Summary by Futu AI
The Dave & Cheryl Duffield Foundation, a 10% stockholder of Workday, Inc., plans to sell 56,000 shares of common stock on 01/06/2025. The aggregate market value of the shares to be sold is $14,159,040. These shares were originally acquired as founders' shares from the issuer on 04/01/2005.Over the past three months, the foundation has sold a total of 557,091 shares, generating gross proceeds of $142,181,925.87. The most recent sales include 67,822 shares on 01/02/2025 for $17,147,551.56, and 56,000 shares each on 12/30/2024 and 12/23/2024 for $14,657,899.2 and $14,878,925.6 respectively.This sale is part of a plan adopted on 12/04/2023. The foundation's consistent selling pattern suggests a structured divestment strategy, potentially for diversification or liquidity purposes. Investors should note this ongoing reduction in ownership by a significant stockholder.