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Western Asset Diversified Income Fund (WDI) director sells 22,886 shares

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Western Asset Diversified Income Fund director Nisha Kumar reported multiple sales of Common Stock on August 10, 2026, totaling 22,886.3 shares. This included 9,000 shares sold directly at a weighted average price of $13.12, with prices ranging from $13.08 to $13.13, leaving 0 directly held shares. Additional sales were executed through accounts for the benefit of Kumar’s family, where she is a trustee and disclaims beneficial ownership except to the extent of her pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Kumar Nisha
Role Director
Sold 22,886.3 shs ($301K)
Type Security Shares Price Value
Sale Common Stock F1 9,000 $13.12 $118K
Sale Common Stock F2, F3 3,224.511 $13.155 $42K
Sale Common Stock F3 3,750 $13.1422 $49K
Sale Common Stock F3 6,911.789 $13.1349 $91K
Holdings After Transaction: Common Stock — 0 shares (Direct); Common Stock — 6,750 shares (Indirect, Trustee)
Footnotes (3)
  1. F1. The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $13.08 to $13.13, inclusive. Ms. Kumar 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 within the range set forth above.
  2. F2. This amount reflects an adjustment after a reconciliation of the Reporting Person's records.
  3. F3. These shares of Common Stock are held by account for the benefit of Ms. Kumar's family. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, the Reporting Person states that this filing shall not be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.
Total shares sold 22,886.3 shares Aggregate Common Stock sales reported on August 10, 2026
Direct sale shares 9,000 shares Directly held Common Stock sold on August 10, 2026
Direct sale weighted average price $13.12 per share Weighted average price for 9,000 directly held shares; trades from $13.08 to $13.13
Price range for direct sale $13.08–$13.13 per share Range of prices for the 9,000-share direct sale on August 10, 2026
Indirect sale block 1 3,224.511 shares at $13.1550 Indirect sale from family-related account where Kumar is trustee
Indirect sale block 2 3,750 shares at $13.1422 Indirect sale from family-related account where Kumar is trustee
Indirect sale block 3 6,911.789 shares at $13.1349 Indirect sale from family-related account where Kumar is trustee
Direct shares after transaction 0 shares Directly held Common Stock following the reported August 10, 2026 sale
weighted average financial
"The price reported in column 4 is a weighted average."
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
Rule 16a-1(a)(4) regulatory
"Pursuant to Rule 16a-1(a)(4) under the Exchange Act, the Reporting Person states"
beneficial owner financial
"shall not be an admission that the Reporting Person is the beneficial owner of any of the securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein"
trustee financial
"These shares of Common Stock are held by account for the benefit of Ms. Kumar's family. Pursuant to Rule"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

FAQ

What insider transactions did WDI director Nisha Kumar report?
Nisha Kumar reported four sales of Western Asset Diversified Income Fund (WDI) Common Stock on August 10, 2026, totaling 22,886.3 shares across both directly held shares and family accounts where she acts as trustee.

How many WDI shares did Nisha Kumar sell in total?
Kumar reported selling an aggregate of 22,886.3 Common Stock shares of Western Asset Diversified Income Fund. This included 9,000 shares held directly and 13,886.3 shares sold from family-related accounts in which she has a trustee role.

At what prices were Nisha Kumar’s WDI shares sold?
The directly held 9,000 shares were sold at a weighted average price of $13.12, with individual trades between $13.08 and $13.13. Other sales from family accounts were priced around $13.13 per share, as separately reported for each block.

What are Nisha Kumar’s WDI holdings after these transactions?
Following the August 10, 2026 sales, Kumar’s directly held Common Stock position is reported as 0 shares. Indirect positions relate to family accounts, and she disclaims beneficial ownership except to the extent of any pecuniary interest in those securities.

How are the indirect WDI share sales by Nisha Kumar structured?
Certain reported sales involve shares held in accounts for the benefit of her family, where Kumar is a trustee. She states, under Rule 16a-1(a)(4), that she disclaims beneficial ownership except for her pecuniary interest in those securities.

Were Nisha Kumar’s WDI trades made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote states that the August 10, 2026 WDI stock sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
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).
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*
Kumar Nisha
(Last)(First)(Middle)
C/O JANE TRUST, FRANKLIN TEMPLETON
ONE MADISON AVENUE, 17TH FLOOR
(Street)
NEW YORK NEW YORK 10018
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Western Asset Diversified Income Fund (WDI) [ WDI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026		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 Stock08/10/2026S9,000D$13.12(1)0D
Common Stock08/10/2026S3,224.511D$13.15517,411.789(2)ITrustee(3)
Common Stock08/10/2026S3,750D$13.142213,661.789ITrustee(3)
Common Stock08/10/2026S6,911.789D$13.13496,750ITrustee(3)
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 price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $13.08 to $13.13, inclusive. Ms. Kumar 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 within the range set forth above.
2. This amount reflects an adjustment after a reconciliation of the Reporting Person's records.
3. These shares of Common Stock are held by account for the benefit of Ms. Kumar's family. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, the Reporting Person states that this filing shall not be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.
Remarks:
/s/ Marc A. De Oliveira by Power of Attorney for Nisha Kumar08/12/2026
** 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)

Source: View Original Filing on SEC EDGAR