Western Digital CEO shifts 112,500 shares to trust
Western Digital’s CEO reported 112,500 shares moved among personal entities and a revocable trust as part of estate and investment structuring, with no cash consideration.
Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) director and Chief Executive Officer Irving Tan reported internal transfers involving 112,500 shares of common stock tied to personal estate and investment structuring. On August 31, 2026, 112,500 directly held shares were transferred to a Bahamas investment company owned by Tan and his spouse, with the investment company recording an interest-free, on-demand shareholder loan to them in an amount equal to the value of the transferred shares and no cash consideration paid. On September 1, 2026, the rights of Tan and his spouse in that investment company and in the related loan were transferred to a revocable trust acting via its trustee, so that trust assets are held through the investment company for estate planning purposes. A separate indirect holding of 209,000 shares is reported as held through a personal investment company. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
225,000 shares gifted
Gift
5 txns
Insider
Tan Irving
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F2 | 112,500 | $0.00 | $0.00 |
| Gift | Common Stock F2 | 112,500 | $0.00 | $0.00 |
| Other | Common Stock F1 | 112,500 | $0.00 | $0.00 |
| Other | Common Stock F1 | 112,500 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 266,647 shares (Direct);
Common Stock — 0 shares (Indirect, By Investment Co);
Common Stock — 112,500 shares (Indirect, By Trust via Inv Co);
Common Stock — 209,000 shares (Indirect, By Personal Inv. Co.)
Footnotes (2)
- F1. The reported transactions represent a transfer of 112,500 shares of Common Stock from the Reporting Person to a Bahamas investment company (the "Investment Company"), of which the Reporting Person and the Reporting Person's spouse (together, the "Joint Beneficial Owners") are the sole beneficial owners of the Investment Company. In connection with the transfer, the Investment Company recorded a shareholder loan liability to the Joint Beneficial Owners in an amount equal to the value of the transferred shares ("Loan"), which is interest-free, repayable on demand, and represents an intra-structure obligation between the Reporting Person and the Investment Company. No cash consideration was paid in connection with the transfer.
- F2. The reported transactions represent a transfer of the rights of the Joint Beneficial Owners in the Investment Company to a revocable trust, acting via its trustee (the "Trust"), and the assignment of the rights to the Loan from the Joint Beneficial Owners to the Trust. Trust assets are held through the Investment Company and the shares of the Investment Company are held for the Trust pursuant to a Declaration of Trust. The transfer was made in connection with the Reporting Person's estate planning.
Key Figures
Shares transferred to Investment Company: 112,500 shares
Gift-related share movements: 225,000 shares
Indirect holdings via personal investment company: 209,000 shares
+2 more
5 metrics
Shares transferred to Investment Company
112,500 shares
Common stock moved from direct ownership to a Bahamas investment company on August 31, 2026
Gift-related share movements
225,000 shares
Total shares involved in bona fide gift-coded transfers on September 1, 2026 (dispose and acquire legs of the same 112,500-share position)
Indirect holdings via personal investment company
209,000 shares
Common stock reported as indirectly held by a personal investment company as of August 31, 2026
Transaction dates
August 31, 2026 and September 1, 2026
Dates of restructuring and bona fide gift transactions involving 112,500 Western Digital shares
Shareholder loan interest rate
0%
Shareholder loan liability recorded by the Bahamas investment company equal to the value of 112,500 transferred shares, interest-free and repayable on demand
Key Terms
bona fide gift, revocable trust, shareholder loan liability, beneficial owners, +1 more
5 terms
bona fide gift financial
"The transaction code description identifies the September 1 transfers as a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
revocable trust financial
"The rights in the Investment Company and the Loan were transferred to a revocable trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial owners financial
"The Reporting Person and spouse are described as the sole beneficial owners of the Investment Company"
Beneficial owners are the people or entities that actually enjoy the economic benefits and control of shares or other assets, even when legal title is held by someone else such as a broker, custodian or trustee. Investors pay attention because beneficial owners hold the real voting power, receive dividends and can influence strategy and takeover outcomes — like the driver of a car who uses and maintains it while the bank holds the title — so disclosure shows who truly controls and benefits.
estate planning financial
"The transfer was made in connection with the Reporting Person's estate planning"
A set of instructions and legal steps that decide who gets your money, property and other assets, and who will manage them if you become unable to do so. For investors it matters because thoughtful planning can reduce taxes and delays, protect heirs, and keep investments from being tied up in court—think of it as a clear map and emergency kit that preserves value and directs where assets go when you can’t.
FAQ
What insider transactions did WDC’s CEO Irving Tan report on this Form 4?
Irving Tan reported transfers involving 112,500 shares of Western Digital common stock on August 31 and September 1, 2026, moving shares and related rights among himself, a Bahamas investment company, and a revocable trust as part of estate and investment structuring.
What indirect Western Digital (WDC) holdings does Irving Tan report after these transactions?
As of August 31, 2026, the filing reports 209,000 shares of WDC common stock held indirectly through a personal investment company, and 112,500 shares held indirectly through the Bahamas investment company for the revocable trust.
Were the Western Digital (WDC) insider transfers made under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan is affirmed for these transactions. The transfers are described instead as part of the reporting person’s estate planning and intra-structure arrangements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
