Form 4: Workday Director George J. Still Jr. Sells Shares Under 10b5-1 Trading Plan

George J. Still Jr., a director at Workday, Inc., executed multiple sales of Class A Common Stock on March 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 12, 2024, George J. Still Jr., a director of Workday, Inc., sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted by the Still Family Trust on April 18, 2022, and modified on July 12, 2022.
• A total of 5,000 shares were sold in multiple transactions at weighted average prices ranging from $267.775 to $271.3979.
• Following the reported transactions, Mr. Still directly owns 42,129 shares of Class A Common Stock and indirectly owns 105,000 shares through the Still Family Trust.
• Mr. Still also indirectly owns 120,784 shares of Class A Common Stock through Still Family Partners.
• He also holds 2,226 restricted stock units (RSUs), each of which entitles him to receive one share of Class A Common Stock upon settlement.

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

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 trading plan mitigates this concern.

Key Dates