Workday CEO Aneel Bhusri Disposes of $1.58M in Class A Shares for Tax Obligations

Executive Summary

On October 7, 2026, Workday, Inc. (NASDAQ: WDAY) reported a Form 4 transaction for Chief Executive Officer and Director Aneel Bhusri. The report discloses the disposition of 8,502 shares of Class A Common Stock on October 5, 2026, valued at approximately $1.58 million, solely executed to cover tax withholding liabilities arising from the vesting of restricted stock units (RSUs).

Transaction Details

• Filing Date: October 7, 2026
• Transaction Date: October 5, 2026
• Security: Class A Common Stock
• Transaction Code: F (Payment of exercise price or tax liability by delivering or withholding securities)
• Shares Transacted: 8,502 shares disposed of at an average price of $186.14 per share
• Total Value: $1,582,562.28
• Ownership Post-Transaction:
  • Direct: 992,050 shares of Class A Common Stock (including 518,115 RSUs and 9,182 PSUs)
  • Direct (Derivatives): 547,003 Performance Rights and 8,126,443 shares of convertible Class B Common Stock
  • Indirect: 5,000 Class B Common Stock held by minor child

Trading Significance Assessment

The transaction is classified as Low Significance:

1. Routine Tax Withholding: The disposition was carried out under transaction code "F" to satisfy statutory tax obligations upon RSU vesting, rather than an open-market discretionary sale.
2. De Minimis Proportion: The 8,502 shares withheld represent less than 1% of Bhusri's direct Class A holdings and an even smaller fraction of his total economic interest, which includes over 8.1 million shares of Class B common stock.
3. No Shift in Sentiment: Because this is an automated/administrative disposition, it reflects standard compensation mechanics rather than insider sentiment on company prospects.