Workday, Inc. — Director's Dealing 2025

Oct 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workday, Inc. (WDAY)
CIK: 0001327811
Period of Report: 2025-10-01

Reporting Person: Eschenbach Carl M. (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-01	Class A Common Stock	S	1506	$232.5058	Disposed	24966	Indirect
2025-10-01	Class A Common Stock	S	500	$233.4441	Disposed	24466	Indirect
2025-10-01	Class A Common Stock	S	381	$236.9904	Disposed	24085	Indirect
2025-10-01	Class A Common Stock	S	200	$238.73	Disposed	23885	Indirect
2025-10-01	Class A Common Stock	S	3425	$240.0321	Disposed	20460	Indirect
2025-10-01	Class A Common Stock	S	238	$241.5088	Disposed	20222	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	655436	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.

F4: 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.

F5: The trust is in the name of the Reporting Person and his spouse, who are both trustees and beneficiaries of the trust.

F6: 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.

F7: 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.

F8: 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.

F9: 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.

F10: 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.