Workday, Inc.: 10% owner David A. Duffield sold 99,228 shares

What happened

• David A. Duffield, 10% owner, converted 99,228 derivative shares (acquired at $0.00) on Oct 6, 2026 and sold 99,228 shares in multiple open-market transactions the same day for total proceeds of $18,587,115.
• Sales reported by tranche: 2,800 shares at $184.80 for $517,450; 10,284 shares at $185.86 for $1,911,388; 45,984 shares at $186.66 for $8,583,245; 10,054 shares at $187.77 for $1,887,802; 19,534 shares at $188.64 for $3,684,968; 10,572 shares at $189.39 for $2,002,262. The conversion of 99,228 shares was also recorded as a derivative disposition.

Key details

• Transaction date: Oct 6, 2026. Filing date: Oct 7, 2026. No late filing indicated in the Form 4.
• Prices and ranges (per filing footnotes): weighted-average prices reported; sale price ranges included $184.12–$185.1199, $185.18–$186.1799, $186.18–$187.1799, $187.18–$188.1799, $188.18–$189.1799 and $189.18–$190.1799. The filing offers to provide per-trade breakdowns on request.
• Shares held and capacity: the reported shares are held by the David A. Duffield Trust dated July 14, 1988 (the reporting person is trustee and sole beneficiary) (footnote F1).
• Plan and conversion details: one sale tranche was effected pursuant to a Rule 10b5-1 trading plan adopted Dec 2, 2025 (F2). Each Class B share is convertible into one Class A share at the holder's option and converts on certain events (F10, F9).

Why it may matter

• The filing shows a conversion of derivative shares followed by multiple open-market sales the same day; this is a conversion plus sale, not presented as a cashless exercise.
• David A. Duffield is reported as a 10% owner and the shares are held in his revocable trust.
• A filing does not show why the insider traded or why the company acted.