Insider trade

10% owner sold ~$11.9M of WDAY shares in the open market

Traded Dec 16, 2025 · Filed Dec 19, 2025

Workday, Inc.WDAY

~$11.9M
Approx. value · 55K sh @ $216.04: 114K
Holds after · shares reported: −12.6%
stock since the trade · S&P 500 +14.1%, $216.11 → $188.96 on Oct 5

Why it stands out

A 10% owner of Workday sold $11.9M of Workday shares. The filing says it was made under a pre-arranged trading plan.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Dec 16, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 19, 2025

10% owner$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$11,936,748

Shares × reported transaction price

Timing vs results

21 days after results of Nov 25, 2025, 50 days before results of Feb 4, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $216.11 on Dec 16, 2025, within 3% of its 52-week low, after a 9% drop over the previous 30 trading days

52-week range $210.47 (Apr 8, 2025) to $278.01 (Dec 17, 2024), 8% of the way up, from 250 adjusted closes. 30 trading days earlier: $237.68 on Nov 3, 2025. Describes the past only, not a forecast

Layoff notice nearby

A WARN layoff notice covering 154 workers was filed in California on February 4, 2026.

From the official state WARN list, 50 days after the trade. Shown for timing only; the two filings are separate

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+0.9%	+1.4%	−0.5%
30 days	−16.3%	−0.4%	−15.9%
90 days	−39.0%	−3.0%	−35.9%
180 days	−44.3%	+8.9%	−53.1%

Past results only. Not a forecast.

Source receipt

Record ID: 0000938071-25-000017
Filed / recorded: Dec 19, 2025, 2:19 AM UTC
Added to OQRO: Oct 2, 2026, 12:29 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Workday, Inc.
Issuer CIK: 1327811
Ticker: WDAY
Reporting person: DUFFIELD DAVID A
Relationship: 10% owner
Security: Class A Common Stock
Table: Non-derivative (Table I)
Transaction date: Dec 16, 2025
Transaction code: S
Shares / units: 55,253
Price per share: $216.04
Acquired / disposed: Disposed (D)
Shares owned after: 114,349
Ownership form: Direct
Amendment: No

Footnotes from the filing

This sale was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the David A. Duffield Trust, and the Dave & Cheryl Duffield Foundation dated December 3, 2024.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $215.6 to $216.5999, 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 set forth in this footnote of this Form 4.
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.