David A. Duffield - Jan 4, 2022 Form 4 Insider Report for Workday, Inc. (WDAY)

Signature
/s/ Richard A. Sauer, attorney-in-fact
Stock symbol
WDAY
Transactions as of
Jan 4, 2022
Transactions value $
-$75,009,641
Form type
4
Date filed
1/6/2022, 04:03 PM
Previous filing
Dec 17, 2021
Next filing
May 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDAY Class A Common Stock Conversion of derivative security $0 +301K +288.32% $0.00 405K Jan 4, 2022 Direct F1, F2
transaction WDAY Class A Common Stock Sale -$8.49M -34.6K -8.53% $245.56 371K Jan 4, 2022 Direct F1, F2, F3, F4
transaction WDAY Class A Common Stock Sale -$7.32M -29.7K -8.01% $246.65 341K Jan 4, 2022 Direct F1, F2, F3, F5
transaction WDAY Class A Common Stock Sale -$10.2M -41.2K -12.06% $247.51 300K Jan 4, 2022 Direct F1, F2, F3, F6
transaction WDAY Class A Common Stock Sale -$18M -72.6K -24.2% $248.61 227K Jan 4, 2022 Direct F1, F2, F3, F7
transaction WDAY Class A Common Stock Sale -$17.1M -68.6K -30.17% $249.50 159K Jan 4, 2022 Direct F1, F2, F3, F8
transaction WDAY Class A Common Stock Sale -$2.65M -10.6K -6.67% $250.36 148K Jan 4, 2022 Direct F1, F2, F3, F9
transaction WDAY Class A Common Stock Sale -$1.47M -5.85K -3.95% $251.32 142K Jan 4, 2022 Direct F1, F2, F3, F10
transaction WDAY Class A Common Stock Sale -$1.1M -4.35K -3.06% $252.51 138K Jan 4, 2022 Direct F1, F2, F3, F11
transaction WDAY Class A Common Stock Sale -$2.63M -10.3K -7.47% $254.70 128K Jan 4, 2022 Direct F1, F2, F3, F12
transaction WDAY Class A Common Stock Sale -$1.89M -7.4K -5.8% $255.81 120K Jan 4, 2022 Direct F1, F2, F3, F13
transaction WDAY Class A Common Stock Sale -$2.18M -8.49K -7.06% $256.72 112K Jan 4, 2022 Direct F1, F2, F3, F14
transaction WDAY Class A Common Stock Sale -$309K -1.2K -1.07% $257.86 111K Jan 4, 2022 Direct F1, F2, F3, F15
transaction WDAY Class A Common Stock Sale -$806K -3.1K -2.8% $259.87 107K Jan 4, 2022 Direct F1, F2, F3, F16
transaction WDAY Class A Common Stock Sale -$818K -3.1K -2.88% $263.72 104K Jan 4, 2022 Direct F1, F2, F3, F17
holding WDAY Class A Common Stock 410K Jan 4, 2022 Dave and Cheryl Duffield Foundation

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
transaction WDAY Class B Common Stock Conversion of derivative security $0 -301K -0.65% $0.00 46.1M Jan 4, 2022 Class A Common Stock 301K Direct F18, F19, F20
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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 1.
F3 This sale was effected pursuant to a Rule 10b5-l trading plan previously adopted by the David A. Duffield Trust.
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 $245.04 to $246.0399, 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 $246.05 to $247.0499, 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 $247.05 to $248.0499, 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 $248.05 to $249.0499, 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 $249.05 to $250.0499, 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 $250.05 to $251.0499, 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 $251.05 to $252.0499, 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 $252.07 to $253.0699, 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 $254.10 to $255.0999, 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 $255.29 to $256.2899, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $256.30 to $257.2999, 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.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $257.86 to $258.8599, 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.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $259.55 to $260.5499, 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.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $263.72 to $264.7199, 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.
F18 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.
F19 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.
F20 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.