[Form 4] Workday, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Mark S. Garfield, Chief Accounting Officer at Workday, Inc. (WDAY), reported a transaction on 10/05/2025 that reduced his direct holdings. The filing shows 3,767 shares of Class A common stock were disposed of at a reported price of $236.48; the filing states these shares were withheld by the issuer to satisfy tax withholding related to the vesting of restricted stock units (RSUs). After the transaction, the reporting person is recorded as beneficially owning 39,266 shares, which the filer explains include 33,965 RSUs pending settlement and 56 shares purchased through the employee stock purchase program on 05/30/2025. The report was signed by an attorney-in-fact on 10/07/2025.

Insights

Corporate Insider / Equity Compensation Analyst

TL;DR: A tax-withholding share disposition after RSU vesting reduced direct shares while leaving a substantial RSU balance.

The transaction is a routine tax withholding event: 3,767 shares were withheld at $236.48 to cover taxes triggered by RSU vesting on 10/05/2025. This does not indicate an open-market sale intended to realize cash, but rather an administrative disposition tied to compensation settlement.

The reporting person still holds the economic interest in 33,965 RSUs that will convert to shares upon settlement and retains 56 ESPP shares, leaving a total reported beneficial ownership of 39,266 shares. Watch upcoming vesting/settlement dates for potential further withholding or share movements within the next 12 months.

Governance / SEC Reporting Specialist

TL;DR: The Form 4 is a standard Section 16 disclosure showing required tax withholding and identifies the reporting relationship.

The form indicates the filer is an officer (Chief Accounting Officer) and was filed singly. The remarks explicitly state the withholding was to satisfy tax obligations and list components of beneficial ownership, which fulfills disclosure requirements. There are no derivative transactions or option exercises reported in this filing.

Investors or compliance teams may note the filing date 10/07/2025 and the transaction date 10/05/2025 for timing records; no amendments or additional transactions are disclosed.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Garfield Mark S.

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	3,767	$236.48	$891K

Holdings After Transaction: Class A Common Stock — 39,266 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 33,965 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. Also includes 56 shares of Class A Common Stock that were purchased through the Issuer's Employee Stock Purchase Program on May 30, 2025.

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).

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^*

Garfield Mark 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)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/05/2025

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	10/05/2025		F		3,767(1)	D	$236.48	39,266(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 33,965 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. Also includes 56 shares of Class A Common Stock that were purchased through the Issuer's Employee Stock Purchase Program on May 30, 2025.

Remarks:

	/s/ Juliana Capata, attorney-in-fact	10/07/2025
	** 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.