Garfield Mark S. 4

What Happened
Mark S. Garfield, Chief Accounting Officer of Workday, had 3,490 shares of Class A common stock withheld by the company on July 5, 2026 to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The shares were recorded at $135.40 each, for a total value of approximately $472,546. This was a tax-withholding disposal (code F), a routine cashless-type action tied to vesting rather than an open-market sale.

Key Details

• Transaction date: 2026-07-05; filing date: 2026-07-07. Reported as a disposal via tax withholding (transaction code F).
• Price per share: $135.40; shares withheld/disposed: 3,490; total value: ~$472,546.
• Shares owned after transaction: not explicitly itemized in the provided filing. Footnotes show 105 shares purchased via the Employee Stock Purchase Program and 64,944 RSUs outstanding (each convertible to one share upon settlement).
• Footnotes: F1 confirms shares were withheld to satisfy tax withholding on RSU vesting; F2 and F3 detail ESPP shares and outstanding RSUs.
• No late filing flag was indicated in the supplied filing information (filing occurred two days after the transaction).

Context
This transaction is a common administrative step when RSUs vest: the company withholds shares to cover required taxes rather than the insider selling shares on the open market. Such withholding actions are routine and do not necessarily indicate the insider’s view on the stock. The filing also shows a sizable number of unvested/outstanding RSUs (64,944) that may convert to additional shares on future vesting dates, subject to continued service.