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EdgarHawk

Sauer Richard Harry

Chief Legal Officer & Secty

Officer
4 filings analyzed · 1 company · Latest 2025-10-07

Companies

Company Buys Sells Direction
Workday, Inc. WDAY 0 16 Net selling

Activity

October 2025
2025-10-07 Workday, Inc. WDAY
medium
Sell
2,320 shares
$547,220
Significance 5/10

CLO Richard Sauer sold 2,320 shares across 5 transactions at blended price $235.87 for $547,220.42.

Richard Harry Sauer, Chief Legal Officer & Secretary of Workday, executed 5 separate sales on 2025-10-07 totaling 2,320 shares for $547,220.42, reducing holdings by 2.5% from 92,397 to 90,077 shares. The transactions were priced between $230.52 and $238.91, above the current price of $233.17 and below the 52-week high of $279.91. Across his open-market history, Sauer's 20 prior sales showed an average 90-day return of +2.0% with a 50.00% well-timed rate, while his 5 prior WDAY-specific sells had a 3-of-5 (60%) well-timed timing pattern at the 90-day mark. The current sale occurs as WDAY stock trades -16.7% from its 52-week high and with elevated valuation (P/E of 87.99), though the company maintains solid fundamentals with $2.3B in latest quarterly revenue and +16.4% annual growth.

January 2025
2025-01-07 Workday, Inc. WDAY
low
Sell
3,677 shares
$926,232
Significance 4/10

Chief Legal Officer Richard Sauer sold 3,677 shares at blended average $251.90, reducing stake 4.4% to 79,576 shares

Richard Sauer, Chief Legal Officer & Secretary at Workday, executed 3 separate sales totaling 3,677 shares for $926,231.59 on January 7, 2025, at transaction prices ranging from $251.48 to $253.19 (blended average $251.90). His post-transaction holdings of 79,576 shares represent a 4.4% reduction from his pre-transaction position. The sales occurred when WDAY traded near its 52-week midpoint and just 6.3% below its 30-day average, with the stock down 18.7% from its 52-week high of $307.21. At WDAY specifically, Sauer's prior 5 open-market sales all delivered positive 90-day returns (ranging from 6.7% to 8.0%), though none met the definition of well-timed for a seller (0 of 5 had negative 90-day returns). The current transaction's timing relative to subsequent price action remains unobservable at filing date; however, the insider maintains substantial holdings of nearly 80K shares at a company with $54.9B market cap and recent 16.8% annual revenue growth.

October 2024
2024-10-10 Workday, Inc. WDAY
medium
Sell
3,134 shares
$738,936
Significance 5/10

CLO Sauer sells 3,134 shares at avg $235.78, retaining 85.8K shares post-sale at WDAY

Richard Harry Sauer, Chief Legal Officer & Secretary, executed 2 separate sales totaling 3,134 shares for $738,936.21 on 2024-10-08 at prices near $235.78 (blended average). He retains 85,795 shares, representing a -3.5% reduction in holdings. Across his prior WDAY transactions (5 trades documented), the timing outcomes were mixed: 3 of those sales faced 30-day headwinds, but only 2 of 5 achieved well-timed 90-day results, showing inconsistent predictive value. The current stock price of $245.16 stands -20.2% below the 52-week high and has declined -4.1% over 30 days, suggesting his sales occurred in a period of recent weakness. WDAY's fundamentals remain solid—$2.1B quarterly revenue with +16.8% annual growth and $132.0M net income—leaving no fundamental distress signals to explain the disposition.

July 2024
2024-07-09 Workday, Inc. WDAY
medium
Sell
3,134 shares
$710,391
Significance 5/10

WDAY Chief Legal Officer sold 3,134 shares for $710,391.45; price up 3.5% in 30 days but down 16.4% in 90 days.

Sauer Richard Harry, Chief Legal Officer & Secretary, executed 3 separate sales totaling 3,134 shares for $710,391.45 on 2024-07-08 at a blended average price of $226.67, leaving him with 92,014 shares post-transaction. The stock currently trades at $223.09, down 27.4% from its 52-week high of $307.21. His prior 5 sales at WDAY showed 100% well-timed outcomes at the 90-day mark (all produced negative returns, with cumulative 90-day changes of -14.7%, -14.4%, -15.1%, -1.2%, and -0.7%), indicating he has historically exited before subsequent declines at this ticker. The sales occurred as the stock is up 3.5% over 30 days but down 16.4% over 90 days, continuing a pattern where his recent WDAY exits preceded weakness. Fundamentals remain solid (Revenue $1,990,000,000.00, annual growth +16.8%, P/E 33.00), so this transaction does not reflect deteriorating company performance but rather disciplined timing consistent with his established insider history.

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