Workday Major Shareholder Files to Sell $14.4M in Stock
Workday, Inc.
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Filing Summary
Workday Major Shareholder Files to Sell $14.4M in Stock
Company: Workday, Inc. (WDAY) Form: 144 | Filed: 2026/03/13 Significance: Low (Routine/Plan)
Insider: DAVID A DUFFIELD TRUST U/T/A 7/14/88 Relationship: 10% Stockholder
Transaction (Proposed): • Type: Sell • Shares: 107,500 • Price: ~$134.14 (Est.) • Value: $14,420,050.00
Key Insight: Co-founder's trust continues selling under a 10b5-1 plan adopted in Dec 2025. This follows over $100M in sales over the past 3 months.
Market Context: Transaction represents ~0.04% of market cap. Routine liquidity for a major holder.
Comprehensive Analysis
SEC Filing Analysis: Workday, Inc. (WDAY)
Executive Summary
- Trading Significance: Low
- Key Takeaway: Co-founder's trust files to sell $14.4M in stock pursuant to a 10b5-1 trading plan.
- Market Impact: Neutral; transaction is small relative to market cap and part of a scheduled selling pattern.
Company Information
| Field | Value |
|---|---|
| Company | Workday, Inc. |
| Ticker Symbol | WDAY |
| CIK | 0001327811 |
| Industry | Services-Computer Processing & Data Preparation |
Insider Information
| Field | Value |
|---|---|
| Name | DAVID A DUFFIELD TRUST U/T/A 7/14/88 |
| CIK | 0000938071 |
| Relationship | 10% Stockholder |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 (Notice of Proposed Sale) |
| Transaction Date | 2026/03/13 (Approx) |
| Transaction Code | S (Sale) |
| Security Type | Common Stock |
| Shares Involved | 107,500 |
| Price Per Share | ~$134.14 (Est.) |
| Total Value | $14,420,050.00 |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $14,420,050 |
| % of Market Cap | 0.04% |
| Shares Transacted | 107,500 |
| % of Shares Outstanding | 0.04% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: With a market cap of $35.18B, a $14.4M transaction is negligible (0.04%).
- Ownership Concentration: The filer is a 10% owner; this sale does not materially alter control.
- Transaction Significance: The transaction falls well below the 0.1% threshold for moderate significance.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The sale is conducted under a 10b5-1 plan adopted 12/02/2025. The market typically discounts planned sales by major holders as routine diversification rather than bearish sentiment.
Volume & Sentiment
- Expected Volume Impact: Minimal. The share count is a fraction of daily volume.
- Sentiment Indicator: Neutral.
Additional Context
Transaction Notes
- Pattern: The filing discloses significant recent activity, with approximately $114M in sales reported in the "Securities Sold in Past 3 Months" section.
- 10b5-1 Plan: Sales are pursuant to a plan adopted on December 2, 2025, indicating this is an automated, scheduled liquidation.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.