Kazmaier Gerrit S 4
4 · Workday, Inc. · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
Workday (WDAY) President Gerrit Kazmaier Sells Shares
What Happened
Gerrit S. Kazmaier, President of Product and Technology at Workday (WDAY), disposed of a total of 21,626 shares in two transactions related to RSU vesting and an open‑market sale. On 2026-04-05, 12,270 shares were withheld by the issuer to satisfy tax withholding for vested RSUs (12,270 shares at $132.26, reported value $1,622,830). On 2026-04-07, he sold 9,356 shares in the open market at $128.39 per share (reported value $1,201,217). Total reported proceeds/withholding value ≈ $2,824,047. These were disposals (sales/withholdings), not purchases.
Key Details
- Transaction dates and prices:
- 2026-04-05: 12,270 shares withheld for tax @ $132.26 (F) — $1,622,830.
- 2026-04-07: 9,356 shares open‑market sale @ $128.39 (S) — $1,201,217.
- Total shares affected: 21,626; total reported value ≈ $2.82M.
- Shares owned after transaction: not specified in the filing.
- Footnotes of note:
- F1: Withheld shares to satisfy tax withholding on RSU vesting.
- F2: Filing references 161,956 RSUs that convert to one share each upon settlement (subject to continued service).
- F3: The open‑market sale was executed under a Rule 10b5‑1 trading plan adopted Sept 19, 2025.
- Filing timeliness: Form 4 filed 2026-04-07 for activity on 2026-04-05 and 04-07 — not indicated as late in the filing.
Context
The 04-05 transaction was a tax‑withholding event tied to RSU vesting (issuer withheld shares rather than cash), while the 04-07 sale was executed under a prearranged 10b5‑1 plan (common for insiders to schedule sales). These are disposals and do not indicate a new buy signal; purchases are generally considered more informative about insider conviction. The filing also notes a large number of unvested RSUs (161,956) that could lead to future share settlements subject to vesting and continued service.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-04-05$132.26/sh−12,270$1,622,830→ 174,430 total - Sale
Class A Common Stock
[F3][F2]2026-04-07$128.39/sh−9,356$1,201,217→ 165,074 total
Footnotes (3)
- [F1]Represents shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the vesting of restricted stock units (RSUs).
- [F2]Includes 161,956 RSUs, each of which entitle the Reporting Person to receive one share of Class A Common Stock upon settlement. All grants are subject to the Reporting Person's continued service with the Issuer on the applicable vesting dates.
- [F3]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person dated September 19, 2025.