CAO Mark Garfield sold $131K of WDAY shares, reducing his direct holdings by 1.2% at $142.19 per share. This represents his seventh routine sale over multiple years, following an established pattern of quarterly disposals rather than a new bearish signal.

Where it could go — Our 1-4 conviction officer sells: 59% beat SPY at 30d with +3.2% average outperformance.

Founder and 10%+ beneficial owner David Duffield reduced his directly held WDAY stake by $14.7M, cutting his position by 50.6% at $136.74 per share, a price 13.8% below the 90-day high. This marks his 25th recorded sale on this ticker, continuing a multi-year pattern of routine divestment, with no other insider buying cluster present.

Where it could go — Our first-party data shows similar low-conviction (1-4) sell signals have a 55% chance of beating the SPY at 30 days, averaging +1.3% relative return.

CFO Rowe Zane sold $862K in WDAY shares, reducing his direct stake by 2.0% at a price 9.5% below the 90-day high. This is his fifth sale since 2025, reinforcing a routine pattern of diversification rather than a new, urgent signal.

Where it could go — Our 1-4 conviction officer sells: 59% beat SPY at 30d; bear case if stock breaks the 90-day low of $110.36.

President Gerrit Kazmaier sold $392K worth of WDAY shares, reducing his direct holdings by 1% at $143.62 per share. This appears to be routine executive diversification given his history of three prior sales and the absence of any supporting insider buying cluster.

Where it could go — Our 1-4 conviction officer sells: 59% beat SPY at 30d with +3.2% average outperformance; watch $158.64 as resistance, $110.36 as support.

Beneficial owner David Duffield reduced his direct WDAY position by $14.5M, cutting his directly held shares by 50.6% at $135.24 per share. This marks his seventh consecutive sale in three weeks totaling approximately $91M, continuing a long-term divestment pattern with 24 prior sales and no buys.

Where it could go — Our 1-4 conviction beneficial owner sales: 54% beat SPY at 30d with average +1.5% alpha versus market.

President Enslin sold $725K worth of WDAY shares, reducing his directly held stake by 2.2% at $134.90, which sits 15% below the stock's recent high. This routine sale follows two larger dispositions earlier this year and occurs amid no other insider buying activity, suggesting typical diversification rather than a concerning signal.

Where it could go — Our 1-4 conviction officer sells: 59% beat SPY at 30d (n=2652, avg +3.2% vs SPY); watch $110 as support break would confirm weakness.

Founder and 10%+ beneficial owner David Duffield reduced his direct position by $13.1M, cutting his directly held shares by 50.6% at $122.04, a price 23% below the 90-day high. This is part of a verified series of six sales in June totaling over $80M, with no prior buys on record and a mixed analyst consensus of 28 buys and 20 holds.

Where it could go — Founder exit at this scale → neutral on stock direction; watch for completion of the liquidation series and potential stabilization near the 90-day low of $110.36.

Beneficial owner David Duffield reduced his direct WDAY stake by $12.4M, cutting his position by 50.6% at $115.60 near the stock's 90-day low. This marks his 25th sell transaction on WDAY with no prior buys, continuing a pattern of systematic position reduction.

Where it could go — Founder sales at this scale → neutral on stock direction; watch for stabilization near $110 support level.

Beneficial owner David Duffield reduced his direct WDAY stake by 50% selling $12.3M worth at $114.25, trading just 3.5% above the 90-day low. The founder has executed 24 consecutive sales totaling over $100M in recent months with no offsetting buys.

Where it could go — Founder exit programs at this scale → neutral on stock direction; watch for completion of stake reduction cycle near $110 support.

Beneficial owner David Duffield reduced his direct WDAY stake by 50% through a $13.4 million sale at $124.99, marking his fourth consecutive multi-million dollar reduction this month. The founder has executed 24 total sales on this ticker with no prior buys, maintaining consistent selling pressure near 21% below the 90-day high.

Where it could go — Founder exit at this scale → neutral on stock direction; watch for secondary offering or buyback.

Beneficial owner David A. Duffield reduced his direct stake in Workday by $13.8M, cutting his directly held shares by 50.6% at a price 19% below the 90-day high. This sale is part of a sustained series of disposals, with six similar sales totaling over $87M in the prior three months.

Where it could go — Long-term beneficial owner exits at this scale → neutral on stock direction; watch for continuation of the established selling pattern.

Beneficial owner David Duffield reduced his WDAY position by 50%, selling $14.9M worth of shares at $138.32, which sits 12.8% below the 90-day high. This marks his 25th sale on the ticker, continuing a pattern of consistent divestment rather than strategic repositioning.

Where it could go — Long-term beneficial owner sales at this scale typically signal portfolio rebalancing rather than fundamental concerns; watch for continued selling pattern.

A 10%+ beneficial owner sold a $16.1M stake in WDAY, reducing their position by 50.6% at a price 5.7% below the 90-day high. The filer has a long history of selling this stock, with 23 prior sell transactions and no prior buys, indicating this is a continuation of portfolio management.

Where it could go — Large, consistent beneficial owner sales are typically neutral for stock direction; watch for any acceleration in the selling pace or a shift in the remaining stake.