FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Eschenbach Carl M. 2. Issuer Name and Ticker or Trading Symbol Workday, Inc. [ WDAY ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Co-CEO
(Last)          (First)          (Middle)
6110 STONERIDGE MALL ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)
12/28/2022
(Street)
PLEASANTON, CA 94588
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock  12/28/2022    A    30365 (1) A $0  38610 (2) D   
Class A Common Stock  12/28/2022    A    60730 (1) A $0  99340 (3) D   
Class A Common Stock  12/28/2022    A    303650 (1) A $0  402990 (4) D   
Class A Common Stock  12/28/2022    A    303650 (1)(5) A $0  706640 (6) D   
Class A Common Stock                 11531 (7) I  Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  All grants are subject to the Reporting Person's continued service with Workday on each applicable vesting date.
(2)  Includes 32,767 restricted stock units (RSUs) that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement of (i) 2,402 RSUs with a grant date of 6/22/2022, which will vest 100% on 5/15/2023, and (ii) an original grant of 30,365 RSUs with a grant date of 12/28/2022, which will vest as to 1/4 of the underlying shares on each of the first four quarterly anniversaries of 12/05/2022, with vesting contingent upon the Reporting Person's purchase of shares of Workday Class A Common Stock on the public market with a fair market value of $2,000,000.00 within 12 months following 12/20/2022, provided that no shares subject to the award shall vest until the first quarterly vesting date on or following the date which is 10 trading days following the date on which the Reporting Person provides notice and reasonable documentation of his completion of such stock purchase (such condition, the Vesting Condition).
(3)  Includes 93,497 RSUs that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement of (i) the RSUs as set forth in footnote 2 of this Form 4, and (ii) an original grant of 60,730 RSUs with a grant date of 12/28/2022, which will vest as to 1/4 of the underlying shares on 3/5/2023, and then quarterly thereafter.
(4)  Includes 397,147 RSUs that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement of (i) the RSUs as set forth in footnotes 2 and 3 of this Form 4, and (ii) an original grant of 303,650 RSUs with a grant date of 12/28/2022, which will vest as to 1/16th of the underlying shares on 3/5/2023, and then quarterly thereafter.
(5)  This reflects 303,650 shares of Class A Common Stock subject to a performance RSU (PRSU) that is divided into three tranches, with each tranche representing the Reporting Person's right to acquire 1/3 of the shares subject to the award. The PRSUs shall vest subject to the achievement of certain performance metrics based on the Issuer's stock price over a five-year performance period. Subject to the achievement of the performance metrics applicable to each tranche, the shares subject to an achieved tranche shall vest as to 1/60 of such tranche's shares on each of the 60 monthly anniversaries of 12/05/2022. If unachieved during its applicable performance period, the underlying shares in Tranche 1 and/or Tranche 2 will "roll forward" and may be earned in a later performance period, but only if the performance metric for such later performance period is achieved.
(6)  Includes 700,797 RSUs that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement of (i) the RSUs as set forth in footnotes 2, 3, and 4 of this Form 4, and (ii) an original grant of 303,650 PRSUs with a grant date of 12/28/2022, which will vest as set forth in footnote 5 to this Form 4.
(7)  The trust is in the name of the Reporting Person and his spouse, who are both trustees and beneficiaries of the trust.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Eschenbach Carl M.
6110 STONERIDGE MALL ROAD
PLEASANTON, CA 94588
X
Co-CEO

Signatures
/s/ Juliana Capata, attorney-in-fact 12/30/2022
**Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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