David A. Duffield - Dec 4, 2023 Form 4 Insider Report for Workday, Inc. (WDAY)

Role
10%+ Owner
Signature
/s/ Juliana Capata, attorney-in-fact
Stock symbol
WDAY
Transactions as of
Dec 4, 2023
Transactions value $
$0
Form type
4
Date filed
12/6/2023, 06:51 PM
Previous filing
Oct 2, 2023
Next filing
Dec 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDAY Class A Common Stock Conversion of derivative security $0 +570K +553.41% $0.00 673K Dec 4, 2023 Direct F1
transaction WDAY Class A Common Stock Conversion of derivative security $0 +42K +6.24% $0.00 715K Dec 4, 2023 Direct F1
transaction WDAY Class A Common Stock Gift $0 -570K -79.72% $0.00 145K Dec 4, 2023 Direct F1
transaction WDAY Class A Common Stock Gift $0 -42K -28.97% $0.00 103K Dec 4, 2023 Direct F1
transaction WDAY Class A Common Stock Gift $0 +570K +86.58% $0.00 1.23M Dec 4, 2023 Dave and Cheryl Duffield Foundation
transaction WDAY Class A Common Stock Gift $0 +4K +0.33% $0.00 1.23M Dec 4, 2023 Dave and Cheryl Duffield Foundation

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 Class B Common Stock Conversion of derivative security $0 -570K -1.27% $0.00 44.2M Dec 4, 2023 Class A Common Stock 570K Direct F1, F2, F3
transaction WDAY Class B Common Stock Conversion of derivative security $0 -42K -0.09% $0.00 44.2M Dec 4, 2023 Class A Common Stock 42K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.