Form 4: Workday Co-President Douglas A. Robinson Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Workday's Co-President, Douglas A. Robinson, executed multiple sales of Class A Common Stock on May 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 28, 2024, Douglas A. Robinson, Co-President of Workday, Inc., sold shares of Class A Common Stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on October 2, 2023.
- A total of 3,121 shares were sold in multiple transactions at varying weighted average prices.
- The prices ranged from $212.39 to $217.4499 per share.
- Following the reported transactions, Robinson still beneficially owns 204,066 shares, which includes 146,355 RSUs.
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 sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| October 2, 2023 | Date of adoption of the Rule 10b5-1 trading plan. |
| May 28, 2024 | Date of the reported transactions (sale of shares). |
| May 30, 2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.