David A. Duffield, recognized as a 10% owner of Workday Inc. (NASDAQ:WDAY), conducted a significant divestment of 107,500 shares of Class A Common Stock on July 9, 2026. The transaction yielded a total value of approximately $14.7 million. These shares were sold at varying prices, ranging from $130.6314 to $138.98 per share during the execution period.
The sales were structured under a Rule 10b5-1 trading plan, a pre-arranged framework designed to facilitate stock transactions in compliance with insider trading regulations. This specific plan was established pursuant to the David A. Duffield Trust, which was originally adopted on December 2, 2025. All shares involved in this reported transaction are held within the David A. Duffield Trust, a revocable living trust established on July 14, 1988. Mr. Duffield serves as both the trustee and the sole beneficiary of this entity, maintaining direct control over the trust’s assets.
Following the completion of these sales, Mr. Duffield’s direct holdings in Class A Common Stock decreased to 105,049 shares. However, his indirect holdings of Class B Common Stock remain substantial, totaling 36,453,834 shares. Prior to executing the sale, Mr. Duffield converted 107,500 shares of Class B Common Stock into an equal number of Class A Common Stock shares. Each Class B share is convertible into one Class A share at the holder’s option, or automatically upon certain conditions, with no expiration date attached to this conversion right.
The timing of this insider activity occurs as Workday shares have declined roughly 30% over the past six months. Despite this recent downturn, the stock currently trades at $144.87. According to InvestingPro analysis, the stock appears undervalued, with shares trading well below Fair Value estimates. The company maintains impressive gross profit margins of 76% and holds a market cap of $35.7 billion. Investors can access the comprehensive Pro Research Report for deeper analysis on Workday and 1,400+ other US equities.
Workday Inc has been in the spotlight with several notable developments. Monness, Crespi, Hardt upgraded Workday’s stock rating to Buy from Neutral, setting a price target of $150. Meanwhile, Cantor Fitzgerald and Oppenheimer reiterated their positive outlooks on Workday, with price targets of $160 and $165, respectively. Workday stockholders approved all company proposals at the recent annual meeting, including the election of four Class II directors to serve until 2029. In legal matters, Workday must face claims regarding its AI-powered HR software, which allegedly screened out job applicants in violation of California and federal disability discrimination laws. These recent developments highlight the ongoing interest and scrutiny surrounding Workday’s business operations and stock performance.
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