Western Digital swaps 653,203 Sandisk shares for 1,865,801 WD shares

Western Digital Corporation

Western Digital Corporation

WDC

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  • Western Digital entered exchange agreements May 5, 2026 with institutional investors to swap 653,203 Sandisk shares for 1,865,801 shares of its own common stock.
  • Settlement expected May 7, 2026, subject to customary closing conditions.
  • Post-settlement, WD expects to retain 1,038,681 Sandisk shares.
  • Remaining Sandisk stake targeted for disposal via exchanges for WD debt held by creditors, exchanges for WD common stock, or distribution to stockholders as dividends.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Digital Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202605060915BIZWIRE_USPR_____20260506_BW659682) on May 06, 2026, and is solely responsible for the information contained therein.

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