Richard Harry Sauer - Jan 5, 2024 Form 4 Insider Report for Workday, Inc. (WDAY)

Signature
/s/ Juliana Capata, attorney-in-fact
Stock symbol
WDAY
Transactions as of
Jan 5, 2024
Transactions value $
-$1,578,704
Form type
4
Date filed
1/9/2024, 07:18 PM
Previous filing
Dec 4, 2023
Next filing
Apr 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDAY Class A Common Stock Sale -$643K -2.42K -2.72% $265.89 86.6K Jan 5, 2024 Direct F1, F2, F3
transaction WDAY Class A Common Stock Sale -$113K -426 -0.49% $265.64 86.1K Jan 8, 2024 Direct F3, F4, F5
transaction WDAY Class A Common Stock Sale -$52.1K -193 -0.22% $270.16 85.9K Jan 8, 2024 Direct F3, F4, F6
transaction WDAY Class A Common Stock Sale -$117K -430 -0.5% $271.69 85.5K Jan 8, 2024 Direct F3, F4, F7
transaction WDAY Class A Common Stock Sale -$613K -2.25K -2.63% $272.66 83.3K Jan 8, 2024 Direct F3, F4, F8
transaction WDAY Class A Common Stock Sale -$41K -150 -0.18% $273.28 83.1K Jan 8, 2024 Direct F3, F4, F9
* 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 These 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 tax withholding obligations 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 $264.15 to $268.28, 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 72,470 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.
F4 These sales were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person dated June 7, 2023.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $265.55 to $266.5499, 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.
F6 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $269.97 to $270.9699, 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.
F7 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $271.20 to $272.1999, 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.
F8 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $272.22 to $273.2199, 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 of this Form 4.
F9 The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $273.22 to $274.2199, 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 of this Form 4.