Sauer Richard Harry 4

What Happened
Richard Sauer, Workday's Chief Legal Officer & Secretary, had 7,051 shares withheld by the company to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The shares were withheld at a reported price of $132.26 per share for a reported value of $932,565. This was a withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-04-05; Filing date: 2026-04-07 (timely filing).
• Price and value: 7,051 shares at $132.26 each; reported value $932,565.
• Transaction type: F — shares withheld to cover tax withholding on vesting (issuer withheld). Footnote F1 confirms withholding to satisfy tax obligations.
• Holdings after transaction: The Form 4 does not list a total post-transaction share count. Footnote F2 notes the reporting person has 48,525 RSUs and 4,132 PSUs (each converts to one share on settlement) subject to continued service and future vesting.

Context
This was a routine tax-withholding event associated with equity vesting (share surrender/cashless withholding), which is common when RSUs/PSUs vest. Such withholdings are administrative and do not necessarily indicate the insider’s view of the company’s stock.