Enslin Robert 4

What Happened
Robert Enslin, President and Chief Commercial Officer of Workday (WDAY), disposed of a total of 11,008 shares on July 5, 2026, with an aggregate value of about $1.49 million. The activity included 5,634 shares withheld by the issuer to satisfy tax withholding related to RSU vesting (worth $762,844) and 5,374 shares sold in multiple open-market transactions (proceeds approx. $724,970) at weighted-average prices ranging roughly from $129.49 to $138.00.

Key Details

• Transaction date: 2026-07-05; Form filed: 2026-07-07 (appears timely).
• Breakdown:
  • 5,634 shares withheld for tax withholding on RSU vesting @ $135.40 = $762,844 (coded F: tax withholding).
  • Open-market sales totaling 5,374 shares across multiple blocks/prices — weighted-average prices reported and several price ranges disclosed (sales at ~$129.49, $130.86, $132.53, $133.42, $134.56, $136.07, $137.21, $138.00) totaling ~$724,970.
• Reported holdings: the filing notes the Reporting Person has 232,727 RSUs (each converts to one share on settlement) that remain subject to vesting; the filing excerpt does not state total shares owned after these transactions.
• Plan/authority: Open-market sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Enslin on Sept 26, 2025 (footnote F3).
• Footnotes: Several sales are reported as weighted-average prices with disclosed price ranges (F4–F11); F1 clarifies the withheld shares were for tax obligations tied to RSU vesting.

Context

• The 5,634-share transaction was a tax-withholding on vested RSUs (not a cash purchase or separate option exercise). That is effectively a cashless settlement of taxes rather than an active "sell to raise cash" decision by the insider.
• The remaining sales were executed under a pre-established 10b5-1 plan, which is a common mechanism insiders use to sell shares according to a preset schedule or parameters; such sales are typically considered routine and planned.
• These are disposals (sales/withholding), which are routine insider activity; they do not alone indicate the insider’s view of the company’s long-term prospects.