Workday 10% Owner David Duffield Files Form 144 to Sell $18.8M
Workday, Inc.
Subscribe to track WDAY
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
Workday 10% Owner David Duffield Files Form 144 to Sell $18.8M
Company: Workday, Inc. (WDAY) Form: 144 | Filed: 2026/09/01 Significance: Low
Insider: David A. Duffield (Trust) Title: Co-Founder / 10% Owner | Relationship: 10% Stockholder
Transaction: • Type: Proposed Sale (Form 144) • Shares: 94,961 • Price: ~$197.45 • Value: $18,750,049.45
Key Insight: Routine programmatic disposition under a Rule 10b5-1 trading plan adopted on December 2, 2025.
Market Context: Represents ~0.048% of Workday's $39.05B market cap and 0.038% of total shares outstanding, indicating minimal market impact.
Comprehensive Analysis
SEC Filing Analysis: Workday, Inc. (WDAY)
Executive Summary
- Trading Significance: Low
- Key Takeaway: 10% owner David A. Duffield filed Form 144 notice of proposed sale for 94,961 shares valued at approximately $18.75 million under a pre-established Rule 10b5-1 plan.
- Market Impact: Negligible market impact given the small percentage relative to total capitalization and structured execution.
Company Information
| Field | Value |
|---|---|
| Company | Workday, Inc. |
| Ticker Symbol | WDAY |
| CIK | 0001327811 |
| Industry | Services - Computer Processing & Data Preparation |
Insider Information
| Field | Value |
|---|---|
| Name | DUFFIELD DAVID A (DAVID A. DUFFIELD TRUST U/T/A 7/14/88) |
| CIK | 0000938071 |
| Title/Position | Co-Founder |
| Relationship | 10% Stockholder |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 |
| Transaction Date | 2026/09/01 |
| Transaction Code | S (Proposed Sale) |
| Security Type | Common Stock |
| Shares Involved | 94,961 |
| Price Per Share | ~$197.45 |
| Total Value | $18,750,049.45 |
| Ownership Type | Indirect |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $18,750,049.45 |
| % of Market Cap ($39.05B) | 0.048% |
| Shares Transacted | 94,961 |
| % of Shares Outstanding (247.0M) | 0.038% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: For a large-cap enterprise software firm with a $39.05 billion market cap, an $18.75 million planned sale represents less than 0.05% of equity value, falling well below materiality thresholds.
- Transaction Significance: Routine liquidation executed pursuant to a Rule 10b5-1 plan adopted on December 2, 2025, continuing regular historical distributions.
Market Impact Analysis
- Direction: Neutral
- Reasoning: Pre-scheduled selling under a 10b5-1 plan with negligible relative volume does not reflect operational shifts or management outlook changes.
- Sentiment Indicator: Neutral
Additional Context
- Special Circumstances: The sale was initiated under a Rule 10b5-1 trading plan established on December 2, 2025. Shares were originally acquired via private placement in December 2007.
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is AI-generated from public SEC filings and may contain errors. It is for informational and educational purposes only and is not investment, legal, or tax advice.
The Filing Fool is not a registered investment adviser, broker-dealer, or financial planner. Nothing here is a recommendation or solicitation to buy, sell, or hold any security.
Always do your own due diligence and consult a licensed professional.