Western Digital (WDC) director sells 720 shares in planned Rule 10b5-1 trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESTERN DIGITAL CORP director Cole Martin I reported open-market sales of company common stock. On June 9, 2026, he sold a total of 720 shares in 14 separate transactions at prices generally in the low-to-mid $530s per share. Footnotes state these sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on March 5, 2026, indicating the trades were scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 720 shares ($385,924)
Net Sell
14 txns
Insider
Cole Martin I
Role
null
Sold
720 shs ($386K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 48 | $528.0733 | $25K |
| Sale | Common Stock | 64 | $530.2675 | $34K |
| Sale | Common Stock | 48 | $531.6167 | $26K |
| Sale | Common Stock | 96 | $533.0133 | $51K |
| Sale | Common Stock | 48 | $533.9733 | $26K |
| Sale | Common Stock | 16 | $534.90 | $9K |
| Sale | Common Stock | 112 | $536.2686 | $60K |
| Sale | Common Stock | 71 | $537.7273 | $38K |
| Sale | Common Stock | 57 | $538.8116 | $31K |
| Sale | Common Stock | 32 | $539.815 | $17K |
| Sale | Common Stock | 16 | $540.96 | $9K |
| Sale | Common Stock | 48 | $542.7867 | $26K |
| Sale | Common Stock | 48 | $543.92 | $26K |
| Sale | Common Stock | 16 | $544.95 | $9K |
Holdings After Transaction:
Common Stock — 26,105 shares (Direct, null)
Footnotes (1)
- Due to SEC rules limiting the number of transactions that can be reported on a single Form 4, this Form 4 is a continuation of the Form 4 filed for the same date listed above. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 5, 2026. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $527.94 to a high of $528.23. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $530.02 to a high of $530.72. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $531.13 to a high of $531.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $532.49 to a high of $533.47. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $533.66 to a high of $534.45. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $536.01 to a high of $536.58. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $537.28 to a high of $538.04. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $538.45 to a high of $538.98. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $539.64 to a high of $539.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $542.19 to a high of $543.18. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $543.42 to a high of $544.35. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
Key Figures
Shares sold: 720 shares
Number of sale transactions: 14 transactions
Highest reported sale price: $544.95 per share
+3 more
6 metrics
Shares sold
720 shares
Total open-market sales on June 9, 2026
Number of sale transactions
14 transactions
Separate open-market trades on June 9, 2026
Highest reported sale price
$544.95 per share
One of the June 9, 2026 open-market sales
Lowest price range in footnotes
$527.94 per share
Low end of a weighted-average sale price range
Net buy/sell direction
Net sale of 720 shares
Transaction summary for this Form 4
10b5-1 plan adoption date
March 5, 2026
Date the trading plan was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, open-market sale, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 5, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"Represents the weighted average sale price per share. These shares were sold in multiple transactions..."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"Due to SEC rules limiting the number of transactions that can be reported on a single Form 4, this Form 4 is a continuation..."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Western Digital (WDC) director Cole Martin I report in this Form 4?
He reported selling 720 shares of Western Digital common stock on June 9, 2026 in 14 open-market transactions. All transactions involved non-derivative common stock and were disclosed as routine sales rather than option exercises or gifts.
Was the Western Digital (WDC) insider sale made under a Rule 10b5-1 plan?
Yes. A footnote explains that the sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026. Such plans schedule trades in advance, reducing the significance of short-term market timing.
How many transactions did the Western Digital (WDC) director execute in this Form 4?
The filing shows 14 separate open-market sale transactions in Western Digital common stock on June 9, 2026. Each line item reports a share amount and price, with totals summarized as 720 shares sold and no purchases or derivative exercises reported.
Does the Form 4 show any remaining derivative positions for the Western Digital (WDC) director?
The derivativeSummary section is empty in this filing, indicating no derivative transactions, such as stock option exercises or conversions, were reported. All activity involved non-derivative common stock sold in the open market on the transaction date.