Form 4: Western Digital Director Kimberly Alexy Sells Shares Under 10b5-1 Plan

Kimberly Alexy, a director at Western Digital, sold 2,648 shares of common stock at $69.95 per share on April 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 1, 2024, Kimberly Alexy, a director of Western Digital Corp, sold 2,648 shares of common stock.
• The sale was executed at a price of $69.95 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 24, 2023.
• Following the transaction, Alexy directly owns 5,213 shares and indirectly owns 20,509 shares through a family trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan.

Industry Context

Sales by insiders are a normal part of corporate activity; however, large or frequent sales can sometimes be viewed negatively by investors.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this.

Key Dates