Western Asset Diversified Income Fund (WDI) Director Nisha Kumar Sells Shares

What Happened Nisha Kumar, a director of Western Asset Diversified Income Fund (WDI), sold a total of 6,750 common shares in two open-market transactions. On 2026-03-10 she sold 3,000 shares at $13.52 each for $40,560, and on 2026-03-11 she sold 3,750 shares at $13.47 each for $50,513, for combined proceeds of roughly $91,074. These were sales (not purchases), which are often routine liquidity events rather than explicit bullish signals.

Key Details

• Transaction types: Open-market sales (code S)
• Dates and prices:
  • 2026-03-10 — 3,000 shares @ $13.52 = $40,560
  • 2026-03-11 — 3,750 shares @ $13.47 = $50,513
• Total shares sold: 6,750; total proceeds: ≈ $91,074
• Shares owned after transaction: Not specified in the filing
• Footnote: Shares are held in an account for the benefit of Ms. Kumar's family; she disclaims beneficial ownership except to the extent of any pecuniary interest (per Rule 16a-1(a)(4))
• Timeliness: The Form 4 was filed on 2026-08-19 for transactions dated 2026-03-10/11, indicating a late filing; late reports can delay transparency for investors

Context Sales by directors can reflect personal liquidity needs, estate planning, or routine portfolio management and do not necessarily indicate a change in view about the company. This filing reports straightforward open-market sales — no options exercises, gifts, or 10b5-1 plan were noted.