Form 4: Workday Executive Sayan Chakraborty Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Sayan Chakraborty, President of Product and Technology at Workday, Inc., sold shares of Class A Common Stock on February 27, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Sayan Chakraborty, President of Product and Technology at Workday, Inc., reported the sale of Class A Common Stock on February 27, 2025.
- The sales were executed under a Rule 10b5-1 trading plan adopted on October 4, 2024.
- A total of 6,056 shares were sold in multiple transactions at varying prices.
- The prices ranged from $260.53 to $272.0499 per share.
- Following the reported transactions, Chakraborty directly owns 111,324 shares of Class A Common Stock, which includes 110,700 RSUs.
- Chakraborty also indirectly owns 9,716 shares through the S. Chakraborty and J. Franklin Living Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it's simply a report of transactions.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 10/04/2024 | Date of adoption of the Rule 10b5-1 trading plan. |
| 02/27/2025 | Date of the reported stock sales. |
| 03/03/2025 | Date of the Form 4 filing. |
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.