Form 4: Workday Co-President Sayan Chakraborty Reports Stock Disposal for Tax Obligations

Workday's Co-President, Sayan Chakraborty, disposed of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On August 5, 2024, Sayan Chakraborty, Co-President of Workday, Inc., disposed of 4,279 shares of Class A Common Stock to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
• The shares were disposed of at a price of $214.86 per share.
• Following the transaction, Chakraborty directly owns 136,372 shares of Class A Common Stock, which includes 92 shares purchased through the Employee Stock Purchase Program and 130,252 restricted stock units (RSUs).
• Chakraborty also indirectly owns 9,716 shares of Class A Common Stock through the S. Chakraborty and J. Franklin Living Trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company executive, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares for tax purposes.

Key Dates