Workday, Inc.: 10% owner David A. Duffield sold 98,446 shares

What happened

• The filing shows David A. Duffield, a 10% owner, converted 98,446 derivative securities into 98,446 shares (acquired at $0.00) and sold 98,446 shares in open-market transactions on Oct 1, 2026, for total proceeds of $18,415,820. Sales were reported at various weighted-average prices; the filing includes price ranges in footnotes.

Key details

• Transaction date: Oct 1, 2026. Sales reported as open-market dispositions (code S); conversions reported as conversion of derivative security (code C) at $0.00.
• Reported per-tranche shares and proceeds: 5,300 for $974,483; 9,035 for $1,668,647; 14,166 for $2,630,968; 48,972 for $9,135,746; 4,764 for $893,230; 1,809 for $340,708; 3,800 for $725,222; 3,900 for $746,780; 600 for $115,354; 4,600 for $892,533; 1,500 for $292,149 (total sold 98,446 shares, $18,415,820).
• Prices: the filing reports weighted-average prices and gives ranges across the trades (see footnotes F3–F13, which cover ranges from $183.12 to $195.5649 per share).
• Shares owned after the transaction: not specified in the provided filing details.
• Relevant footnotes: F1 (shares held by the David A. Duffield Trust dated Jul 14, 1988); F2 (sales effected pursuant to a Rule 10b5-1 trading plan adopted Dec 2, 2025); F3–F13 (weighted-average price ranges); F14–F15 (conversion and class B common stock conversion rules).
• Filing date: Form 4 filed Oct 5, 2026 (reporting period Oct 1, 2026).

Why it may matter

• Derivative transaction: the filing shows a conversion of derivative securities into common shares (reported at $0.00); this is not reported as an option exercise or a gift.
• Plan sales: the filing states the open-market sales were effected under a Rule 10b5-1 trading plan (footnote F2).
• 10% owner: the reporting person is a 10% owner and the shares are held by his revocable living trust (footnote F1), rather than reported as direct executive compensation.
• The filing does not show why the insider traded or why the company acted.