David A. Duffield - 04 Jan 2022 Form 4 Insider Report for Workday, Inc. (WDAY)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: WDAY
Reported as of: 04 Jan 2022
Net transaction value: -$75,009,641
SEC form: 4
Accepted by SEC: 06 Jan 2022, 16:03:25 UTC
Prior SEC filing: 17 Dec 2021
Next SEC filing: 12 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Richard A. Sauer, attorney-in-fact

Key filing fact

David A. Duffield filed Form 4 for Workday, Inc. (WDAY) on 06 Jan 2022.

Key facts

This page summarizes David A. Duffield's Form 4 filing for Workday, Inc. (WDAY).
16 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 06 Jan 2022, 16:03.

Change

Previous filing in this sequence was filed on 17 Dec 2021.
Current net transaction value: -$75,009,641.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WDAY transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +300,988
Change %: +288%
Price: $0.000000
Shares after: 405,383
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2

WDAY transaction

Class A Common Stock

Sale

Transaction value: $8,493,889
Shares: -34,590
Change %: -8.5%
Price: $245.56
Shares after: 370,793
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F4

WDAY transaction

Class A Common Stock

Sale

Transaction value: $7,321,627
Shares: -29,684
Change %: -8%
Price: $246.65
Shares after: 341,109
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F5

WDAY transaction

Class A Common Stock

Sale

Transaction value: $10,186,228
Shares: -41,154
Change %: -12%
Price: $247.51
Shares after: 299,955
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F6

WDAY transaction

Class A Common Stock

Sale

Transaction value: $18,043,983
Shares: -72,580
Change %: -24%
Price: $248.61
Shares after: 227,375
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F7

WDAY transaction

Class A Common Stock

Sale

Transaction value: $17,112,370
Shares: -68,588
Change %: -30%
Price: $249.50
Shares after: 158,787
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F8

WDAY transaction

Class A Common Stock

Sale

Transaction value: $2,651,313
Shares: -10,590
Change %: -6.7%
Price: $250.36
Shares after: 148,197
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F9

WDAY transaction

Class A Common Stock

Sale

Transaction value: $1,470,226
Shares: -5,850
Change %: -3.9%
Price: $251.32
Shares after: 142,347
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F10

WDAY transaction

Class A Common Stock

Sale

Transaction value: $1,098,416
Shares: -4,350
Change %: -3.1%
Price: $252.51
Shares after: 137,997
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F11

WDAY transaction

Class A Common Stock

Sale

Transaction value: $2,626,239
Shares: -10,311
Change %: -7.5%
Price: $254.70
Shares after: 127,686
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F12

WDAY transaction

Class A Common Stock

Sale

Transaction value: $1,892,960
Shares: -7,400
Change %: -5.8%
Price: $255.81
Shares after: 120,286
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F13

WDAY transaction

Class A Common Stock

Sale

Transaction value: $2,179,841
Shares: -8,491
Change %: -7.1%
Price: $256.72
Shares after: 111,795
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F14

WDAY transaction

Class A Common Stock

Sale

Transaction value: $309,432
Shares: -1,200
Change %: -1.1%
Price: $257.86
Shares after: 110,595
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F15

WDAY transaction

Class A Common Stock

Sale

Transaction value: $805,584
Shares: -3,100
Change %: -2.8%
Price: $259.87
Shares after: 107,495
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F16

WDAY transaction

Class A Common Stock

Sale

Transaction value: $817,532
Shares: -3,100
Change %: -2.9%
Price: $263.72
Shares after: 104,395
Date: 04 Jan 2022
Ownership: Direct
Footnotes: F1, F2, F3, F17

WDAY holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 410,000
Date: 04 Jan 2022
Ownership: Dave and Cheryl Duffield Foundation

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WDAY transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -300,988
Change %: -0.65%
Price: $0.000000
Shares after: 46,133,889
Date: 04 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 300,988
Exercise price
Footnotes: F18, F19, F20

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 20 footnotes

Footnote 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.

Footnote 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.

Footnote F3

This sale was effected pursuant to a Rule 10b5-l trading plan previously adopted by the David A. Duffield Trust.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.