Workday, Inc. — Director's Dealing 2023

Oct 11, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workday, Inc. (WDAY)
CIK: 0001327811
Period of Report: 2023-10-05

Reporting Person: Bozzini James (COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-05	Class A Common Stock	S	4893	$205.4077	Disposed	134225	Direct
2023-10-05	Class A Common Stock	S	32	$206.4359	Disposed	134193	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	101714	Indirect
Class A Common Stock	5077	Indirect
Class A Common Stock	5077	Indirect
Class A Common Stock	5077	Indirect
Class A Common Stock	39456	Indirect
Class A Common Stock	39456	Indirect
Class A Common Stock	29826	Indirect

Footnotes

F1: The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs). These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.

F2: The price reported is a weighted average price. These shares were sold as part of a block trade for multiple security holders of Workday, Inc. in multiple transactions at prices ranging from $203.43 to $208.85, 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 2 with regard to the block trade.

F3: Includes 101,412 RSUs, 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.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices within the range of $206.39 to $206.4574, 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.

F5: The shares are held in a grantor retained annuity trust, of which the Reporting Person is the sole trustee, grantor, and recipient of annuity payments.

F6: The shares are held in a grantor retained annuity trust, of which the Reporting Person's spouse is the sole trustee, grantor, and recipient of annuity payments.

F7: These shares are owned directly by JEM Cooperative, LLC (the LLC). The Reporting Person is a co-manager of the LLC. The LLC is owned by three irrevocable trusts for which the Reporting Person's children are the beneficiaries.