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  4. [Form 4] Workday, Inc. Insider Trading Activity

Workday (NASDAQ: WDAY) president reports 10b5-1 stock sales in Form 4

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Workday, Inc. President, Product and Technology Gerrit S. Kazmaier reported routine equity activity in Class A common stock. On January 5, 2026, 2,427 shares were withheld by Workday to cover tax obligations tied to vesting restricted stock units (RSUs) at a reported price of $205.79 per share.

On January 6, 2026, Kazmaier sold a total of 3,759 shares of Class A common stock in several trades at weighted average prices ranging from $206.78 to $210.109 per share. The filing states these sales were made under a previously adopted Rule 10b5-1 trading plan. Following these transactions, Kazmaier beneficially owned 105,167 RSUs, each convertible into one share of Class A common stock, subject to continued service and applicable vesting dates.

Positive

  • None.

Negative

  • None.
Insider Kazmaier Gerrit S
Role President, Prod. and Tech.
Sold 3,759 shs ($785K)
Type Security Shares Price Value
Sale Class A Common Stock 300 $206.78 $62K
Sale Class A Common Stock 1,200 $207.635 $249K
Sale Class A Common Stock 1,437 $209.2695 $301K
Sale Class A Common Stock 822 $210.109 $173K
Tax Withholding Class A Common Stock 2,427 $205.79 $499K
Holdings After Transaction: Class A Common Stock — 108,626 shares (Direct)
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 105,167 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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person dated September 19, 2025. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $206.17 to $207.1699, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $207.35 to $208.3499, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $208.66 to $209.6599, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $209.72 to $210.7199, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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).
X
 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 CA 94588
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Workday, Inc. [ WDAY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Prod. and Tech.
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Class A Common Stock 01/05/2026 F 2,427(1) D $205.79 108,926(2) D
Class A Common Stock 01/06/2026 S(3) 300 D $206.78(4) 108,626(2) D
Class A Common Stock 01/06/2026 S(3) 1,200 D $207.635(5) 107,426(2) D
Class A Common Stock 01/06/2026 S(3) 1,437 D $209.2695(6) 105,989(2) D
Class A Common Stock 01/06/2026 S(3) 822 D $210.109(7) 105,167(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount 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 105,167 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.
3. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person dated September 19, 2025.
4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $206.17 to $207.1699, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $207.35 to $208.3499, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $208.66 to $209.6599, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
7. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $209.72 to $210.7199, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
Remarks:
/s/ Juliana Capata, attorney-in-fact 01/07/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Workday (WDAY) disclose in this Form 4?

The Form 4 reports that Gerrit S. Kazmaier, Workday's President, Product and Technology, had shares withheld for taxes on RSU vesting and sold shares of Class A common stock in several market transactions.

How many Workday (WDAY) shares were sold by Gerrit Kazmaier?

On January 6, 2026, Kazmaier sold shares in four trades of 300, 1,200, 1,437, and 822 shares of Workday Class A common stock, respectively.

At what prices were the Workday (WDAY) shares sold in this Form 4?

The reported weighted average sale prices on January 6, 2026 were $206.78, $207.635, $209.2695, and $210.109 per share, each representing multiple trades within the respective price ranges described in the footnotes.

Were the Workday (WDAY) insider sales under a Rule 10b5-1 trading plan?

Yes. A footnote states that the sales reported in this Form 4 were made pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on September 19, 2025.

Why were 2,427 Workday (WDAY) shares withheld on January 5, 2026?

A footnote explains that the 2,427 shares represent shares withheld by Workday to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).

How many Workday (WDAY) shares or units does Gerrit Kazmaier hold after these transactions?

After the reported transactions, Kazmaier beneficially owned 105,167 RSUs, each entitling him to receive one share of Workday Class A common stock upon settlement, subject to continued service and vesting conditions.

Is Gerrit Kazmaier a major shareholder of Workday (WDAY)?

The Form 4 indicates that Kazmaier is an officer of Workday with the title President, Prod. and Tech. and is not identified as a 10% owner in this filing.