Davis Brian Scott 4

What Happened

• Brian Davis, Western Digital's Chief Sales & Marketing Officer, received converted dividend-equivalent shares tied to vested RSUs and completed derivative conversions on June 17–20, 2026. A total of 961 shares were withheld/disposed to satisfy tax withholding obligations, valued at $717,127. Several small derivative conversions/transactions (7, 7.695 and 11.695 share items) were recorded at $0 per share as they represent conversions/awards rather than open-market purchases or sales.

Key Details

• Transaction dates: Grant/award (A) 2026-06-17; exercises/conversions (M) and tax withholding (F) on 2026-06-20. Form 4 filed 2026-06-22 (appears timely).
• Notable line items:
  • 2026-06-17: Grant/award (A) — 11.695 shares (derivative), $0 per share.
  • 2026-06-20: Exercise/conversion (M) — 7 shares acquired, $0 per share.
  • 2026-06-20: Exercise/conversion (M) — 7.695 shares disposed, $0 per share (derivative-related).
  • 2026-06-20: Tax withholding (F) — 961 shares disposed at $746.23 each, total $717,127 (to satisfy tax obligations).
• Shares owned after the transactions: not specified in the provided extract — see the full Form 4 for total holdings.
• Footnotes: F1/F3 — dividend-equivalent rights were converted one-for-one into common shares when related RSUs vested; fractional dividend equivalents were paid in cash. F2 — shares were withheld to pay tax obligations in accordance with Rule 16b-3(e).

Context

• These filings reflect RSU vesting/dividend-equivalent conversions and related withholding, not an open-market sale signaling directional insider trading. The withheld 961 shares were used purely to satisfy tax liabilities (a common, routine step when equity awards vest). No 10% owner or 10b5-1 plan indication is shown in the provided details.