David A. Duffield - Dec 15, 2021 Form 4 Insider Report for Workday, Inc. (WDAY)

Signature
/s/ Juliana Capata, attorney-in-fact
Stock symbol
WDAY
Transactions as of
Dec 15, 2021
Transactions value $
-$29,850,694
Form type
4
Date filed
12/17/2021, 03:13 PM
Previous filing
Dec 3, 2021
Next filing
Jan 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDAY Class A Common Stock Sale -$2.34M -8.71K -1.68% $268.76 510K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F2
transaction WDAY Class A Common Stock Sale -$3.64M -13.5K -2.64% $269.73 497K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F3
transaction WDAY Class A Common Stock Sale -$2.38M -8.78K -1.77% $270.49 488K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F4
transaction WDAY Class A Common Stock Sale -$3.09M -11.4K -2.33% $271.63 477K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F5
transaction WDAY Class A Common Stock Sale -$4.55M -16.7K -3.5% $272.71 460K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F6
transaction WDAY Class A Common Stock Sale -$2.02M -7.4K -1.61% $273.40 452K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F7
transaction WDAY Class A Common Stock Sale -$852K -3.1K -0.69% $274.76 449K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F8
transaction WDAY Class A Common Stock Sale -$359K -1.3K -0.29% $276.07 448K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F9
transaction WDAY Class A Common Stock Sale -$877K -3.16K -0.71% $277.56 445K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F10
transaction WDAY Class A Common Stock Sale -$1.56M -5.61K -1.26% $278.44 439K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F11
transaction WDAY Class A Common Stock Sale -$7.28M -26.1K -5.94% $279.30 413K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F12
transaction WDAY Class A Common Stock Sale -$899K -3.21K -0.78% $280.18 410K Dec 15, 2021 Dave and Cheryl Duffield Foundation F1, F13
holding WDAY Class A Common Stock 104K Dec 15, 2021 Direct F14, F15

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 46.4M Dec 15, 2021 Class A Common Stock 46.4M Direct F16, F17, F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 1 0b5-l trading plan previously adopted by the Dave & Cheryl Duffield Foundation.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $268.1500 to $269.1499, 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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $269.15 to $270.1499, 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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $270.15 to $271.1499, 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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $271.15 to $272.1499, 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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $272.15 to $273.1499, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $273.15 to $274.1499, 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.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $274.21 to $275.2099, 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.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $275.61 to $276.6099, 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.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $277.00 to $277.9999, 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.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $278.00 to $278.9999, 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.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $279.00 to $279.9999, 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.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $280.00 to $280.9999, 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.
F14 Includes 1,398 restricted stock units (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.
F15 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, other than the shares underlying the RSUs described in Footnote 15.
F16 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.
F17 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.
F18 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.