Workday 10% holder plans $18.8M stock sale
A major Workday stockholder filed a Rule 144 notice to sell 90,615 Class A shares, following prior 10b5-1 program sales in recent months.
Rhea-AI Filing Summary
Workday, Inc. (WDAY) has a significant shareholder, the DAVID A. DUFFIELD TRUST U/T/A 7/14/88, filing a notice to sell 90,615 shares of Class A common stock under Rule 144 through Morgan Stanley Smith Barney LLC, with an indicated aggregate market value of $18,750,055.80.
The trust reported prior Rule 10b5-1 sales of Workday common stock during the past three months, including multiple transactions between June and September 2026, each involving tens of thousands of shares and multi-million dollar proceeds.
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Key Figures
Shares to be sold under Rule 144: 90,615 shares
Aggregate market value of planned sale: $18,750,055.80
Workday shares outstanding: 196,000,000 shares
+3 more
6 metrics
Shares to be sold under Rule 144
90,615 shares
Planned sale of Workday Class A common stock by the DAVID A. DUFFIELD TRUST
Aggregate market value of planned sale
$18,750,055.80
Value associated with the 90,615 shares of Workday common stock
Workday shares outstanding
196,000,000 shares
Referenced outstanding common shares in connection with the Rule 144 notice
Recent 10b5-1 sale on September 1, 2026
94,961 shares; $18,924,540.29
Sale of Workday common stock by the trust on September 1, 2026
Recent 10b5-1 sale on June 30, 2026
107,500 shares; $13,119,171.00
Sale of Workday common stock by the trust on June 30, 2026
Acquisition date of securities
December 27, 2007
Date the trust acquired the Workday shares in a private placement for cash
Key Terms
Rule 144, 10b5-1, private placement
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
10b5-1 regulatory
"10b5-1 Sales for DAVID A DUFFIELD TRUST U/T/A 7/14/88"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
private placement financial
"Common | 12/27/2007 | Private Placement | Issuer"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
FAQ
What does the Form 144 filing disclose for Workday (WDAY)?
It discloses that the DAVID A. DUFFIELD TRUST U/T/A 7/14/88 plans to sell 90,615 shares of Workday Class A common stock under Rule 144, through Morgan Stanley Smith Barney LLC, with an indicated aggregate market value of $18,750,055.80.
What recent sales of Workday (WDAY) stock has the trust reported?
The trust reported several Rule 10b5-1 sales of Workday common stock from June to September 2026, including transactions such as 107,500 shares on June 30, 2026 for $13,119,171.00 and 94,961 shares on September 1, 2026 for $18,924,540.29.
AI-generated analysis. How Rhea-AI works. Not financial advice.
