David A. Duffield, who holds a 10% ownership stake in Workday, Inc. (NASDAQ: WDAY), reported selling Class A Common Stock valued at approximately $16,838,802 on June 1, 2026. This transaction involved the disposition of 107,500 shares of Class A Common Stock.
The weighted average sale price for these shares ranged between $150.1757 and $158.3568 per share. It is notable that the current trading price of WDAY stock stands at $146.93, which is below the range of prices achieved during this recent sale. Despite the sale, the stock has shown considerable recovery in value, gaining nearly 20% over the past week. This rebound follows a challenging six-month period when the stock experienced an approximate decline of 31%. The sales themselves were executed in compliance with a Rule 10b5-1 trading plan that had been previously adopted by the David A. Duffield Trust on December 2, 2025.
Preceding Transactions and Holdings
Before executing these recent dispositions, Mr. Duffield undertook an internal stock conversion process. Specifically, he converted 107,500 shares of Class B Common Stock into an equal number of Class A Common Stock shares. It is important to note that each share of Class B Common Stock possesses the characteristic of being convertible into one corresponding share of Class A Common Stock.
All reported equity holdings are maintained directly by the David A. Duffield Trust, which was established on July 14, 1988. Mr. Duffield serves as both the trustee and the sole beneficiary of this trust. Following the completion of these transactions, the trust's direct ownership stake includes 105,049 shares of Class A Common Stock and a substantial holding of 37,421,334 shares of Class B Common Stock.
From an analytical perspective, Workday’s financial standing is viewed positively. According to analysis provided by InvestingPro, the company appears undervalued at its present market levels, with the platform's Financial Health score assigning a