Workday President & CCO Robert Enslin Disposes Shares Under Rule 10b5-1 Plan and Tax Withholding

Overview & Context

On October 7, 2026, Robert Enslin, President and Chief Commercial Officer of Workday, Inc. (NASDAQ: WDAY), filed a Form 4 detailing transactions executed on October 5, 2026. The filing reports dispositions totaling 11,008 shares of Class A Common Stock, comprising:

1. Tax Withholding (Code F): 5,634 shares withheld at $186.14 per share ($1,048,712.76) to cover tax liabilities associated with RSU vesting.
2. Open Market Sales (Code S): 5,374 shares sold across five tranches at weighted average prices between $185.58 and $188.81, generating gross proceeds of $1,004,920.87.

Trading Plan & Execution Details

The open market sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on September 26, 2025. This satisfies the required cooling-off period under SEC regulations, confirming that these sales were pre-scheduled and not an ad-hoc discretionary trade based on material non-public information.

Impact on Ownership Position

Following the transactions, Enslin directly owns 226,233 shares of Class A Common Stock. This post-transaction total includes 212,749 restricted stock units (RSUs) that remain subject to future time-based vesting and continued service with Workday. The total disposition represents approximately 4.6% of his overall reported equity stake prior to the trades.

Assessment

The trading activity carries Low significance for market participants. The transactions consist solely of routine RSU tax withholding and automated Rule 10b5-1 plan executions, with the insider continuing to hold significant equity exposure to Workday.