Workday Co-Founder with Multi-Billion Dollar Stake Sells Large Shares Twice in April

On April 6, 2026, David Duffield, co-founder of U.S. cloud-software provider Workday, Inc. (NASDAQ: WDAY), converted 107,500 shares of Class B common stock into Class A common stock through his personal trust and, pursuant to a pre-established Rule 10b5-1 trading plan, sold all of those Class A shares on the open market, raising approximately $13.9 million (about KRW 200 billion). The filing states that Duffield’s trust still holds more than 37.63 million shares of Workday Class A common stock, maintaining a significant stake.

On April 9, the trust again converted 107,500 shares of Class B into Class A and sold 107,200 Class A shares on the open market at prices ranging from about $111 to $116 per share under the same 10b5-1 plan, securing roughly $12.1 million (about KRW 170 billion). Immediately after conversion, Duffield’s direct Class A holdings fell from 212,549 shares to 105,049 shares. The filing notes that the trust continues to hold about 37.52 million Class A shares.

Robert Enslin, president and chief customer officer of Workday, withheld 3,487 Class A shares at $132.26 per share on April 5 to cover taxes upon RSU vesting, generating approximately $460,000 (about KRW 6 billion). On April 6, under a pre-set 10b5-1 plan, he sold another 5,373 shares at an average price of about $129 per share, raising around $690,000 (about KRW 10 billion). After these transactions, Enslin’s total holdings, including direct shares and RSUs, stood at 165,414 shares, the filing reports.

Recently, Workday launched “PAR Agent” in April 2026 to automate HR approval workflows for the U.S. federal government and expanded AI-based HR and financial solutions partnerships—such as with Jade Global—to bolster its AI capabilities in the public and enterprise sectors. In its fourth-quarter and full-year FY 2026 results announced on February 24, the company delivered double-digit revenue growth and provided FY 2027 subscription-revenue guidance, reaffirming AI-related investments as a core strategic priority.

Workday, Inc. is a U.S. enterprise-SaaS provider of cloud-based human-capital and financial management software. Co-founded in 2005 by David Duffield and Aneel Bhusri (founders of PeopleSoft after its acquisition by Oracle), the company is listed on Nasdaq. In February 2026, Workday announced a CEO transition, with co-founder Aneel Bhusri returning as chief executive officer to spearhead its next growth phase and AI roadmap.