Western Digital to swap 1.04M Sandisk shares
Western Digital Corporation entered into privately negotiated exchange agreements with certain institutional investors.
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Rhea-AI Filing Summary
Western Digital Corporation entered into privately negotiated exchange agreements with certain institutional investors. The company agreed to exchange 1,038,681 shares of Sandisk Corporation common stock it holds for shares of Western Digital common stock held by those investors.
The number of Western Digital shares to be exchanged will be based on the volume-weighted average prices of Sandisk stock and Western Digital common stock over a three-day measurement period on June 16-18, 2026. The exchange transactions are expected to close on June 22, 2026, subject to customary closing conditions.
8-K Event Classification
Key Figures
Key Terms
privately negotiated exchange agreements financial
volume-weighted average prices financial
customary closing conditions financial
FAQ
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What transaction did Western Digital (WDC) announce on June 11, 2026?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
On June 11, 2026, Western Digital Corporation (the “Company”) entered into separate, privately negotiated exchange agreements (the “Exchange Agreements”) with certain institutional investors, pursuant to which the Company agreed to exchange an aggregate of 1,038,681 shares of common stock of Sandisk Corporation (the “Sandisk Stock”) held by it for a number of shares of the Company’s common stock held by such investors (the “Exchange WDC Shares,” and such transactions, the “Exchange Transactions”). The number of Exchange WDC Shares will be determined by the volume-weighted average prices of Sandisk Stock and the Company’s common stock over a three-day measurement period on June 16-18, 2026. These Exchange Transactions are expected to close on June 22, 2026, subject to satisfaction of customary closing conditions.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WESTERN DIGITAL CORPORATION | ||||||
| (Registrant) | ||||||
| Date: June 11, 2026 | ||||||
| By: | /s/ Cynthia Tregillis | |||||
| Name: | Cynthia Tregillis | |||||
| Title: | Executive Vice President, Chief Legal Officer and Secretary | |||||