Western Digital (NASDAQ: WDC) CEO sells 20,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Digital Corp Chief Executive Officer Irving Tan reported selling 20,000 shares of company common stock in open‑market transactions. The sales occurred on May 1, 2026 in nine separate trades at weighted average prices generally around $406–$415 per share, as described in the pricing footnotes.
The filing states these sales were made under a pre‑arranged Rule 10b5‑1 trading plan adopted by Tan on May 12, 2025. After the transactions, he continues to hold 598,150 shares of Western Digital common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($8,236,864)
Net Sell
9 txns
Insider
Tan Irving
Role
Chief Executive Officer
Sold
20,000 shs ($8.24M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,257 | $406.5204 | $1.32M |
| Sale | Common Stock | 512 | $407.3193 | $209K |
| Sale | Common Stock | 584 | $408.2328 | $238K |
| Sale | Common Stock | 546 | $409.6283 | $224K |
| Sale | Common Stock | 920 | $410.7583 | $378K |
| Sale | Common Stock | 680 | $411.8653 | $280K |
| Sale | Common Stock | 5,711 | $413.1223 | $2.36M |
| Sale | Common Stock | 7,355 | $413.9192 | $3.04M |
| Sale | Common Stock | 435 | $415.0157 | $181K |
Holdings After Transaction:
Common Stock — 614,893 shares (Direct, null)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 12, 2025. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $405.6950 to a high of $406.6800. 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 $406.8100 to a high of $407.5300. 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 $407.8150 to a high of $408.5900. 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 $409.0000 to a high of $409.9900. 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 $410.1600 to a high of $411.1500. 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 $411.3750 to a high of $412.3500. 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 $412.4800 to a high of $413.4750. 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 $413.4800 to a high of $414.2000. 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 $414.6700 to a high of $415.4200. 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: 20,000 shares
Holdings after sale: 598,150 shares
Lowest price in range: $405.6950 per share
+2 more
5 metrics
Shares sold
20,000 shares
Total Western Digital common shares sold on May 1, 2026
Holdings after sale
598,150 shares
Direct Western Digital common stock owned by Irving Tan after transactions
Lowest price in range
$405.6950 per share
Lowest individual trade price noted in the pricing footnotes
Highest price in range
$415.4200 per share
Highest individual trade price noted in the pricing footnotes
Number of sale transactions
9 sales
SellCount in transaction summary for May 1, 2026
Key Terms
Form 4, Rule 10b5-1 trading plan, weighted average sale price per share, open-market sale, +1 more
5 terms
Form 4 regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
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.
Rule 10b5-1 trading plan regulatory
"were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
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.
open-market sale financial
"transaction_action": "open-market sale", "transaction_code_description": "Sale in open market or private transaction""
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.
Reporting Person regulatory
"The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer"
FAQ
What did Western Digital (WDC) CEO Irving Tan report in this Form 4?
Irving Tan reported selling 20,000 shares of Western Digital common stock in open‑market trades on May 1, 2026. These transactions were executed under a pre‑arranged Rule 10b5‑1 trading plan and he continues to hold a substantial direct stake.
Was Irving Tan’s Western Digital (WDC) stock sale pre‑planned?
Yes. A footnote states the sales were effected under a Rule 10b5‑1 trading plan adopted on May 12, 2025. Such plans allow insiders to schedule trades in advance, helping separate personal trading decisions from day‑to‑day market developments.
How many separate sale transactions did the Western Digital (WDC) Form 4 disclose?
The Form 4 transaction summary reports nine sale transactions, all involving Western Digital common stock. Together, these open‑market sales totaled 20,000 shares sold on May 1, 2026, with detailed weighted average pricing and ranges provided in the accompanying footnotes.