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

Director Kimberly Alexy of Western Digital Corporation sold 3,000 shares of common stock on March 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Kimberly Alexy, a director at Western Digital Corporation, reported the sale of 3,000 shares of common stock on March 1, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 24, 2023.
• The shares were sold in two transactions at prices of $61 and $64.50 per share.
• Following the transactions, Alexy directly owns 5,213 shares and indirectly owns 23,157 shares through a family trust.
• The family trust benefits Alexy and Alexy's spouse, who are also trustees.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged trading plan, which is a common practice.

Industry Context

Insider sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sale may have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates