Workday director David Duffield sells $18.7m in company stock
David A. Duffield, a director of Workday, Inc., sold 99,835 shares of the company's Class A Common Stock on October 9, 2026. The transaction totaled $18.7 million, with shares traded between $185.695 and $191.6999 each. The sales were part of a pre-planned Rule 10b5-1 trading strategy, approved by Duffield's trust on December 2, 2025.
Prior to the sale, Duffield acquired the same number of Class B Common Stock shares, which are convertible to Class A shares, without any cost. Post-transaction, his trust holds 105,049 shares of Workday Class A Common Stock, alongside 35,480,751 Class B shares. Workday's stock has experienced a 55% return over the last six months, currently valued at $186.02 and boasting a $44.8 billion market cap.
The insider sale occurs amid strong stock performance and as Workday addresses investor concerns, such as a lowered price target by Jefferies and the company's strategic pivot towards artificial intelligence.
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