Sales are tiny relative to market cap and include a 10% owner's routine diversification. Tax withholding transactions (7,953 + 8,976 shares) confirm this is compensation-cycle driven. No signal for equity story changes. Monitor next Form 4 for any unexpected change in pattern.
Price Chart
Executive Summary
Two Workday insiders—10% owner David Duffield and President Gerrit S. Kazmaier—sold a combined $881K in open-market shares during a 7-day window. CFO Zane Rowe also sold $862K and surrendered shares for tax withholding. At $34.1B market cap, total open-market sales ($1.7M+ including Rowe) represent less than 0.01% of equity value, making this a routine liquidity event with no material signaling value.
Key Financial Metrics
Key Facts
- President Gerrit S. Kazmaier sold ~1,040 shares for ~$149K on 2026-07-07
- 10% Owner David A. Duffield sold 6,100 shares for $732K on 2026-06-30
- CFO Zane Rowe sold 6,000 shares for $862K on 2026-07-07 (cross-filing context)
- Total open-market sales across cluster: ~$1.7M+, which is <0.01% of $34.1B market cap
- No open-market purchases were made; all insider trades were sales or tax withholding events
Financial Impact
Negligible — combined insider sales of ~$1.7M are under 0.01% of market cap, well below the 0.1% materiality threshold
Risk Factors
- Insider selling cluster may be misinterpreted as bearish by short-term traders
- Historical model performance on WDAY reports shows 20% win rate at T+20 — prior reads have been unreliable
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WDAY-1783465269786 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Press Release | $204.72 $188.60 | ▼ −7.87% | ▼ −8.13% | $187.66 (−8.33%) |
Jul 14, 2026 11w ago | Insider Cluster | $141.82 $175.29 | ▲ +23.60% | ▲ +21.26% | $187.66 (+32.32%) |
Jul 13, 2026 11w ago | Insider Cluster | $144.87 $184.19 | ▲ +27.14% | ▲ +23.96% | $187.66 (+29.54%) |
Jul 7, 2026 12w ago | Insider Cluster | $137.88 $170.64 | ▲ +23.76% | ▲ +20.48% | $187.66 (+36.10%) |
Jul 7, 2026 12w ago | Insider Cluster | $143.65 $165.05 | ▲ +14.90% | ▲ +13.57% | $187.66 (+30.64%) |
Jun 25, 2026 14w ago | 144 | $124.21 $127.87 | ▲ +2.95% | ▲ +1.69% | $187.66 (+51.08%) |
Jun 22, 2026 14w ago | 144 | $115.13 $147.22 | ▲ +27.87% | ▲ +26.71% | $187.66 (+63.00%) |
Jun 13, 2026 15w ago | Institutional Cluster | $129.60 $144.87 | ▼ −11.78% | ▼ −12.53% | $187.66 (−44.80%) |
Jun 12, 2026 15w ago | 144 | $129.60 $144.87 | ▲ +11.78% | ▲ +12.53% | $187.66 (+44.80%) |
Jun 9, 2026 16w ago | 144 | $137.47 $138.34 | ▲ +0.63% | ▼ −2.99% | $187.66 (+36.51%) |
US Market Status
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