STOCK TITAN

[Form 4] Workday, Inc. Insider Trading Activity

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

Carl M. Eschenbach, Workday, Inc. (WDAY) director and CEO, reported multiple disposals of Class A common stock on 10/01/2025 that were executed by the Eschenbach Family Trust under a previously adopted Rule 10b5-1 trading plan. The Form 4 shows specific block sales at weighted average prices ranging from $232.01 to $241.68, and an aggregate line item reporting 655,436 shares disposed.

The filing states the Reporting Person transferred shares into the Trust on several dates in 2025 and that the Trust — of which the reporting person and his spouse are trustees and beneficiaries — sold shares per the plan. The Form 4 also discloses remaining indirect and direct beneficial holdings, and that outstanding equity awards (RSUs and PRSUs) total 448,087 underlying shares noted in the footnotes.

Carl M. Eschenbach, presidente e CEO di Workday, Inc. (WDAY) ha riferito molteplici disposizioni di azioni ordinarie di Classe A l'10/01/2025 che sono state eseguite dal Eschenbach Family Trust nell'ambito di un piano di trading precedentemente adottato Rule 10b5-1. Il Form 4 mostra vendite in blocco specifiche con prezzi medi ponderati che vanno da $232.01 a $241.68, e una voce aggregata che riporta 655,436 azioni dispose.

La registrazione indica che la Persona di Rendicontazione ha trasferito azioni nel Trust in diverse date del 2025 e che il Trust — di cui la persona di rendicontazione e il coniuge sono fideiussori e beneficiari — ha venduto azioni secondo il piano. Il Form 4 rivela anche le partecipazioni indirette e dirette residue e che i premi azionari in circolazione (RSU e PRSU) ammontano a 448,087 azioni sottostanti indicate nelle note a piè di pagina.

Carl M. Eschenbach, director y CEO de Workday, Inc. (WDAY), informó múltiples disposiciones de acciones comunes de Clase A el 10/01/2025 que fueron ejecutadas por el Eschenbach Family Trust bajo un plan de negociación Rule 10b5-1 previamente adoptado. El Form 4 muestra ventas en bloque específicas a precios promedio ponderados que van desde $232.01 hasta $241.68, y una línea agregada que reporta 655,436 acciones dispuestas.

La presentación indica que la Persona Informante transfirió acciones al Trust en varias fechas de 2025 y que el Trust —del cual la persona que reporta y su cónyuge son fideicomitentes y beneficiarios— vendió acciones conforme al plan. El Form 4 también divulga las participaciones beneficiosas indirectas y directas restantes, y que las adjudicaciones de acciones (RSUs y PRSUs) pendientes totalizan 448,087 acciones subyacentes indicadas en las notas al pie.

Carl M. Eschenbach는 Workday, Inc.의 이사이자 CEO로, WDAY의 이사이며 CEO인 그는 Eschenbach Family Trust가 미리 채택된 Rule 10b5-1 거래 계획에 따라 10/01/2025에 다수의 Class A 보통주 매도를 실행했다고 보고했다. Form 4는 가중평균가가 $232.01에서 $241.68 사이의 특정 블록 매도와 655,436주가 처분되었다는 합계 항목을 보여준다.

공시에는 보고인(Reporting Person)이 2025년 여러 날짜에 주식을 Trust로 이전했으며, 보고인과 그의 배우자가 수탁자이자 수혜자인 이 Trust가 계획에 따라 주식을 매도했다고 명시되어 있다. Form 4는 남아 있는 간접 및 직접 유익 지분과 남아 있는 보상주식(RSU 및 PRSU)이 기초 주식 448,087주로 나타난다는 각주를 공개한다.

Carl M. Eschenbach, administrateur et PDG de Workday, Inc. (WDAY), a signalé de multiples cessions d'actions ordinaires de classe A le 10/01/2025 qui ont été effectuées par le Eschenbach Family Trust dans le cadre d'un plan de négociation Rule 10b5-1 préalablement adopté. Le Form 4 présente des ventes en bloc spécifiques à des prix moyens pondérés allant de $232.01 à $241.68, et une ligne agrégée indiquant 655,436 actions disposées.

Le dépôt précise que la Personne déclarant a transféré des actions au Trust à plusieurs dates en 2025 et que le Trust — dont la personne déclarant et son conjoint sont fiduciaires et bénéficiaires — a vendu des actions conformément au plan. Le Form 4 divulge également les détentions bénéficiaires indirectes et directes restantes, et que les rémunérations en actions en cours (RSU et PRSU) totalisent 448,087 actions sous-jacentes indiquées dans les notes de bas de page.

Carl M. Eschenbach, Vorstand und CEO von Workday, Inc. (WDAY), meldete mehrere Veräußerungen von Class-A-Stammaktien am 10/01/2025, die von dem Eschenbach Family Trust im Rahmen eines zuvor angenommenen Handelsplans nach Rule 10b5-1 durchgeführt wurden. Das Formular 4 zeigt spezifische Blockverkäufe zu gewichteten Durchschnittspreisen von $232.01 bis $241.68 und eine aggregierte Zeile, die 655,436 veräußerte Aktien ausweist.

Die Einreichung besagt, dass die meldende Person Anteile im Jahr 2025 an den Trust übertragen hat und dass der Trust — in dem die meldende Person und ihr Ehepartner Treuhänder und Begünstigte sind — Aktien gemäß dem Plan verkauft hat. Das Formular 4 offenbart auch verbleibende indirekte und direkte begünstigte Beteiligungen und dass ausstehende Aktienzusagen (RSUs und PRSUs) insgesamt 448,087 zugrundeliegende Aktien gemäß Fußnoten aufweisen.

Carl M. Eschenbach، مدير تنفيذي لشركة Workday, Inc. (WDAY)، أبلغ عن عدة عمليات بيع لأسهم عادية من الفئة A في 10/01/2025 نفذها Eschenbach Family Trust بموجب خطة تداول مُتبناة سابقاً وفق Rule 10b5-1. يوضح النموذج 4 مبيعات ضخمة محددة بأسعار متوسطة وزنية تتراوح بين $232.01 و $241.68، وخانة مجمعة تُبيّن 655,436 سهماً مُنفّذاً.

تنص الإيداع على أن الشخص المبلغ باع الأسهم إلى الثقة في عدة تواريخ خلال 2025 وأن الثقة — التي فيها المبلغ والشريك كُلاًهما وصيانان وممنوحان — باعت أسهماً وفقاً للخطة. كما يكشف النموذج 4 عن الحيازات الإيجابية المباشرة وغير المباشرة المتبقية، وأن الجوائز القائمة من الأسهم (RSUs و PRSUs) الإجمالية تبلغ 448,087 سهماً أساسياً مذكوراً في الحواشي.

Carl M. Eschenbach,Workday, Inc.(WDAY)的董事兼首席执行官,报告了在10/01/2025Eschenbach Family Trust执行的多项A类普通股处置,这些处置是在先前采用的Rule 10b5-1交易计划下进行的。Form 4显示了价格加权平均在$232.01$241.68之间的特定大笔出售,并有一行汇总报告655,436股的处置总量。

申报文件指出,申报人于2025年的若干日期将股份转入信托,而该信托——申报人与其配偶为受托人及受益人——按照计划出售股份。Form 4 同时披露剩余的间接及直接的受益所有权,以及尚在行权的股票奖励(RSU 和 PRSU)总计为448,087股,见脚注所示的底层股份。

Positive
  • Sales executed under a Rule 10b5-1 trading plan, indicating pre‑planned transactions
  • Disclosure of weighted‑average price ranges for each sale series, enabling price transparency
Negative
  • Reported disposal of 655,436 Class A shares, a sizable insider sale reported on 10/01/2025
  • Shares transferred into the Eschenbach Family Trust and sold, reducing the Reporting Person's indirect holdings

Insights

Insider sales were pre-planned under a Rule 10b5-1 plan; sales were sizable.

The Form 4 confirms the sales on 10/01/2025 were effected by the Eschenbach Family Trust pursuant to a 10b5-1 plan adopted on 10/07/2024, which provides an affirmative defense to claims of opportunistic insider trading when conditions are satisfied.

The filing shows multiple transactions at weighted-average prices between $232.01 and $241.68 and an aggregate reported disposal of 655,436 Class A shares. For governance review, the 10b5-1 disclosure and trust transfers are key facts for assessing whether the trades followed a preset schedule rather than being responsive to undisclosed material information.

Carl M. Eschenbach, presidente e CEO di Workday, Inc. (WDAY) ha riferito molteplici disposizioni di azioni ordinarie di Classe A l'10/01/2025 che sono state eseguite dal Eschenbach Family Trust nell'ambito di un piano di trading precedentemente adottato Rule 10b5-1. Il Form 4 mostra vendite in blocco specifiche con prezzi medi ponderati che vanno da $232.01 a $241.68, e una voce aggregata che riporta 655,436 azioni dispose.

La registrazione indica che la Persona di Rendicontazione ha trasferito azioni nel Trust in diverse date del 2025 e che il Trust — di cui la persona di rendicontazione e il coniuge sono fideiussori e beneficiari — ha venduto azioni secondo il piano. Il Form 4 rivela anche le partecipazioni indirette e dirette residue e che i premi azionari in circolazione (RSU e PRSU) ammontano a 448,087 azioni sottostanti indicate nelle note a piè di pagina.

Carl M. Eschenbach, director y CEO de Workday, Inc. (WDAY), informó múltiples disposiciones de acciones comunes de Clase A el 10/01/2025 que fueron ejecutadas por el Eschenbach Family Trust bajo un plan de negociación Rule 10b5-1 previamente adoptado. El Form 4 muestra ventas en bloque específicas a precios promedio ponderados que van desde $232.01 hasta $241.68, y una línea agregada que reporta 655,436 acciones dispuestas.

La presentación indica que la Persona Informante transfirió acciones al Trust en varias fechas de 2025 y que el Trust —del cual la persona que reporta y su cónyuge son fideicomitentes y beneficiarios— vendió acciones conforme al plan. El Form 4 también divulga las participaciones beneficiosas indirectas y directas restantes, y que las adjudicaciones de acciones (RSUs y PRSUs) pendientes totalizan 448,087 acciones subyacentes indicadas en las notas al pie.

Carl M. Eschenbach는 Workday, Inc.의 이사이자 CEO로, WDAY의 이사이며 CEO인 그는 Eschenbach Family Trust가 미리 채택된 Rule 10b5-1 거래 계획에 따라 10/01/2025에 다수의 Class A 보통주 매도를 실행했다고 보고했다. Form 4는 가중평균가가 $232.01에서 $241.68 사이의 특정 블록 매도와 655,436주가 처분되었다는 합계 항목을 보여준다.

공시에는 보고인(Reporting Person)이 2025년 여러 날짜에 주식을 Trust로 이전했으며, 보고인과 그의 배우자가 수탁자이자 수혜자인 이 Trust가 계획에 따라 주식을 매도했다고 명시되어 있다. Form 4는 남아 있는 간접 및 직접 유익 지분과 남아 있는 보상주식(RSU 및 PRSU)이 기초 주식 448,087주로 나타난다는 각주를 공개한다.

Carl M. Eschenbach, administrateur et PDG de Workday, Inc. (WDAY), a signalé de multiples cessions d'actions ordinaires de classe A le 10/01/2025 qui ont été effectuées par le Eschenbach Family Trust dans le cadre d'un plan de négociation Rule 10b5-1 préalablement adopté. Le Form 4 présente des ventes en bloc spécifiques à des prix moyens pondérés allant de $232.01 à $241.68, et une ligne agrégée indiquant 655,436 actions disposées.

Le dépôt précise que la Personne déclarant a transféré des actions au Trust à plusieurs dates en 2025 et que le Trust — dont la personne déclarant et son conjoint sont fiduciaires et bénéficiaires — a vendu des actions conformément au plan. Le Form 4 divulge également les détentions bénéficiaires indirectes et directes restantes, et que les rémunérations en actions en cours (RSU et PRSU) totalisent 448,087 actions sous-jacentes indiquées dans les notes de bas de page.

Carl M. Eschenbach, Vorstand und CEO von Workday, Inc. (WDAY), meldete mehrere Veräußerungen von Class-A-Stammaktien am 10/01/2025, die von dem Eschenbach Family Trust im Rahmen eines zuvor angenommenen Handelsplans nach Rule 10b5-1 durchgeführt wurden. Das Formular 4 zeigt spezifische Blockverkäufe zu gewichteten Durchschnittspreisen von $232.01 bis $241.68 und eine aggregierte Zeile, die 655,436 veräußerte Aktien ausweist.

Die Einreichung besagt, dass die meldende Person Anteile im Jahr 2025 an den Trust übertragen hat und dass der Trust — in dem die meldende Person und ihr Ehepartner Treuhänder und Begünstigte sind — Aktien gemäß dem Plan verkauft hat. Das Formular 4 offenbart auch verbleibende indirekte und direkte begünstigte Beteiligungen und dass ausstehende Aktienzusagen (RSUs und PRSUs) insgesamt 448,087 zugrundeliegende Aktien gemäß Fußnoten aufweisen.

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*
Eschenbach Carl M.

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
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 10/01/2025 S(1) 1,506(2) D $232.5058(3) 24,966(4) I Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE(5)
Class A Common Stock 10/01/2025 S(1) 500(2) D $233.4441(6) 24,466(4) I Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE(5)
Class A Common Stock 10/01/2025 S(1) 381(2) D $236.9904(7) 24,085(4) I Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE(5)
Class A Common Stock 10/01/2025 S(1) 200(2) D $238.73 23,885(4) I Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE(5)
Class A Common Stock 10/01/2025 S(1) 3,425(2) D $240.0321(8) 20,460(4) I Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE(5)
Class A Common Stock 10/01/2025 S(1) 238(2) D $241.5088(9) 20,222(4) I Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE(5)
Class A Common Stock 655,436(10) 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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Eschenbach Family Trust dated October 7, 2024.
2. These securities were transferred by the Reporting Person to The Eschenbach Family Trust dated April 15, 2014 (the "Trust"), of which the Reporting Person and his spouse are trustees and beneficiaries, and were sold by the Eschenbach Family Trust as reported herein.
3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $232.01 to $232.94, 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.
4. The number of shares reported as indirectly held by the Trust reflects transfers of Class A Common Stock by the Reporting Person to the Trust on each of each of January 6, 2025, April 2, 2025, May 27, 2025, and July 1, 2025, in connection with sales of Class A Common Stock by the Trust on such dates.
5. The trust is in the name of the Reporting Person and his spouse, who are both trustees and beneficiaries of the trust.
6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $233.05 to $233.82, 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 $236.68 to $237.14, 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.
8. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $240.00 to $240.64, 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.
9. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $241.36 to $241.68, 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.
10. Includes 255,779 RSUs and 192,308 PRSUs, 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. Also includes 69 shares of Class A Common Stock that were purchased through the Issuer's Employee Stock Purchase Program on May 30, 2025. The number of shares reported as directly held by the Reporting Person reflects transfers of Class A Common Stock by the Reporting Person to the Trust on each of each of January 6, 2025, April 2, 2025, May 27, 2025, and July 1, 2025, in connection with sales of Class A Common Stock by the Trust on such dates.
Remarks:
/s/ Juliana Capata, attorney-in-fact 10/03/2025
** 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.

FAQ

What did Carl M. Eschenbach (WDAY) report on Form 4?

The Form 4 reports multiple disposals of Class A common stock executed on 10/01/2025 by the Eschenbach Family Trust under a 10b5-1 trading plan.

How many shares were reported sold in the filing for WDAY?

The filing includes an aggregate reported disposal line of 655,436 Class A shares and multiple smaller lots with disclosed weighted‑average prices.

Were the trades part of a pre-established plan (WDAY)?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Eschenbach Family Trust on 10/07/2024.

What price ranges were disclosed for the sales?

Prices were disclosed as weighted averages within ranges from $232.01 up to $241.68 across the reported transactions.

Who controls the Eschenbach Family Trust?

The trust is in the names of the Reporting Person and his spouse; both are trustees and beneficiaries according to the filing.
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