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Workday (NASDAQ: WDAY) CFO sees 2,808 shares withheld for RSU tax obligations

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

Rhea-AI Filing Summary

Workday, Inc. Chief Financial Officer Zane Rowe reported a routine tax-related share disposition. On the vesting of restricted stock units, 2,808 shares of Class A Common Stock were withheld by Workday at $147.91 per share to satisfy tax withholding obligations. This was not an open-market sale. Following the withholding, Rowe directly holds 302,413 shares, which the footnotes state include 229,213 restricted stock units and 5,968 performance stock units, each convertible into one share upon settlement, subject to his continued service with the company.

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Insider Rowe Zane
Role Chief Financial Officer
Type Security Shares Price Value
Tax Withholding Class A Common Stock 2,808 $147.91 $415K
Holdings After Transaction: Class A Common Stock — 302,413 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 229,213 RSUs and 5,968 performance stock units, 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 2,808 shares Class A Common Stock withheld for RSU tax obligation
Withholding price $147.91 per share Price used for tax-withholding disposition on June 5, 2026
Shares held after transaction 302,413 shares Direct holdings following tax-withholding transaction
Restricted stock units 229,213 RSUs Equity awards included in reported holdings, each for one share
Performance stock units 5,968 PSUs Performance units included in reported holdings, one share per unit
restricted stock units (RSUs) financial
"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.
performance stock units financial
"Includes 229,213 RSUs and 5,968 performance stock units, each of which entitle"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax withholding obligation financial
"withheld by the Issuer to satisfy the tax withholding obligation in connection"
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*
Rowe Zane

(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)
Chief Financial Officer
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 Stock06/05/2026F2,808(1)D$147.91302,413(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 229,213 RSUs and 5,968 performance stock units, 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 insider transaction did Workday (WDAY) CFO Zane Rowe report?

Workday CFO Zane Rowe reported 2,808 Class A shares withheld to cover tax obligations on vested RSUs. This Form 4 shows a tax-withholding disposition, not an open-market stock sale, and reflects routine equity compensation processing.

How many Workday (WDAY) shares were withheld for taxes from the CFO’s RSU vesting?

A total of 2,808 Class A Common Stock shares were withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units. The withholding price was $147.91 per share, according to the Form 4 transaction details.

Does the Workday (WDAY) CFO’s Form 4 show an open-market sale of shares?

The Form 4 does not show an open-market sale. It reports shares withheld by Workday to satisfy tax obligations on RSU vesting, categorized as a tax-withholding disposition, which is a standard, non-market equity compensation event for executives.

How many Workday (WDAY) shares does CFO Zane Rowe hold after this transaction?

After the tax-withholding transaction, CFO Zane Rowe directly holds 302,413 shares. Footnotes state this figure includes 229,213 restricted stock units and 5,968 performance stock units, each potentially settling into one share if continued service requirements are met.

What equity awards are included in the Workday (WDAY) CFO’s reported holdings?

The reported 302,413-share holding includes 229,213 restricted stock units and 5,968 performance stock units. Each unit entitles the CFO to receive one Class A share upon settlement, subject to his continued service on the relevant vesting dates.