[144] Western Digital Corp. SEC Filing
Rhea-AI Filing Summary
Western Digital Corp. (WDC) filed a Form 144 disclosing a proposed sale of 5,597 common shares with an aggregate market value of $426,827.22, intended to trade on NASDAQ around 08/13/2025. The filing states the issuer has 348,878,365 shares outstanding, making the planned sale about 0.0016% of outstanding shares.
The securities were acquired recently as compensation: 4,142 shares from a 08/25/2024 restricted stock grant and 1,455 performance shares from 08/27/2024. The filer also reported prior dispositions in the past three months totaling 3,947 shares sold on 08/11/2025 for gross proceeds of $295,531.64. The notice includes the standard attestation that no undisclosed material adverse information is known to the seller.
Positive
- Transparent disclosure via Form 144 specifying shares, aggregate value, broker, and intended sale date
- Securities were granted as restricted stock and performance shares (08/25/2024 and 08/27/2024), clarifying acquisition source
Negative
- Insider selling activity: 3,947 shares were sold on 08/11/2025 for total gross proceeds of $295,531.64
- Additional planned sale of 5,597 shares scheduled ~08/13/2025 increases near-term insider dispositions
Insights
TL;DR: Routine Form 144 insider sale notice; the size is immaterial relative to shares outstanding.
The filing discloses a proposed sale of 5,597 shares valued at $426,827.22 against 348.88 million shares outstanding (≈0.0016%). Prior sales of 3,947 shares on 08/11/2025 generated $295,531.64. Given the minute percentage of outstanding stock and the fact the shares were recently acquired as restricted and performance awards, this appears to be a routine executive liquidity event rather than a market-moving disposition. The Form 144 provides required transparency for these transactions.
TL;DR: Compliance-focused disclosure consistent with Rule 144; attestation included.
The notice documents acquisition dates and types (restricted stock dated 08/25/2024 and performance shares dated 08/27/2024), prior sales data, and includes the seller's attestation that no material nonpublic information is known. For governance review, the filing is complete for a Rule 144 notice: it identifies broker, sale date target, and past three-month sales. The record supports oversight of insider trading activity but does not, on its face, indicate governance breaches or undisclosed material events.