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Workday, Inc.·4

Jul 1, 5:02 PM ET

DUFFIELD DAVID A 4

Research Summary

AI-generated summary

Updated

Workday (WDAY) 10% Owner David Duffield Sells 107,500 Shares

What Happened
David A. Duffield, a reported 10% owner of Workday (WDAY) and trustee/sole beneficiary of the David A. Duffield Trust, converted 107,500 derivative securities into 107,500 shares (no cash paid for conversion) and then sold those 107,500 shares in multiple open‑market transactions on June 30, 2026. The sales generated approximately $13.12 million in proceeds (aggregate of reported tranches). These were disposals (sales), not purchases — sales can be routine, especially when done under pre‑arranged plans.

Key Details

  • Transaction date: June 30, 2026; Form 4 filed July 1, 2026 (timely).
  • Conversion: 107,500 derivative securities converted to 107,500 shares (code C) at $0.00 reported price.
  • Open‑market sales: total 107,500 shares sold in four weighted‑average tranches:
    • 6,100 shares @ weighted avg $120.00 (range $119.47–$120.4699) — proceeds $731,999 (F3)
    • 16,870 shares @ weighted avg $121.06 (range $120.49–$121.4899) — proceeds $2,042,329 (F4)
    • 53,176 shares @ weighted avg $122.17 (range $121.49–$122.4899) — proceeds $6,496,767 (F5)
    • 31,354 shares @ weighted avg $122.73 (range $122.49–$123.4899) — proceeds $3,848,070 (F6)
    • Aggregate proceeds ≈ $13,119,165.
  • Plan/authorization: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted by the David A. Duffield Trust on December 2, 2025 (F2).
  • Ownership after transaction: Not specified in the filed excerpt. Reported shares are held by the David A. Duffield Trust dated July 14, 1988; Duffield is trustee and sole beneficiary (F1).
  • Class/derivative notes: Footnotes describe conversion mechanics between Class A and Class B common stock and conversion rights (F7, F8). The filing shows a conversion of derivative securities rather than a cash purchase.

Context

  • For retail investors: purchases typically signal stronger insider conviction; sales—especially those under a 10b5‑1 plan or resulting from conversion/exercise—can be routine (tax planning, diversification, or preplanned liquidity) and do not by themselves indicate negative company prospects.
  • If you want the per‑share breakdown for each trade price inside the ranges, the reporting person has committed to provide full details to Workday, shareholders, or the SEC upon request (per footnotes).