Form 4: Western Digital SVP Sells Shares Under 10b5-1 Trading Plan

Gene M. Zamiska, SVP & Principal Accounting Officer of Western Digital, sold 456 shares of common stock at $43.37 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Gene M. Zamiska, SVP & Principal Accounting Officer at Western Digital, reported a transaction involving the sale of company stock.
• On March 12, 2025, Zamiska sold 456 shares of Western Digital common stock.
• The sale was executed at a price of $43.37 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on December 1, 2023.
• Following the transaction, Zamiska directly owns 43,320 shares of Western Digital common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale by an executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the executive is selling shares according to a pre-arranged schedule to avoid accusations of insider trading.

Comparison to Industry Standards

• Executive stock sales are common across the technology industry.
• Companies like Seagate and Micron also see regular Form 4 filings from their executives.
• The volume of shares sold is relatively small compared to the total outstanding shares of Western Digital.

Stakeholder Impact

• The stock sale is unlikely to have a significant impact on shareholders due to the small volume of shares involved.

Key Dates