Workday (WDAY) major holder Duffield trust sells 107,500 shares in plan trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Workday, Inc. major stockholder David A. Duffield, through the David A. Duffield Trust, reported a series of open-market sales on July 9, 2026 totaling 107,500 shares of Class A Common Stock at weighted-average prices generally between about $130 and $140 per share, effected under a previously adopted Rule 10b5-1 trading plan. On the same date, the trust converted 107,500 shares of Class B Common Stock into Class A Common Stock. Footnotes describe the trust’s status as a revocable living trust and outline the automatic conversion features of Workday’s dual-class share structure.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 107,500 shares ($14,699,057)
Net Sell
11 txns
Insider
DUFFIELD DAVID A
Role
10% Owner
Sold
107,500 shs ($14.70M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 107,500 | $0.00 | -- |
| Conversion | Class A Common Stock | 107,500 | $0.00 | -- |
| Sale | Class A Common Stock | 1,400 | $130.6314 | $183K |
| Sale | Class A Common Stock | 1,800 | $132.0744 | $238K |
| Sale | Class A Common Stock | 1,700 | $133.1206 | $226K |
| Sale | Class A Common Stock | 500 | $134.012 | $67K |
| Sale | Class A Common Stock | 14,299 | $135.4823 | $1.94M |
| Sale | Class A Common Stock | 27,858 | $136.4112 | $3.80M |
| Sale | Class A Common Stock | 39,133 | $137.1931 | $5.37M |
| Sale | Class A Common Stock | 20,710 | $138.3413 | $2.87M |
| Sale | Class A Common Stock | 100 | $138.98 | $14K |
Holdings After Transaction:
Class B Common Stock — 36,453,834 shares (Direct);
Class A Common Stock — 212,549 shares (Direct)
Footnotes (1)
- The reported shares are held by the David A. Duffield Trust dated July 14, 1988, a revocable living trust, of which the Reporting Person is trustee and sole beneficiary. This sale was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the David A. Duffield Trust dated December 2, 2025. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $130.43 to $131.4299, 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 $131.57 to $132.5699, 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 $132.59 to $133.5899, 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 $133.63 to $134.6299, 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 $134.87 to $135.8699, 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 $135.87 to $136.8699, 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 $136.87 to $137.8699, 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 $137.9 to $138.8999, 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 $138.98 to $139.9799, 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. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock, (b) the date when the number of outstanding shares of Class B Common Stock represents less than 9% of all outstanding shares of Class A and Class B Common Stock, (c) October 11, 2032 or (d) nine months after the death of the later to die of David A. Duffield and Aneel Bhusri. The shares of Class A and Class B Common Stock have no expiration date. Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect as of the date hereof. The shares of Class B Common Stock have no expiration date.
Key Figures
Shares sold: 107,500 shares
Shares converted: 107,500 shares
Lowest sale price range: $130.43–$131.4299
+4 more
7 metrics
Shares sold
107,500 shares
Total Class A Common Stock sold in open-market transactions on July 9, 2026
Shares converted
107,500 shares
Class B Common Stock converted into Class A Common Stock on July 9, 2026
Lowest sale price range
$130.43–$131.4299
One weighted-average price range for sales of Class A Common Stock
Highest sale price range
$138.98–$139.9799
Highest weighted-average price range disclosed for the reported sales
10b5-1 plan adoption date
December 2, 2025
Date the David A. Duffield Trust adopted the Rule 10b5-1 trading plan
Class B auto-conversion threshold
9%
Automatic conversion if Class B is less than 9% of all outstanding Class A and B shares
Class A/B final conversion date
October 11, 2032
One of the automatic conversion triggers for all Class A and B into a single class
Key Terms
Rule 10b5-1 trading plan, revocable living trust, weighted average price, permitted transferee, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This sale was 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.
revocable living trust financial
"a revocable living trust, of which the Reporting Person is trustee and sole beneficiary"
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple"
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.
permitted transferee regulatory
"transfers to any "permitted transferee" as defined in, the Issuer's restated"
automatic conversion financial
"All shares of Class A and Class B Common Stock will convert automatically into"
