Cole Martin I 4
Research Summary
AI-generated summary
Western Digital (WDC) Director Cole Martin I Sells 3,280 Shares
What Happened
Cole Martin I, a director of Western Digital Corporation (WDC), sold a total of 3,280 shares in multiple open‑market transactions on June 9, 2026. The sales were executed at prices ranging roughly from $484.00 to $527.60 per share, producing aggregate proceeds of about $1,676,598. The filings state the trades were effected pursuant to a Rule 10b5‑1 trading plan adopted March 5, 2026.
Key Details
- Transaction date: June 9, 2026 (Form 4 filed June 11, 2026 — timely within the two‑business‑day window).
- Total shares sold: 3,280 shares. Total proceeds: ≈ $1,676,598.
- Price range reported across multiple lots/footnotes: about $483.99 (low) to $527.60 (high). Several footnotes report weighted‑average prices for grouped sales and the reporting person will provide per‑price details on request.
- Sales executed under a Rule 10b5‑1 plan (footnote F1) — indicates the trades were preplanned.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- These were sales, not purchases; sales under 10b5‑1 plans are typically prearranged and do not necessarily signal new insider views about the company.
- For retail investors, purchases by insiders are generally more informative as potential bullish signals; routine, preplanned sales are common for liquidity or diversification reasons.
- If you need the breakdown of each lot price or the post‑transaction ownership amount, the filer has committed to provide those details to the company, shareholders, or the SEC staff upon request.