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

David Duffield, a director at Workday, Inc., executed multiple sales of Class A Common Stock and converted Class B Common Stock into Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• David Duffield, a director at Workday, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 5, 2024, Duffield sold Class A Common Stock in multiple transactions at weighted average prices ranging from $265.9556 to $269.021.
• These sales totaled 55,900 shares and were executed under a Rule 10b5-1 trading plan adopted on December 4, 2023.
• On April 8, 2024, Duffield converted 65,221 shares of Class B Common Stock into Class A Common Stock.
• Following these transactions, Duffield directly holds 102,997 to 168,218 shares of Class A Common Stock and indirectly holds 899,000 to 953,900 shares through the Dave and Cheryl Duffield Foundation.
• The reported shares are held by the David A. Duffield Trust, of which the Reporting Person is trustee and sole beneficiary.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates