Workday Major Shareholder Files to Sell $13.7M in Stock
Workday, Inc.
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Filing Summary
Workday Major Shareholder Files to Sell $13.7M in Stock
Company: Workday, Inc. (0001327811) Form: 144 | Filed: 2026/03/26 Significance: Low
Insider: DUFFIELD DAVID A Relationship: 10% Stockholder
Transaction: • Type: Sell (Proposed) • Shares: 107,500 • Price: ~$127.07 (Implied) • Value: $13,660,025.00
Key Insight: Major shareholder David Duffield proposes sale of $13.7M under a 10b5-1 plan adopted in Dec 2025. This continues a pattern of identical weekly sales.
Market Context: Transaction represents just 0.04% of market cap, indicating routine diversification rather than a market-moving event.
Comprehensive Analysis
SEC Filing Analysis: Workday, Inc.
Executive Summary
- Trading Significance: Low
- Key Takeaway: Major shareholder executes routine planned sale of $13.7M via 10b5-1 plan.
- Market Impact: Minimal; transaction represents a negligible fraction of market capitalization.
Company Information
| Field | Value |
|---|---|
| Company | Workday, Inc. |
| CIK | 0001327811 |
| Industry | Services-Computer Processing & Data Preparation |
Insider Information
| Field | Value |
|---|---|
| Name | DUFFIELD DAVID A |
| CIK | 0000938071 |
| Relationship | 10% Stockholder |
| Account | DAVID A DUFFIELD TRUST U/T/A 7/14/88 |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 (Notice of Proposed Sale) |
| Transaction Date | 2026/03/26 (Approx. Sale) |
| Transaction Code | S (Sale) |
| Security Type | Common |
| Shares Involved | 107,500 |
| Price Per Share | ~$127.07 (Calculated) |
| Total Value | $13,660,025.00 |
| Ownership Type | Indirect (Trust) |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $13,660,025.00 |
| % 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 $34.20 billion, a $13.7M transaction is routine volume.
- Transaction Significance: The transaction represents <0.1% of both market cap and shares outstanding, falling well below the threshold for high significance.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The sale is part of a pre-arranged 10b5-1 trading plan adopted on 12/02/2025. The volume is insufficient to create selling pressure on a large-cap stock.
Volume & Sentiment
- Expected Volume Impact: Negligible.
- Sentiment Indicator: Neutral. Systematic selling by founders/major holders for diversification is standard practice.
Additional Context
Transaction Notes
- Pattern of Sales: The filing reveals a consistent pattern of sales. The reporting owner sold exactly 107,500 shares on March 23, March 18, March 13, March 10, March 5, and March 2. This confirms a highly structured liquidation plan.
- 10b5-1 Plan: The sales are executed under a plan adopted 12/02/2025, providing a safe harbor against insider trading accusations.
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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.