George J. Still Jr - Feb 24, 2022 Form 4 Insider Report for Workday, Inc. (WDAY)

Role: Director
Signature: /s/ Juliana Capata, attorney-in-fact
Stock symbol: WDAY
Transactions as of: Feb 24, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/28/2022, 03:30 PM
Previous filing: Oct 16, 2023
Next filing: Jun 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WDAY	Class A Common Stock	Options Exercise	$276K	+30K	+23.65%	$9.20^*	157K	Feb 24, 2022	Direct	F1
holding	WDAY	Class A Common Stock						15K	Feb 24, 2022	By the Still Family Trust	F2

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	Stock Option (right to buy)	Options Exercise	-$276K	-30K	-100%	$9.20^*	0	Feb 24, 2022	Class A Common Stock	30K	$9.20	Direct	F3
holding	WDAY	Class B Common Stock						121K	Feb 24, 2022	Class A Common Stock	121K		By Still Family Partners	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 2,053 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 2,053 RSUs with a grant date of 6/8/2021, which will vest 100% on 5/15/2022. All grants are subject to the Reporting Person's continued service with the Issuer on the applicable vesting date.
F2	Shares held by the Still Family Trust. Mr. Still is a trustee of the Still Family Trust, and may be deemed to have voting and dispositive power with regard to the shares held directly by the Still Family Trust. Mr. Still disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report will not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F3	This stock option grant is fully vested and exercisable.
F4	Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one 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.
F5	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.