DUFFIELD DAVID A 4
4 · Workday, Inc. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Workday (WDAY) 10% Owner David A. Duffield Sells 107,500 Shares
What Happened
- David A. Duffield (10% owner; trustee and sole beneficiary of the David A. Duffield Trust) converted 107,500 derivative shares into common stock and sold those 107,500 shares in multiple open‑market transactions on July 6, 2026. The sales generated aggregate proceeds of approximately $14.54 million.
- The shares were sold in multiple blocks at reported per‑share weighted average prices spanning roughly $129.23 to $139.2999 (individual reported averages on the Form 4 range from $129.82 to $138.30). One or more of the sales were effected pursuant to a Rule 10b5‑1 trading plan.
Key Details
- Transaction date: July 6, 2026; Form 4 filed July 7, 2026 (appears timely).
- Conversion: 107,500 shares acquired via conversion of a derivative security at $0.00 (no cash exchange).
- Sales: 107,500 shares sold in multiple open‑market transactions; total proceeds ≈ $14,538,268.
- Ownership after transaction: Not specified in the provided excerpt of the filing — see the full Form 4 for "Amount Owned Following Reported Transaction."
- Notable footnotes: Shares are held by the David A. Duffield Trust (F1). Some sales were made under a Rule 10b5‑1 plan adopted Dec 2, 2025 (F2). Price lines are reported as weighted averages across specified price ranges and the filer offers to provide per‑price detail on request (F3–F12). Footnotes F13/F14 explain conversion mechanics between Class A and Class B common stock.
Context
- This was a conversion of derivative securities followed by open‑market sales (i.e., an insider disposing of stock), not a purchase. Conversions of Class B/Class A and subsequent sales are common for large holders; because Duffield is a 10% owner and sales were at least partly executed under a 10b5‑1 plan, these transactions are generally viewed as planned dispositions rather than ad hoc insider buys.
- For full detail (exact post‑transaction holdings and per‑trade prices), retail investors should consult the complete Form 4 filing and associated footnotes.
Insider Transaction Report
Form 4
Workday, Inc.WDAY
DUFFIELD DAVID A
10% Owner
Transactions
- Conversion
Class A Common Stock
[F1]2026-07-06+107,500→ 212,549 total - Sale
Class A Common Stock
[F2][F3][F1]2026-07-06$129.82/sh−2,106$273,409→ 210,443 total - Sale
Class A Common Stock
[F2][F4][F1]2026-07-06$130.81/sh−13,550$1,772,488→ 196,893 total - Sale
Class A Common Stock
[F2][F5][F1]2026-07-06$131.79/sh−11,348$1,495,545→ 185,545 total - Sale
Class A Common Stock
[F2][F6][F1]2026-07-06$132.73/sh−7,953$1,055,598→ 177,592 total - Sale
Class A Common Stock
[F2][F7][F1]2026-07-06$133.99/sh−2,476$331,768→ 175,116 total - Sale
Class A Common Stock
[F2][F8][F1]2026-07-06$134.65/sh−7,098$955,773→ 168,018 total - Sale
Class A Common Stock
[F2][F9][F1]2026-07-06$135.80/sh−3,417$464,031→ 164,601 total - Sale
Class A Common Stock
[F2][F10][F1]2026-07-06$136.90/sh−15,869$2,172,433→ 148,732 total - Sale
Class A Common Stock
[F2][F11][F1]2026-07-06$137.75/sh−43,583$6,003,393→ 105,149 total - Sale
Class A Common Stock
[F2][F12][F1]2026-07-06$138.30/sh−100$13,830→ 105,049 total - Conversion
Class B Common Stock
[F13][F14][F1]2026-07-06−107,500→ 36,561,334 total→ Class A Common Stock (107,500 underlying)
Footnotes (14)
- [F1]The reported shares are held by the David A. Duffield Trust dated July 14, 1988, a revocable living trust, of which the Reporting Person is trustee and sole beneficiary.
- [F10]The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $136.28 to $137.2799, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- [F11]The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $137.28 to $138.2799, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- [F12]The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $138.3 to $139.2999, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- [F13]All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock, (b) the date when the number of outstanding shares of Class B Common Stock represents less than 9% of all outstanding shares of Class A and Class B Common Stock, (c) October 11, 2032 or (d) nine months after the death of the later to die of David A. Duffield and Aneel Bhusri. The shares of Class A and Class B Common Stock have no expiration date.
- [F14]Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect as of the date hereof. The shares of Class B Common Stock have no expiration date.
- [F2]This sale was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the David A. Duffield Trust dated December 2, 2025.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $129.23 to $130.2299, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- [F4]The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $130.27 to $131.2699, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- [F5]The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $131.28 to $132.2799, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- [F6]The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $132.28 to $133.2799, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- [F7]The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $133.28 to $134.2799, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- [F8]The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $134.28 to $135.2799, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- [F9]The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $135.28 to $136.2799, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
Signature
/s/ Juliana Capata, attorney-in-fact|2026-07-07