Form 4: Workday's David Duffield Executes Stock Sales Under 10b5-1 Plan

David Duffield, a director and significant shareholder of Workday, Inc., executed multiple sales of Class A Common Stock on March 24, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• David Duffield, a director at Workday, Inc., reported the sale of Class A Common Stock on March 24, 2025.
• The sales were executed under a pre-existing Rule 10b5-1 trading plan.
• A total of 70,144 shares were sold at varying weighted average prices ranging from approximately $248.72 to $252.75.
• Following these transactions, Duffield directly owns 102,997 shares of Class A Common Stock and indirectly owns 45,000 shares through the Dave and Cheryl Duffield Foundation.
• He also indirectly owns 42,438,722 derivative securities related to Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales by an insider under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by insiders are common and often pre-planned to avoid accusations of trading on non-public information. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sales could exert downward pressure on the stock price in the short term.
• The sales do not appear to reflect a change in the long-term outlook for the company, given the pre-arranged nature of the trading plan.

Key Dates

Keywords

Workday, David Duffield, Class A Common Stock, Form 4, Rule 10b5-1, Stock Sale, Beneficial Ownership, Insider Trading