Tan Irving 4

What Happened

• Tan Irving, CEO of Western Digital (WDC), sold a total of 20,000 shares in multiple open-market transactions on February 2, 2026, generating aggregate proceeds of approximately $5,108,831.
• Trades occurred across many price points (examples: 3,626 shares @ $261.84 = $949,414; 2,444 @ $260.84 = $637,487; 2,250 @ $259.93 = $584,835). Individual sale prices ranged roughly from $242.23 to $262.55 per share.
• This was a sale (not a purchase); sales can be routine and do not necessarily indicate a change in view on the company.

Key Details

• Transaction date: February 2, 2026; Form 4 filed February 4, 2026 (timely filing).
• Total shares sold: 20,000; total gross proceeds: about $5.11 million.
• Method: Open-market dispositions executed pursuant to a Rule 10b5-1 trading plan adopted May 12, 2025 (Footnote F1).
• Several footnotes (F2–F15) report weighted-average prices for grouped blocks and provide price ranges for those groups; the filer offers to disclose per-price breakdowns on request.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• Sales made under a Rule 10b5-1 plan are prearranged transactions that insiders set up in advance; they are commonly used for scheduled liquidity and help avoid questions about trading on inside information.
• For retail investors: purchases by insiders often carry more immediate signaling value than routine sales, but planned sales under 10b5-1 should be interpreted cautiously and in context with other insider activity and company fundamentals.