23M |
| Sale | Class A Common Stock | 27,136 | $133.0681 | $3.61M |
| Sale | Class A Common Stock | 6,114 | $134.1444 | $820K |
| Sale | Class A Common Stock | 1,400 | $134.8671 | $189K |
Holdings After Transaction:
Class B Common Stock — 38,066,334 shares (Direct);
Class A Common Stock — 212,549 shares (Direct)
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. This sale was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the David A. Duffield Trust dated December 2, 2025. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $130.72 to $131.7199, 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $131.73 to $132.7299, 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $132.73 to $133.7299, 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $133.73 to $134.7299, 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $134.75 to $135.7499, 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. 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. 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.
FAQ
What insider transactions did the Duffield trust report in Workday (WDAY) Form 4?
The David A. Duffield Trust reported converting and then selling Workday shares. It converted 107,500 Class B shares into 107,500 Class A shares, then sold 107,500 Class A shares in multiple open-market trades on March 18, 2026, under a Rule 10b5-1 plan.