Western Digital to exchange 1M+ Sandisk shares for buyback of own stock from institutions

Filed June 10, 2026 · Period ending June 11, 2026 · ~1 min read

Key Changes

• high

  WDC exchanging 1,038,681 Sandisk shares it owns for its own common stock held by institutional investors in privately negotiated deals, effectively monetizing Sandisk holdings while reducing share count.

  Item 8.01 verify on EDGAR →
• medium

  Exchange ratio will be determined by volume-weighted average prices of both stocks during June 16-18, 2026, meaning final share count impact depends on relative price movements in that window.

  Exchange Agreements verify on EDGAR →
• medium

  Transactions expected to close June 22, 2026, subject to customary conditions, providing clear timeline for when balance sheet effects will be realized.

  8-K: Closing Date verify on EDGAR →