Sauer Richard Harry 4

What Happened
Richard H. Sauer, Chief Legal Officer and Secretary of Workday (WDAY), had 6,782 shares withheld by the company on July 5, 2026 to satisfy tax withholding associated with the vesting of restricted stock units (RSUs). The withholding was reported at a price of $135.40 per share, for a total value of $918,283. This was a tax-withholding disposition (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-07-05; Filing date: 2026-07-07 (timely Form 4 filing).
• Action/code: Tax withholding on vested equity (code F).
• Shares withheld/disposed: 6,782 at $135.40 each; total value $918,283.
• Shares owned after transaction: Not specified in the provided excerpt.
• Relevant footnotes:
  • F1: Shares were withheld by the issuer to satisfy tax withholding on RSU vesting.
  • F2: Reporting person’s holdings include 133,781 RSUs and 4,132 PSUs that convert to shares on settlement.
  • F3: Includes 117 shares purchased via the Employee Stock Purchase Program (ESPP).

Context
This was a cashless withholding to cover taxes on equity that vested — a common administrative transaction that reduces the officer’s reported share count but is not an express sell or buy signaling a market view. Footnotes indicate the reporting person holds significant unvested/contingent equity (RSUs and PSUs) and a small ESPP position.