Form 4: Workday Director David Duffield Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
David Duffield, a director at Workday, Inc., sold shares of Class A Common Stock on September 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- David Duffield, a director at Workday, sold shares of Class A Common Stock on September 23, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on December 4, 2023.
- The transactions involved multiple sales at weighted average prices ranging from $244.06 to $249.0999.
- Duffield sold 23,401 shares at $244.6003, 21,718 shares at $245.4397, 8,649 shares at $246.6424, 2,000 shares at $247.4227, and 232 shares at $248.9534.
- Following the reported transactions, Duffield directly owns 102,997 shares of Class A Common Stock.
- The Dave and Cheryl Duffield Foundation indirectly owns 449,000 shares of Class A Common Stock.
- Duffield also indirectly owns 43,229,775 shares of Class A Common Stock through the David A. Duffield Trust.
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 stock sale could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 1988-07-14 | Date of the David A. Duffield Trust |
| 2023-12-04 | Date of adoption of the Rule 10b5-1 trading plan by the David A. Duffield Trust, the Cheryl D. Duffield Trust, and the Dave & Cheryl Duffield Foundation |
| 2024-09-23 | Date of the stock sale transactions |
| 2024-09-25 | Date of the Form 4 filing |
| 2032-10-11 | Date when all shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock |
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