Kazmaier Gerrit S 4

What Happened

• Gerrit Kazmaier, President, Products & Technology at Workday (WDAY), had 8,976 shares withheld on July 5, 2026 to satisfy tax withholding related to RSU vesting (withheld value reported as $1,215,350 at $135.40 per share).
• On July 7, 2026 he sold a total of 2,728 shares in open-market transactions (disposed): 1,040 shares at a weighted avg $142.96 ($148,676), 1,388 shares at a weighted avg $143.82 ($199,622), and 300 shares at a weighted avg $144.96 ($43,488). Total reported proceeds from the sales ≈ $391,786.
• These are sales (routine cash generation/tax coverage) rather than purchases.

Key Details

• Transaction dates: July 5, 2026 (tax withholding on RSUs) and July 7, 2026 (open-market sales). Filing date: July 7, 2026 (same day as latest sales).
• Prices/values: tax withholding 8,976 shares @ $135.40 = $1,215,350; sales: 1,040 @ $142.96 ($148,676), 1,388 @ $143.82 ($199,622), 300 @ $144.96 ($43,488).
• Footnotes: the sales were made under a Rule 10b5-1 trading plan adopted Sept 19, 2025 (pre-arranged trading plan). The withheld shares relate to RSU vesting. Weighted-average price ranges for the sales are provided in the filing (ranges: $142.51–$143.5099; $143.53–$144.5299; $144.72–$145.7199); the filer will provide per-price breakdown on request.
• Holdings after transaction: the filing does not state total shares owned post-transactions in the excerpt provided. Footnote indicates there are 253,450 RSUs referenced (subject to vesting/continued service).

Context

• The July 5 event was share withholding to cover tax obligations on vested RSUs (common and not an active market sale). The July 7 transactions were executed under a pre-existing 10b5-1 plan — such trades are typically scheduled in advance and may not reflect a manager’s short-term view.
• For retail investors: purchases are generally more informative about insider confidence; here the activity is withholding + scheduled sales, which are routine.