Duffield trust trims Workday (WDAY) stake, selling 107,500 shares via 10b5-1 plan
Rhea-AI Filing Summary
Workday, Inc. insider activity centers on the David A. Duffield Trust, a revocable living trust for founder David Duffield. On July 6, 2026, the trust sold an aggregate of 107,500 shares of Workday Class A Common Stock in a series of open-market transactions at weighted average prices disclosed in multiple ranges.
The sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted by the David A. Duffield Trust on December 2, 2025. To fund these sales, the trust converted 107,500 shares of Class B Common Stock into the same number of Class A shares. After these transactions, the trust held 105,049 shares of Class A Common Stock and 36,561,334 shares of Class B Common Stock, according to the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 107,500 shares ($14.54M approx. pre-tax spread)
Exercise and Sale
12 txns
Insider
DUFFIELD DAVID A
Role
10% Owner
Sold
107,500 shs ($14.54M)
Approx. gross sale proceeds
$14.54M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$14.54M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 107,500 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 107,500 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 2,106 | $129.8239 | $273K |
| Sale | Class A Common Stock | 13,550 | $130.8109 | $1.77M |
| Sale | Class A Common Stock | 11,348 | $131.7893 | $1.50M |
| Sale | Class A Common Stock | 7,953 | $132.7295 | $1.06M |
| Sale | Class A Common Stock | 2,476 | $133.9937 | $332K |
| Sale | Class A Common Stock | 7,098 | $134.6538 | $956K |
| Sale | Class A Common Stock | 3,417 | $135.8007 | $464K |
| Sale | Class A Common Stock | 15,869 | $136.8979 | $2.17M |
| Sale | Class A Common Stock | 43,583 | $137.7462 | $6.00M |
| Sale | Class A Common Stock | 100 | $138.30 | $14K |
Holdings After Transaction:
Class B Common Stock — 36,561,334 shares (Direct);
Class A Common Stock — 105,049 shares (Direct)
Footnotes (14)
- F1. 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.
- F2. This sale was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the David A. Duffield Trust dated December 2, 2025.
- F3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $129.23 to $130.2299, 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.
- F4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $130.27 to $131.2699, 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.
- F5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $131.28 to $132.2799, 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.
- F6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $132.28 to $133.2799, 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.
- F7. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $133.28 to $134.2799, 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.
- F8. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $134.28 to $135.2799, 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.
- F9. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $135.28 to $136.2799, 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.
- F10. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $136.28 to $137.2799, 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.
- F11. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $137.28 to $138.2799, 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.
- F12. The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $138.3 to $139.2999, 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.
- F13. 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.
- F14. 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
Class A holdings after: 212,549 shares
+2 more
5 metrics
Shares sold
107,500 shares
Aggregate Class A open-market sales on July 6, 2026
Shares converted
107,500 shares
Class B converted into Class A on July 6, 2026
Class A holdings after
212,549 shares
Class A Common Stock held by Duffield trust post-transaction
Class B holdings after
36,561,334 shares
Class B Common Stock held by Duffield trust post-conversion
Example sale price
$138.3000 per share
One reported weighted average sale price for Class A
Key Terms
Rule 10b5-1 trading plan, revocable living trust, weighted average price, Class B Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan financial
"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 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 B Common Stock financial
"Each share of Class B Common Stock is convertible, at any time at the option of the holder"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
permitted transferee financial
"transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation"
FAQ
What insider transactions did the Duffield trust report for Workday (WDAY)?
The David A. Duffield Trust reported selling 107,500 shares of Workday Class A Common Stock in open-market transactions and converting 107,500 Class B shares into Class A shares, all dated July 6, 2026, according to the Form 4.
Was the Workday (WDAY) insider sale by the Duffield trust pre-planned?
Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan previously adopted by the David A. Duffield Trust on December 2, 2025, indicating the trades were pre-scheduled rather than discretionary.
How were the sale prices reported for the Workday (WDAY) insider trades?
Each sale line shows a weighted average price, with footnotes explaining the shares were sold in multiple transactions within specific price ranges, such as $129.23 to $130.2299, and that detailed breakdowns are available on request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
