Western Digital CEO Tan Irving Transfers 112,500 Shares

What Happened

• Tan Irving, CEO of Western Digital (WDC), reported transfers totaling 112,500 shares. The filings show two related transactions dated 2026-08-31 (code J: other acquisition/disposition) and 2026-09-01 (code G: gift), each reported at $0.00 per share (total consideration $0). These were not open-market sales or purchases but intra-structure transfers and an estate-planning assignment.

Key Details

• Transaction dates and codes: 2026-08-31 (J — transfer to an investment company) and 2026-09-01 (G — transfer/assignment to a revocable trust).
• Price: $0.00 per share; total reported cash consideration = $0.
• Shares involved: 112,500 shares moved.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: (F1) Shares were transferred to a Bahamas investment company beneficially owned by the reporting person and spouse; the investment company recorded an interest-free, repayable-on-demand shareholder loan to the joint owners equal to the value of the transferred shares. (F2) The rights of the joint owners and the loan were then assigned to a revocable trust as part of estate planning; investment company shares are held for the trust under a Declaration of Trust.
• Filing timeliness: No late filing flag indicated in the provided report.

Context

• These entries reflect internal transfers and estate-planning steps (including a gift/assignment), not market buying or selling; gifts and transfers like these generally do not signal trading-based views of the stock. The presence of a shareholder loan and transfer into a trust are structural/estate-planning moves rather than cash transactions.