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Workday, Inc. [WDAY]

Reporting date: 10/05/2025

⚠️ Neutral → Slightly Bearish Insider Sale Detected

📝 What Happened

  • Insider: Eschenbach Carl M.
  • Role: CEO & Director
  • Company: Workday, Inc. (WDAY)
  • Transaction Date(s): 2025-10-05
  • Table I (Non-Derivative Securities)
    • Sale : 4,571
    • Average Sale Price: 236.48
    • Total Value: 4,571 * 236.48 = ~ $1,080,950.08
    • Post-Transaction Direct Holdings: 650,865
    • Indirect Holdings: 20,222
    • 10b5-1 Plan Used? No

    📄 Summary

    Eschenbach Carl M., CEO & Director at Workday, Inc. (WDAY), sold 4,571 shares on October 5, 2025, at an average price of $236.48, realizing proceeds of about ~$1,080,950. After the transaction, he now holds 650,865 direct shares and 20,222 indirect shares (trust). For retail traders, this is a neutral-to-slightly bearish event: tax-withholding sale, small relative to total holdings.

    🔑 Interpretation

    • Type: Comp-related (tax-withholding on RSU vesting; Form 4 code F)
    • Disposition: Shares were withheld by the issuer to satisfy tax obligations (not an open-market opportunistic sale).
    • Size Context: The sale (~4.6k shares) is very small relative to his ~650k direct holdings (~0.7%), consistent with routine tax-related disposition rather than major profit-taking.
    • ATH Metric: The trade price (~$236.48) is not at an obvious all-time high or low; it does not appear to be timed at an ATH or ATL and thus is not an opportunistic trade tied to historical extremes.
    • Outlier Check: This is not unusually large compared with his total holdings and typical RSU-withholding events; it appears routine.

    📊 Bullish or Bearish?

    Decide: Neutral → Slightly Bearish

    Neutral → Slightly Bearish. The filing shows a small net disposition (code F — tax-withholding) rather than open-market heavy selling; holdings remain substantial, and the transaction appears routine and comp-related. Data completeness is good for this single event, but cluster activity cannot be determined from this filing alone.

    ✅ Bottom Line (Retail Takeaway)

    This transaction looks like routine tax-withholding rather than a bearish signal. For retail traders, it’s noise and not a tradeable event — not worth short-/mid-term action unless corroborated by coordinated sales from multiple senior insiders or other negative fundamentals.