DAVID A DUFFIELD TRUST sells shares of Workday (NASDAQ: WDAY) under 10b5-1
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Workday (WDAY) reported proposed resale transactions via a Form 144 by a selling entity associated with the DAVID A DUFFIELD TRUST U/T/A 7/14/88. The notice lists multiple 10b5-1 periodic sales of 107,500 shares on several dates in 2026 and shows gross proceeds for each listed sale.
The filing describes the securities as Common shares originally issued in a Private Placement and identifies the broker as Morgan Stanley Smith Barney LLC. The filing is a routine resale notice of previously issued shares.
Positive
- None.
Negative
- None.
Key Figures
Per‑trade shares: 107,500 shares
Proceeds (06/30/2026): $13,119,171.00
Proceeds (06/25/2026): $12,426,602.25
+3 more
6 metrics
Per‑trade shares
107,500 shares
Each listed 10b5-1 sale in the excerpt
Proceeds (06/30/2026)
$13,119,171.00
Gross proceeds shown for sale dated <date>06/30/2026</date>
Proceeds (06/25/2026)
$12,426,602.25
Gross proceeds shown for sale dated <date>06/25/2026</date>
Proceeds (06/04/2026)
$16,077,366.75
Gross proceeds shown for sale dated <date>06/04/2026</date>
Broker
Morgan Stanley Smith Barney LLC
Broker of record listed on the Form 144 cover data
Original issuance
Private Placement
Securities described as issued in a <b>Private Placement</b> dated 12/27/2007
Key Terms
10b5-1, Form 144, Private Placement
3 terms
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.
Form 144 regulatory
"Filer Information | 144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
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 for WDAY disclose?
The Form 144 discloses proposed resale activity by the DAVID A DUFFIELD TRUST for 107,500 shares per listed trade, with multiple 10b5-1 sales dated in 2026. It identifies the shares as Common stock from a private placement.
Who is the selling party named in the WDAY Form 144?
The filing names the DAVID A DUFFIELD TRUST U/T/A 7/14/88 as the selling party and lists Morgan Stanley Smith Barney LLC as the broker handling the resale transactions.
What proceeds are reported for the sales in the excerpt?
The excerpt shows gross proceeds for individual dated sales, for example $13,119,171.00 (06/30/2026), $12,426,602.25 (06/25/2026), and $16,077,366.75 (06/04/2026) as listed next to the corresponding trades.
Are these sales described as pre‑arranged or routine?
The filing labels the transactions as 10b5-1 Sales, indicating they were effectuated under a pre‑arranged trading plan established under Rule 10b5-1 as shown in the excerpt.