Workday (WDAY) CAO Mark Garfield sells 1,585 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Workday, Inc.’s Chief Accounting Officer, Mark S. Garfield, sold 1,585 shares of Class A Common Stock in an open-market transaction. The shares were sold at an average price of $113.05 per share on April 10, 2026, under a pre-arranged Rule 10b5-1 trading plan.
After this sale, he directly holds 31,467 shares of Class A Common Stock, which includes 25,474 restricted stock units that each convert into one share upon settlement, subject to his continued service with Workday.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,585 shares ($179,184)
Net Sell
1 txn
Insider
Garfield Mark S.
Role
Chief Accounting Officer
Sold
1,585 shs ($179K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,585 | $113.05 | $179K |
Holdings After Transaction:
Class A Common Stock — 31,467 shares (Direct)
Footnotes (1)
- The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person dated October 14, 2025. Includes 25,474 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.
Key Figures
Shares sold: 1,585 shares
Sale price per share: $113.05 per share
Shares held after transaction: 31,467 shares
+1 more
4 metrics
Shares sold
1,585 shares
Open-market sale of Class A Common Stock on April 10, 2026
Sale price per share
$113.05 per share
Average price for the 1,585 shares sold
Shares held after transaction
31,467 shares
Direct holdings of Class A Common Stock following the sale
Restricted stock units included
25,474 RSUs
RSUs that each convert into one share upon settlement
Key Terms
Rule 10b5-1 trading plan, restricted stock units (RSUs), Class A Common Stock, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units (RSUs) financial
"Includes 25,474 restricted stock units (RSUs), each of which entitle the Reporting Person"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Workday (WDAY) report for Mark S. Garfield?
Workday reported that Chief Accounting Officer Mark S. Garfield sold 1,585 shares of Class A Common Stock. The open-market sale occurred on April 10, 2026, and is disclosed on a Form 4 insider trading report filed with regulators.
Were restricted stock units included in Mark S. Garfield’s Workday (WDAY) holdings?
Yes. Of Mark S. Garfield’s 31,467 post-transaction shares, 25,474 are restricted stock units. Each RSU entitles him to receive one share of Class A Common Stock when it vests, contingent on his continued service with Workday.
Was the Workday (WDAY) insider sale by Mark S. Garfield under a Rule 10b5-1 plan?
The filing states the sale was executed under a pre-arranged Rule 10b5-1 trading plan. That plan was previously adopted by Mark S. Garfield, meaning the trade followed a preset schedule rather than a discretionary, same-day decision.
What role does Mark S. Garfield hold at Workday (WDAY) in this Form 4 filing?
In this Form 4, Mark S. Garfield is identified as Workday’s Chief Accounting Officer. His position as an executive officer makes his trades subject to detailed reporting rules, providing investors with visibility into insider equity transactions.