Form 4: Workday CEO Carl Eschenbach Sells Shares Under 10b5-1 Trading Plan

Workday CEO Carl Eschenbach sold shares of Class A Common Stock on April 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 2, 2025, Carl M. Eschenbach, CEO of Workday, Inc., sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted by the Eschenbach Family Trust on October 7, 2024.
• A total of 3,127 shares were sold in multiple transactions at weighted average prices ranging from $232.225 to $235.7982.
• These sales reduced the indirect holdings of Class A Common Stock held by the Eschenbach Family Trust.
• Following the reported transactions, the Eschenbach Family Trust still holds 10,847 shares.
• Eschenbach also directly owns 627,104 shares, including restricted stock units (RSUs) and performance-based restricted stock units (PRSUs).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.

Industry Context

Insider trading activity is common and closely monitored, with Rule 10b5-1 plans providing a legal framework for pre-planned stock sales by executives.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.

Key Dates

Keywords

Workday, Carl Eschenbach, Form 4, insider trading, stock sale, Rule 10b5-1, Class A Common Stock, Eschenbach Family Trust