Rowe Zane has demonstrated a consistent pattern of selling activity across two companies—Workday (WDAY) and eBay (EBAY)—with no recorded purchases in the past two years, according to SEC Form 4 filings. The bulk of Zane’s transactions involve WDAY, with concentrated sell-offs occurring in July 2025, October 2025, and January 2026. Notably, on July 8, 2025, Zane disposed of shares worth over $1.6 million across multiple transactions, including a single sale of $624,849.16. This was followed by another significant divestment in October 2025, where sales totaled approximately $1.4 million, including a $528,221.43 transaction. The most recent disposals occurred on January 6, 2026, with five sales amounting to roughly $1.2 million, the largest being $445,487.55.
While Zane’s activity in eBay (EBAY) has been limited to automatic awards (coded "A") with no accompanying sales, the focus remains squarely on WDAY, where all transactions since mid-2025 have been sales. The absence of any buys—combined with $7.8 million in total sell value—suggests a sustained reduction in WDAY holdings. The transactions, often clustered around specific dates, indicate structured disposals rather than sporadic trading. Whether these sales reflect portfolio rebalancing or other financial strategies remains unclear, but the data underscores a clear directional bias toward divestment in recent months.
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