Workday Executive Chair’s Form 4 shows minor tax-related share disposal
Rhea-AI Filing Summary
Workday, Inc. (WDAY) – Form 4 filing dated 07/08/2025
Executive Chair and Director Aneel Bhusri reported a tax-related share withholding on 07/05/2025. The company automatically withheld 8,484 Class A shares (transaction code “F”) at an indicated price of $241.76 to satisfy RSU tax obligations. After the transaction Bhusri still holds 595,077 Class A shares directly and 8.13 million Class B shares (convertible 1-for-1 into Class A) plus 5,000 Class B shares indirectly via a minor child.
The disposal represents approximately 0.1 % of Bhusri’s direct Class A ownership and <0.01 % of his total economic interest when including Class B shares, indicating no meaningful change in insider exposure. No open-market purchases or sales were reported; the event is an administrative, non-discretionary transaction tied to RSU vesting.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine tax withholding; no change in insider sentiment.
This Form 4 shows a standard RSU-related share withholding. The 8,484 shares surrendered are immaterial versus Bhusri’s >8.7 million-share stake. Because shares were not sold on the open market and Class B holdings remain intact, the filing does not signal bullish or bearish intent. From a governance perspective, Bhusri retains voting control through Class B shares, so the event is operationally neutral and unlikely to affect valuation or liquidity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 8,484 | $241.76 | $2.05M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
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 182,232 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. 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. 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.
