Form 4: Western Digital CEO Irving Tan Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Western Digital's CEO, Irving Tan, executed a sale of company stock on May 13, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 13, 2025, Irving Tan, the CEO of Western Digital Corp, sold 11,379 shares of common stock at a price of $48.19 per share.
- The sale was executed under a Rule 10b5-1 trading plan adopted on August 2, 2024.
- Following the transaction, Tan directly owns 605,481 shares of Western Digital common stock.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating a routine stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The fact that this sale was executed under a 10b5-1 plan suggests it was pre-planned and not based on any immediate inside information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, but the existence of a 10b5-1 plan suggests it was pre-planned and not based on any immediate inside information.
Key Dates
| Date | Description |
|---|---|
| 08/02/2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 05/13/2025 | Date of the stock sale transaction |
| 05/14/2025 | Date of Form 4 filing |
Keywords
Western Digital, WDC, Irving Tan, stock sale, Form 4, Rule 10b5-1, CEO, insider trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.