Richard Harry Sauer - Jul 5, 2023 Form 4 Insider Report for Workday, Inc. (WDAY)

Role
Chief Legal Officer & Secty
Signature
/s/ Juliana Capata, attorney-in-fact
Stock symbol
WDAY
Transactions as of
Jul 5, 2023
Transactions value $
-$935,114
Form type
4
Date filed
7/7/2023, 05:04 PM
Previous filing
Apr 24, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDAY Class A Common Stock Sale -$934K -4.22K -3.35% $221.43 122K Jul 5, 2023 Direct F1, F2, F3, F4
transaction WDAY Class A Common Stock Sale -$1.56K -7 -0.01% $222.24 122K Jul 5, 2023 Direct F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 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 $220.01 to $222.7575, 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 86,729 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 Includes 147 shares of the Issuer's Class A Common Stock that were acquired through the Issuer's Employee Stock Purchase Plan.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $222.19 and $222.2819, 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 of this Form 4.