Workday (WDAY) product and tech president logs 2,728-share sale and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Workday, Inc. President, Prod. and Tech. Gerrit S. Kazmaier reported small, mostly routine share dispositions. On July 7, 2026, he sold a total of 2,728 shares of Class A Common Stock in open-market transactions at prices between roughly $142.96 and $144.96, executed under a previously adopted Rule 10b5-1 trading plan.
On July 5, 2026, 8,976 shares were withheld to cover tax obligations tied to vesting restricted stock units, which is not an open-market sale. He continues to hold over 260,000 shares directly, plus 253,450 RSUs that can settle into additional shares if service conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,728 shares ($391,785)
Net Sell
4 txns
Insider
Kazmaier Gerrit S
Role
President, Prod. and Tech.
Sold
2,728 shs ($392K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,040 | $142.9573 | $149K |
| Sale | Class A Common Stock | 1,388 | $143.8198 | $200K |
| Sale | Class A Common Stock | 300 | $144.96 | $43K |
| Tax Withholding | Class A Common Stock | 8,976 | $135.40 | $1.22M |
Holdings After Transaction:
Class A Common Stock — 268,076 shares (Direct)
Footnotes (1)
- Represents shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the vesting of restricted stock units (RSUs). Includes 253,450 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 $142.51 to $143.5099, 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 $143.53 to $144.5299, 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 $144.72 to $145.7199, 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.
Key Figures
Shares sold: 2,728 shares
Sale price range: $142.9573–$144.9600 per share
Tax-withheld shares: 8,976 shares
+2 more
5 metrics
Shares sold
2,728 shares
Open-market Class A Common Stock sales on July 7, 2026
Sale price range
$142.9573–$144.9600 per share
Reported prices for July 7, 2026 sales
Tax-withheld shares
8,976 shares
Shares withheld for tax obligations on July 5, 2026
RSUs outstanding
253,450 RSUs
Each RSU entitles holder to one Class A share upon settlement
Direct holdings after transactions
Over 260,000 shares
Direct Class A Common Stock position following reported activity
Key Terms
Rule 10b5-1 trading plan, restricted stock units (RSUs), tax withholding obligation, weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted"
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
"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"
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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.
FAQ
What did Workday (WDAY) executive Gerrit Kazmaier report in this Form 4?
Gerrit S. Kazmaier reported selling 2,728 shares of Workday Class A Common Stock in open-market transactions. He also reported 8,976 shares withheld for taxes on RSU vesting, plus substantial remaining holdings and 253,450 RSUs subject to continued service.
Was Gerrit Kazmaier’s Workday (WDAY) stock sale pre-planned?
Yes. The filing states that the reported sales were effected under a Rule 10b5-1 trading plan adopted on September 19, 2025. Such plans schedule trades in advance, making the timing more mechanical and less reflective of short-term market views.
How many restricted stock units does Gerrit Kazmaier still hold at Workday (WDAY)?
He holds 253,450 restricted stock units, each convertible into one share of Class A Common Stock upon settlement. These RSUs generally vest over time and remain subject to his continued service with Workday on the applicable vesting dates.
How large is Gerrit Kazmaier’s remaining Workday (WDAY) equity position after these transactions?
After the reported sales and tax withholding, he continues to directly own more than 260,000 shares of Class A Common Stock. In addition, he holds 253,450 RSUs that can settle into shares if vesting and continued service conditions are satisfied.