George J. Still Jr - Mar 12, 2024 Form 4 Insider Report for Workday, Inc. (WDAY)

Role
Director
Signature
/s/ Juliana Capata, attorney-in-fact
Stock symbol
WDAY
Transactions as of
Mar 12, 2024
Transactions value $
-$1,352,608
Form type
4
Date filed
3/14/2024, 07:08 PM
Previous filing
Dec 5, 2023
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDAY Class A Common Stock Sale -$53.6K -200 -0.18% $267.78 110K Mar 12, 2024 By the Still Family Trust F1, F2, F3
transaction WDAY Class A Common Stock Sale -$162K -600 -0.55% $269.33 109K Mar 12, 2024 By the Still Family Trust F1, F3, F4
transaction WDAY Class A Common Stock Sale -$676K -2.5K -2.29% $270.43 107K Mar 12, 2024 By the Still Family Trust F1, F3, F5
transaction WDAY Class A Common Stock Sale -$462K -1.7K -1.6% $271.40 105K Mar 12, 2024 By the Still Family Trust F1, F3, F6
holding WDAY Class A Common Stock 42.1K Mar 12, 2024 Direct F7

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
holding WDAY Class B Common Stock 121K Mar 12, 2024 Class A Common Stock 121K By Still Family Partners F8, F9
* 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 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 $267.55 to $268.5499, 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.
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 $268.89 to $269.8899, 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 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 $270.01 to $271.0099, 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 $271.04 to $272.0399, 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 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.
F8 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.
F9 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.