David A. Duffield - Jul 12, 2024 Form 4 Insider Report for Workday, Inc. (WDAY)

Role
10%+ Owner
Signature
/s/ Juliana Capata, attorney-in-fact
Stock symbol
WDAY
Transactions as of
Jul 12, 2024
Transactions value $
-$12,841,747
Form type
4
Date filed
7/16/2024, 04:40 PM
Previous filing
Jul 9, 2024
Next filing
Sep 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDAY Class A Common Stock Sale -$364K -1.61K -0.26% $226.45 616K Jul 12, 2024 Dave and Cheryl Duffield Foundation F1, F2
transaction WDAY Class A Common Stock Sale -$752K -3.31K -0.54% $227.05 613K Jul 12, 2024 Dave and Cheryl Duffield Foundation F1, F3
transaction WDAY Class A Common Stock Sale -$1.41M -6.17K -1.01% $228.47 607K Jul 12, 2024 Dave and Cheryl Duffield Foundation F1, F4
transaction WDAY Class A Common Stock Sale -$4.95M -21.6K -3.56% $229.38 585K Jul 12, 2024 Dave and Cheryl Duffield Foundation F1, F5
transaction WDAY Class A Common Stock Sale -$5.36M -23.3K -3.98% $230.00 562K Jul 12, 2024 Dave and Cheryl Duffield Foundation F1, F6
holding WDAY Class A Common Stock 103K Jul 12, 2024 Direct F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding WDAY Class B Common Stock 43.4M Jul 12, 2024 Class A Common Stock 43.4M Direct F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the David A. Duffield Trust, the Cheryl D. Duffield Trust, and the Dave & Cheryl Duffield Foundation dated December 4, 2023.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $225.7500 to $226.7499, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $226.7500 to $227.7499, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $227.7800 to $228.7799, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $228.7800 to $229.7799, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
F6 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $229.7800 to $230.7799, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
F7 The reported shares are held by the David A. Duffield Trust dated July 14, 1988, a revocable living trust, of which the Reporting Person is trustee and sole beneficiary.
F8 All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock, (b) the date when the number of outstanding shares of Class B Common Stock represents less than 9% of all outstanding shares of Class A and Class B Common Stock, (c) October 11, 2032 or (d) nine months after the death of the later to die of David A. Duffield and Aneel Bhusri. The shares of Class A and Class B Common Stock have no expiration date.
F9 Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect as of the date hereof. The shares of Class B Common Stock have no expiration date.