# EDGAR Filing Document

**Accession Number:** 0000938071
**File Stem:** 0000938071-25-000015
**Filing Date:** 2025-12
**Character Count:** 11343
**Document Hash:** cf745afe109719c04896e98a95fcfefd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000938071-25-000015.hdr.sgml**: 20251204

**ACCESSION NUMBER**: 0000938071-25-000015

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251202

**FILED AS OF DATE**: 20251204

**DATE AS OF CHANGE**: 20251204

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** DUFFIELD DAVID A
- **CENTRAL INDEX KEY:** 0000938071

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35680
- **FILM NUMBER:** 251549652

**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>DUFFIELD DAVID A<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>2025-12-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **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 | 2025-12-02 |  | C |  | 82025 | A | $0 | 187074<sup>(1)</sup> | D<sup>(2)</sup> |  |
| Class A Common Stock | 2025-12-02 |  | S<sup>(3)</sup> |  | 7007 | D | 210.7731<sup>(4)</sup> | 180067<sup>(1)</sup> | D<sup>(2)</sup> |  |
| Class A Common Stock | 2025-12-02 |  | S<sup>(3)</sup> |  | 31752 | D | 211.5656<sup>(5)</sup> | 148315<sup>(1)</sup> | D<sup>(2)</sup> |  |
| Class A Common Stock | 2025-12-02 |  | S<sup>(3)</sup> |  | 28555 | D | 212.628<sup>(6)</sup> | 119760<sup>(1)</sup> | D<sup>(2)</sup> |  |
| Class A Common Stock | 2025-12-02 |  | S<sup>(3)</sup> |  | 14511 | D | 213.3465<sup>(7)</sup> | 105249<sup>(1)</sup> | D<sup>(2)</sup> |  |
| Class A Common Stock | 2025-12-02 |  | S<sup>(3)</sup> |  | 200 | D | 214.09<sup>(8)</sup> | 105049<sup>(1)</sup> | D<sup>(2)</sup> |  |
| Class A Common Stock | 2025-12-02 |  | C |  | 2320000 | A | $0 | 2425049<sup>(1)</sup> | D<sup>(2)</sup> |  |
| Class A Common Stock | 2025-12-02 |  | C |  | 215000 | A | $0 | 2640049<sup>(1)</sup> | D<sup>(2)</sup> |  |
| Class A Common Stock | 2025-12-02 |  | G |  | 2320000 | D | $0 | 320049<sup>(1)</sup> | D<sup>(2)</sup> |  |
| Class A Common Stock | 2025-12-02 |  | G |  | 215000 | D | $0 | 105049<sup>(1)</sup> | D<sup>(2)</sup> |  |

---

## 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 |
| Class B Common Stock | <sup>(9)(10)</sup> | 2025-12-02 |  | C |  |  | 82025 | <sup>(9)(10)</sup> | <sup>(9)(10)</sup> | Class A Common Stock | 82025 | $0 | 41464910 | D<sup>(2)</sup> |  |
| Class B Common Stock | <sup>(9)(10)</sup> | 2025-12-02 |  | C |  |  | 2320000 | <sup>(9)(10)</sup> | <sup>(9)(10)</sup> | Class A Common Stock | 2320000 | $0 | 39144910 | D<sup>(2)</sup> |  |
| Class B Common Stock | <sup>(9)(10)</sup> | 2025-12-02 |  | C |  |  | 215000 | <sup>(9)(10)</sup> | <sup>(9)(10)</sup> | Class A Common Stock | 215000 | $0 | 38929910 | D<sup>(2)</sup> |  |

---

### Footnotes:

(1) Includes 2,052 shares of Class A common stock which were inadvertently omitted from prior filings.

(2) The reported shares are held by the David A. Duffield Trust dated July 14, 1988, a revocable living trust, of which the Reporting Person is trustee and sole beneficiary.

(3) This sale was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the David A. Duffield Trust, and the Dave & Cheryl Duffield Foundation dated December 3, 2024.

(4) The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $210.09 to $211.0899, 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 set forth in this footnote of this Form 4.

(5) The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $211.09 to $212.0899, 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 set forth in this footnote of this Form 4.

(6) The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $212.09 to $213.0899, 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 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 $213.09 to $214.0899, 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 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 $214.09 to $215.0899, 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 set forth in this footnote of this Form 4.

(9) All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock, (b) the date when the number of outstanding shares of Class B Common Stock represents less than 9% of all outstanding shares of Class A and Class B Common Stock, (c) October 11, 2032 or (d) nine months after the death of the later to die of David A. Duffield and Aneel Bhusri. The shares of Class A and Class B Common Stock have no expiration date.

(10) Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock.  In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect as of the date hereof.  The shares of Class B Common Stock have no expiration date.

**Signature:** /s/ Juliana Capata, attorney-in-fact  
**Date:** 2025-12-04

### 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.**