STOCK TITAN

Western Digital (NASDAQ: WDC) CEO sells 20,000 shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
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 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)
  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.
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
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.
weighted average sale price per share 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", "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"
SEC Form 4
FORM 4UNITED 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).
X
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*
Tan Irving

(Last)(First)(Middle)
C/O WESTERN DIGITAL CORPORATION
5601 GREAT OAKS PARKWAY

(Street)
SAN JOSE CALIFORNIA 95119

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
WESTERN DIGITAL CORP [ WDC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/01/2026S(1)3,257D$406.5204(2)614,893D
Common Stock05/01/2026S(1)512D$407.3193(3)614,381D
Common Stock05/01/2026S(1)584D$408.2328(4)613,797D
Common Stock05/01/2026S(1)546D$409.6283(5)613,251D
Common Stock05/01/2026S(1)920D$410.7583(6)612,331D
Common Stock05/01/2026S(1)680D$411.8653(7)611,651D
Common Stock05/01/2026S(1)5,711D$413.1223(8)605,940D
Common Stock05/01/2026S(1)7,355D$413.9192(9)598,585D
Common Stock05/01/2026S(1)435D$415.0157(10)598,150D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
By: /s/ Sandra Garcia Attorney-in-Fact For: Irving Tan05/05/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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.

How many Western Digital (WDC) shares does CEO Irving Tan still own?

After the reported sales, Irving Tan directly holds 598,150 shares of Western Digital common stock. This figure in the Form 4 reflects his remaining direct ownership following the 20,000 shares sold across multiple open‑market transactions on May 1, 2026.

At what prices did Western Digital (WDC) shares sell in Irving Tan’s Form 4?

The Form 4 shows weighted average sale prices generally around $406–$415 per share. Footnotes explain that each reported average covers multiple trades, with individual prices ranging from a low of $405.6950 to a high of $415.4200.

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.