Douglas A. Robinson - 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 $
-$29,621
Form type
4
Date filed
12/17/2021, 03:14 PM
Previous filing
Dec 2, 2021
Next filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDAY Class A Common Stock Award $0 +7.16K +8.68% $0.00 89.6K Dec 15, 2021 Direct F1
transaction WDAY Class A Common Stock Sale -$29.6K -109 -0.12% $271.75 89.5K Dec 15, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 72,345 restricted stock units (RSUs) that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement, including an original grant consisting of 7,161 RSUs with a grant date of 12/15/2021 which will vest as to 25% of the underlying shares on the one-year anniversary of grant and then 6.25% quarterly thereafter. All grants are subject to the Reporting Person's continued service with the Issuer on the applicable vesting date.
F2 The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs). These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F3 The price reported is a weighted average price. These shares were sold as part of a block trade for multiple securityholders of Workday, Inc. in multiple transactions at prices ranging from $268.31 to $274.49, 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 set forth in this footnote 3 with regard to the block trade.