Form 4: Workday Director Wayne A.I. Frederick Sells Shares Under 10b5-1 Trading Plan

Wayne A.I. Frederick, a director at Workday, Inc., sold shares of Class A Common Stock on January 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 2, 2025, Wayne A.I. Frederick, a director of Workday, Inc., executed multiple sales of Class A Common Stock.
• These sales were conducted under a Rule 10b5-1 trading plan adopted on July 12, 2024.
• A total of 2,039 shares were sold at prices ranging from $250.79 to $258.1399.
• The director still holds 7,045 shares of Class A Common Stock, including 3,851 restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine stock sales by a company director under a pre-arranged trading plan. There is no indication of positive or negative implications for the company's performance.

Industry Context

Sales by company insiders are common and often pre-planned using 10b5-1 trading plans to avoid accusations of insider trading. The market typically views these sales in the context of the overall trading volume and the individual's holdings.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates