Sayan Chakraborty - Apr 5, 2023 Form 4 Insider Report for Workday, Inc. (WDAY)

Signature
/s/ Richard H. Sauer, attorney-in-fact
Stock symbol
WDAY
Transactions as of
Apr 5, 2023
Transactions value $
-$3,832,946
Form type
4
Date filed
4/7/2023, 06:02 PM
Previous filing
Mar 8, 2023
Next filing
Apr 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDAY Class A Common Stock Sale -$1.7M -8.67K -9.17% $196.35 85.9K Apr 5, 2023 Direct F1, F2, F3
transaction WDAY Class A Common Stock Sale -$32.4K -164 -0.19% $197.28 85.8K Apr 5, 2023 Direct F1, F3, F4
transaction WDAY Class A Common Stock Sale -$18.9K -100 -0.12% $189.03 85.7K Apr 6, 2023 Direct F3, F5, F6
transaction WDAY Class A Common Stock Sale -$38.1K -200 -0.23% $190.50 85.5K Apr 6, 2023 Direct F3, F5, F7
transaction WDAY Class A Common Stock Sale -$57.6K -300 -0.35% $192.02 85.2K Apr 6, 2023 Direct F3, F5, F8
transaction WDAY Class A Common Stock Sale -$318K -1.65K -1.93% $192.94 83.5K Apr 6, 2023 Direct F3, F5, F9
transaction WDAY Class A Common Stock Sale -$174K -900 -1.08% $193.83 82.6K Apr 6, 2023 Direct F3, F5, F10
transaction WDAY Class A Common Stock Sale -$266K -1.36K -1.65% $195.26 81.3K Apr 6, 2023 Direct F3, F5, F11
transaction WDAY Class A Common Stock Sale -$752K -3.82K -4.7% $196.67 77.4K Apr 6, 2023 Direct F3, F5, F12
transaction WDAY Class A Common Stock Sale -$473K -2.4K -3.1% $197.02 75K Apr 6, 2023 Direct F3, F5, F13
holding WDAY Class A Common Stock 6.17K Apr 5, 2023 By the S. Chakraborty and J. Franklin Living Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales 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 a tax withholding obligation to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F2 The price reported is a weighted average price. These shares were sold as part of a block trade for multiple security holders of Workday, Inc. in multiple transactions at prices ranging from $194.01 to $200.53, 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 2 with regard to the block trade.
F3 Includes 71,538 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.
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 $196.9544 and $197.48, 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 These sales were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
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 $189.03 and $190.0299, 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 6 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 $190.22 to $191.2199, 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 7 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 $191.40 to $192.3999, 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 8 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 $192.44 to $193.4399, 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 9 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 $193.47 to $194.4699, 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 10 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 $194.83 to $195.8299, 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 11 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 $195.89 to $196.8899, 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 12 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 $196.89 to $197.8899, 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 13 of this Form 4.