Workday CFO Sells Over 2,800 Shares Worth More Than Half a Million Dollars
Zane Rowe, Chief Financial Officer of Workday (WDAY), sold 2,808 shares of Class A Common Stock on September 5, 2026. The transaction was disclosed in an SEC Form 4 filing and valued at approximately $550,000 based on a weighted average sale price of $195.79 per share. This non-discretionary sale was conducted to cover tax obligations arising from the vesting of restricted stock units (RSUs), indicating no negative sentiment toward the company's valuation. Following the transaction, Rowe retained 285,652 shares directly held in his portfolio, representing a stake valued at $53.15 million as of September 9, 2026 market close when Workday stock was priced at $186.05 per share. The company reported strong financials with a trailing twelve-month revenue of $10.2 billion and a net income of $1.3 billion. The sale occurred amid a broader recovery in the SaaS sector following fears related to AI disruption, known as the 'SaaSpocalypse.' Workday's stock had rebounded from its 52-week low due to robust business growth, including increased adoption by state and local governments transitioning away from legacy systems.
Tickers: $WDAY
Topics: equity exposure executive activity restricted stock units