WDC Form 4: Director gets 1,915 RSUs and boosts share holdings

Rhea-AI Filing Summary

Western Digital Corp (WDC) reported insider equity activity by a director. On 11/19/2025, dividend equivalent rights tied to previously granted restricted stock units were converted into and paid in the form of 14 shares of common stock, with a small cash payment for a fractional right. Following this, the director beneficially owned 39,518 shares of common stock.

On 11/20/2025, the director received a grant of 1,915 restricted stock units, each representing a contingent right to one share of Western Digital common stock. After these transactions, the director's beneficial ownership increased to 41,433 shares held directly.

Insider Trade Summary

14.426 shares exercised/converted

Mixed 3 txns

Insider Cole Martin I

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,915	$0.00	--
Exercise	Dividend Equivalent Rights	14.426	$0.00	--
Exercise	Common Stock	14	$0.00	--

Holdings After Transaction: Common Stock — 41,433 shares (Direct); Dividend Equivalent Rights — 0 shares (Direct)

Footnotes (1)

1. The dividend equivalent rights were converted into, and paid in the form of, shares of the Issuer's common stock on a one-for-one basis in connection with the vesting of restricted stock units to which the dividend equivalent rights relate. A cash amount was also paid to the holder to settle a fractional dividend equivalent right. Represents the grant of restricted stock units to the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cole Martin I

(Last) (First) (Middle)

C/O WESTERN DIGITAL CORPORATION

5601 GREAT OAKS PARKWAY

(Street)

SAN JOSE CA 95119

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WESTERN DIGITAL CORP [ WDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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
Common Stock	11/19/2025		M		14(1)	A	$0.0	39,518	D
Common Stock(2)	11/20/2025		A		1,915	A	$0.0	41,433	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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
Dividend Equivalent Rights	(1)	11/19/2025		M			14.4258	(1)	(1)	Common Stock	0	$0.0	0	D

Explanation of Responses:

1. The dividend equivalent rights were converted into, and paid in the form of, shares of the Issuer's common stock on a one-for-one basis in connection with the vesting of restricted stock units to which the dividend equivalent rights relate. A cash amount was also paid to the holder to settle a fractional dividend equivalent right.

2. Represents the grant of restricted stock units to the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

	By: /s/ Sandra Garcia Attorney-in-Fact For: Martin I. Cole	11/21/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Western Digital (WDC) report on this Form 4?

The filing reports transactions by a director of Western Digital involving the conversion of dividend equivalent rights into common stock and a new grant of restricted stock units.

How many Western Digital (WDC) shares came from dividend equivalent rights?

On 11/19/2025, 14 shares of Western Digital common stock were issued upon conversion of dividend equivalent rights, with cash paid for a fractional right.

What new equity award did the Western Digital (WDC) director receive?

On 11/20/2025, the director received a grant of 1,915 restricted stock units, each RSU representing a contingent right to receive one share of Western Digital common stock.

How many Western Digital (WDC) shares does the director own after these transactions?

After the reported transactions, the director beneficially owns 41,433 shares of Western Digital common stock, held directly.

Were any derivative securities involved in the Western Digital (WDC) Form 4 filing?

Yes. The filing shows dividend equivalent rights as derivative securities, which were converted into 14 shares of common stock in connection with the vesting of related restricted stock units.

What is a restricted stock unit (RSU) in the context of Western Digital (WDC)?

The filing explains that each restricted stock unit granted to the reporting person represents a contingent right to receive one share of Western Digital common stock.