Workday Chief Legal Officer Surrenders $1.26M in Shares for Tax Withholding

Executive Summary

On October 5, 2026, Richard Harry Sauer, Chief Legal Officer and Secretary of Workday, Inc. (NASDAQ: WDAY), disposed of 6,783 shares of Class A Common Stock at a price of $186.14 per share, totaling approximately $1.26 million. Following this transaction, Sauer retains direct ownership of 167,960 shares of Class A Common Stock (including RSUs and PSUs).

Transaction Details

• Security: Class A Common Stock
• Transaction Code: F (Payment of exercise price or tax liability by delivering or withholding securities)
• Shares Withheld: 6,783
• Price Per Share: $186.14
• Total Disposition Value: $1,262,587.62
• Direct Beneficial Ownership Post-Transaction: 167,960 shares (including 120,107 RSUs and 4,132 PSUs)

Market Impact & Significance

This transaction carries Low trading significance. The disposition was executed under transaction code 'F', which represents shares automatically withheld by Workday to cover required tax withholding obligations resulting from the vesting of restricted stock units (RSUs). Because this was a non-discretionary, administrative disposition rather than an open-market insider sale, it does not reflect changes in management sentiment regarding Workday's operational performance or valuation.