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[Form 4] Workday, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Workday, Inc. President, Prod. and Tech. Gerrit S. Kazmaier reported a routine tax-related share disposition. On June 5, 2026, 3,369 shares of Class A Common Stock were withheld by Workday to cover his tax obligation from the vesting of restricted stock units.

After this withholding, he directly owned 278,092 shares of Class A Common Stock. Footnotes state this figure includes 271,549 restricted stock units (RSUs), each convertible into one share upon settlement, subject to his continued service with the company on future vesting dates.

Positive

  • None.

Negative

  • None.
Insider Kazmaier Gerrit S
Role President, Prod. and Tech.
Type Security Shares Price Value
Tax Withholding Class A Common Stock 3,369 $147.91 $498K
Holdings After Transaction: Class A Common Stock — 278,092 shares (Direct, null)
Footnotes (1)
  1. Represents shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the vesting of restricted stock units (RSUs). Includes 271,549 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.
Shares withheld for taxes 3,369 shares Tax-withholding disposition on June 5, 2026
Withholding price per share $147.91 per share Value used for tax-withholding disposition
Shares held after transaction 278,092 shares Direct Class A Common Stock holdings following tax withholding
RSUs outstanding 271,549 RSUs Each RSU entitles holder to one share upon settlement
restricted stock units (RSUs) financial
"Represents shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the vesting of restricted stock units (RSUs)."
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.
tax withholding obligation financial
"Represents shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the vesting of restricted stock units (RSUs)."
vesting financial
"Represents shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the vesting of restricted stock units (RSUs)."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
settlement financial
"each of which entitle the Reporting Person to receive one share of Class A Common Stock upon settlement."
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Kazmaier Gerrit S

(Last)(First)(Middle)
C/O WORKDAY, INC.
6110 STONERIDGE MALL ROAD

(Street)
PLEASANTON CALIFORNIA 94588

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Workday, Inc. [ WDAY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President, Prod. and Tech.
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock06/05/2026F3,369(1)D$147.91278,092(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the vesting of restricted stock units (RSUs).
2. Includes 271,549 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.
Remarks:
/s/ Juliana Capata, attorney-in-fact06/09/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What transaction did Workday (WDAY) executive Gerrit S. Kazmaier report?

Gerrit S. Kazmaier reported a tax-withholding disposition of 3,369 shares of Workday Class A Common Stock. These shares were withheld by the company to satisfy tax obligations arising from the vesting of restricted stock units, rather than from an open-market sale.

Was the Workday (WDAY) Form 4 transaction an open-market sale?

No. The Form 4 shows 3,369 Workday shares withheld to cover taxes on RSU vesting. This is categorized as a tax-withholding disposition, not a discretionary open-market sale, and reflects a standard mechanism to satisfy tax liabilities on equity compensation.

How many Workday (WDAY) shares does Gerrit S. Kazmaier hold after this transaction?

Following the reported tax-withholding transaction, Gerrit S. Kazmaier directly holds 278,092 shares of Workday Class A Common Stock. Footnotes clarify that this total includes 271,549 restricted stock units that may convert into shares upon future settlement.

What are the RSUs mentioned in the Workday (WDAY) Form 4 filing?

The filing notes 271,549 restricted stock units (RSUs) for Gerrit S. Kazmaier. Each RSU entitles him to receive one share of Workday Class A Common Stock upon settlement, provided he continues service with the company through the applicable vesting dates.

Why were Workday (WDAY) shares withheld in Gerrit S. Kazmaier’s Form 4?

Shares were withheld to satisfy tax withholding obligations created by the vesting of RSUs granted to Gerrit S. Kazmaier. Instead of paying taxes in cash, a portion of his vested shares was retained by Workday, which is a common equity compensation practice.