| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | WDAY | Class A Common Stock | Sale | -$573K | -2.29K | -1.91% | $250.61 | 118K | Sep 8, 2023 | By the Still Family Trust | F1, F2, F3 |
| transaction | WDAY | Class A Common Stock | Sale | -$631K | -2.51K | -2.13% | $251.27 | 115K | Sep 8, 2023 | By the Still Family Trust | F1, F3, F4 |
| transaction | WDAY | Class A Common Stock | Sale | -$50.4K | -200 | -0.17% | $252.15 | 115K | Sep 8, 2023 | By the Still Family Trust | F1, F3, F5 |
| holding | WDAY | Class A Common Stock | 42.1K | Sep 8, 2023 | Direct | F6 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | WDAY | Class B Common Stock | 121K | Sep 8, 2023 | Class A Common Stock | 121K | By Still Family Partners | F7, F8 |
| Id | Content |
|---|---|
| F1 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Still Family Trust, DTD 3/12/1996 (the "Still Family Trust") on April 18, 2022 and modified on July 12, 2022. |
| F2 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $249.91 to $250.9099, 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. |
| F3 | 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. |
| F4 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $250.91 to $251.9099, 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 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $252.15 to $253.1499, 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 | Includes 2,226 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. |
| F7 | 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. |
| F8 | 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. |
The amount of securities reported as beneficially owned in Table I, Column 5 of this Form 4 reflects two share transfers from the Reporting Person's direct holdings to the Still Family Trust on August 27, 2021 and February 28, 2022. These transfers were inadvertently omitted from the Reporting Person's previously filed reports of changes in beneficial ownership of securities.