Form 4: Western Digital SVP Sells Shares Under Pre-Arranged Trading Plan

Western Digital's SVP & Principal Accounting Officer, Gene M. Zamiska, sold 1,729 shares of common stock for $54.88 per share on June 5, 2025, as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• Gene M. Zamiska, the Senior Vice President and Principal Accounting Officer of Western Digital Corporation (WDC), reported a sale of common stock.
• The transaction occurred on June 5, 2025.
• A total of 1,729 shares of WDC common stock were sold at a price of $54.88 per share.
• Following this transaction, Mr. Zamiska beneficially owns 40,089 shares of WDC common stock.
• The sale was executed under a Rule 10b5-1 trading plan, which was adopted by Mr. Zamiska on March 6, 2025.

Sentiment

Score: 5

Explanation: The document reports a routine insider stock sale executed under a pre-arranged Rule 10b5-1 plan, which typically minimizes any negative market signal associated with insider selling, resulting in a neutral sentiment.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not based on immediate, non-public information, which mitigates potential negative market perception.

Negatives

• An executive, Gene M. Zamiska, sold a portion of his holdings in the company, which can sometimes be perceived as a slight negative signal by the market.

Risks

• Potential for minor negative market perception due to an executive selling shares, although this is largely mitigated by the disclosure that the sale was part of a pre-arranged Rule 10b5-1 plan.

Future Outlook

NA

Management Comments

• "The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 6, 2025."

Industry Context

NA

Stakeholder Impact

• Shareholders: May perceive a slight negative signal from insider selling, though this is largely mitigated by the disclosure that the sale was part of a pre-arranged Rule 10b5-1 plan, suggesting it was not based on new, adverse information.

Key Dates

Recommendation

Keywords

Western Digital, WDC, SEC Form 4, Insider Trading, Stock Sale, Gene Zamiska, Rule 10b5-1, Beneficial Ownership