# EDGAR Filing Document

**Accession Number:** 0001409324
**File Stem:** 0001409324-25-000007
**Filing Date:** 2025-10
**Character Count:** 10975
**Document Hash:** 4dfbc8714b6c48fce27cb1557e8eacf7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001409324-25-000007.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0001409324-25-000007

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251001

**FILED AS OF DATE**: 20251003

**DATE AS OF CHANGE**: 20251003

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Eschenbach Carl M.
- **CENTRAL INDEX KEY:** 0001409324

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35680
- **FILM NUMBER:** 251375309

**MAIL ADDRESS:**
- **STREET 1:** C/O WORKDAY, INC.
- **STREET 2:** 6110 STONERIDGE MALL ROAD
- **CITY:** PLEASANTON
- **STATE:** CA
- **ZIP:** 94588
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Workday, Inc.
- **CENTRAL INDEX KEY:** 0001327811
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 202480422
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**BUSINESS ADDRESS:**
- **STREET 1:** 6110 STONERIDGE MALL ROAD
- **CITY:** PLEASANTON
- **STATE:** CA
- **ZIP:** 94588
- **BUSINESS PHONE:** 925-951-9000

**MAIL ADDRESS:**
- **STREET 1:** 6110 STONERIDGE MALL ROAD
- **CITY:** PLEASANTON
- **STATE:** CA
- **ZIP:** 94588

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Workday Inc
- **DATE OF NAME CHANGE:** 20050519

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[x] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Eschenbach Carl M.<br><sub>(Last) (First) (Middle)</sub><br>C/O WORKDAY, INC.<br>6110 STONERIDGE MALL ROAD<br><sub>(Street)</sub><br>PLEASANTON, CA 94588<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-10-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Workday, Inc. [ WDAY ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2025-10-01 |  | S<sup>(1)</sup> |  | 1506<sup>(2)</sup> | D | 232.5058<sup>(3)</sup> | 24966<sup>(4)</sup> | I | Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE<sup>(5)</sup> |
| Class A Common Stock | 2025-10-01 |  | S<sup>(1)</sup> |  | 500<sup>(2)</sup> | D | 233.4441<sup>(6)</sup> | 24466<sup>(4)</sup> | I | Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE<sup>(5)</sup> |
| Class A Common Stock | 2025-10-01 |  | S<sup>(1)</sup> |  | 381<sup>(2)</sup> | D | 236.9904<sup>(7)</sup> | 24085<sup>(4)</sup> | I | Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE<sup>(5)</sup> |
| Class A Common Stock | 2025-10-01 |  | S<sup>(1)</sup> |  | 200<sup>(2)</sup> | D | $238.73 | 23885<sup>(4)</sup> | I | Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE<sup>(5)</sup> |
| Class A Common Stock | 2025-10-01 |  | S<sup>(1)</sup> |  | 3425<sup>(2)</sup> | D | 240.0321<sup>(8)</sup> | 20460<sup>(4)</sup> | I | Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE<sup>(5)</sup> |
| Class A Common Stock | 2025-10-01 |  | S<sup>(1)</sup> |  | 238<sup>(2)</sup> | D | 241.5088<sup>(9)</sup> | 20222<sup>(4)</sup> | I | Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE<sup>(5)</sup> |
| Class A Common Stock |  |  |  |  |  |  |  | 655436<sup>(10)</sup> | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Eschenbach Family Trust dated October 7, 2024.

(2) These securities were transferred by the Reporting Person to The Eschenbach Family Trust dated April 15, 2014 (the "Trust"), of which the Reporting Person and his spouse are trustees and beneficiaries, and were sold by the Eschenbach Family Trust as reported herein.

(3) The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $232.01 to $232.94, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.

(4) The number of shares reported as indirectly held by the Trust reflects transfers of Class A Common Stock by the Reporting Person to the Trust on each of each of January 6, 2025, April 2, 2025, May 27, 2025, and July 1, 2025, in connection with sales of Class A Common Stock by the Trust on such dates.

(5) The trust is in the name of the Reporting Person and his spouse, who are both trustees and beneficiaries of the trust.

(6) The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $233.05 to $233.82, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.

(7) The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $236.68 to $237.14, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.

(8) The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $240.00 to $240.64, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.

(9) The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $241.36 to $241.68, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.

(10) Includes 255,779 RSUs and 192,308 PRSUs, each of which entitle the Reporting Person to receive one share of Class A Common Stock upon settlement. All grants are subject to the Reporting Person's continued service with the Issuer on the applicable vesting dates.  Also includes 69 shares of Class A Common Stock that were purchased through the Issuer's Employee Stock Purchase Program on May 30, 2025.  The number of shares reported as directly held by the Reporting Person reflects transfers of Class A Common Stock by the Reporting Person to the Trust on each of each of January 6, 2025, April 2, 2025, May 27, 2025, and July 1, 2025, in connection with sales of Class A Common Stock by the Trust on such dates.

**Signature:** /s/ Juliana Capata, attorney-in-fact  
**Date:** 2025-10-03

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**