Form 4: Workday Director Sells 80,279 Shares Under 10b5-1 Plan
Insider Transaction Report
Workday Director and 10% Owner David A. Duffield reported the conversion and sale of 80,279 Class A Common Stock shares under a pre-arranged trading plan.
Summary
- David A. Duffield, a Director and 10% Owner of Workday, Inc. (WDAY), reported transactions involving the company's equity securities.
- On December 23, 2025, 80,279 shares of Class B Common Stock were converted into an equal number of Class A Common Stock.
- Concurrently, 80,279 shares of Class A Common Stock were sold in multiple transactions at weighted average prices ranging from $213.70 to $217.8799.
- The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by the David A. Duffield Trust and the Dave & Cheryl Duffield Foundation on December 3, 2024.
- Following these transactions, the beneficial ownership of Class A Common Stock held by the David A. Duffield Trust decreased to 105,049 shares.
- The beneficial ownership of Class B Common Stock derivative remains at 38,768,197 shares, held by the David A. Duffield Trust.
Sentiment
Score: 5
Explanation: The filing is a routine insider transaction report (Form 4) detailing pre-planned sales under a 10b5-1 plan. It does not inherently convey positive or negative sentiment about the company's performance or outlook, as the sales are scheduled rather than reactive.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This filing reports an insider transaction, which is a routine disclosure for publicly traded companies. It reflects a pre-planned sale by a significant shareholder and director, rather than a direct response to current industry trends or competitive actions.
Stakeholder Impact
- Shareholders: The sale of shares by a director and 10% owner, even if pre-planned, could be interpreted by some investors as a signal, potentially influencing short-term sentiment. However, the 10b5-1 plan mitigates concerns about opportunistic selling.
Key Dates
| Date | Description |
|---|---|
| 1988-07-14 | Date of the David A. Duffield Trust, which holds the reported shares. |
| 2024-12-03 | Date the Rule 10b5-1 trading plan was adopted by the David A. Duffield Trust and the Dave & Cheryl Duffield Foundation. |
| 2025-12-23 | Date of the reported stock conversion and sale transactions. |
| 2025-12-29 | Date the Form 4 filing was signed. |
| 2032-10-11 | Automatic conversion date for Class A and Class B Common Stock into a single class, if other conditions are not met earlier. |
Keywords
Workday, WDAY, Insider Trading, Form 4, David A. Duffield, Stock Sale, 10b5-1 Plan, Class A Common Stock, Class B Common Stock
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.