Business Context and Reporting Period
Company: Western Digital Corporation (WDC)
Filing Type: Form 8-K (Current Report)
Date of Report: June 11, 2026
Event: Item 8.01 Other Events – Execution of privately negotiated exchange agreements with institutional investors.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a specific corporate transaction.
Material Changes and Transaction Details
- Transaction Type: Exchange of Sandisk Corporation common stock for Western Digital common stock.
- Assets Exchanged by Company: 1,038,681 shares of Sandisk Corporation common stock.
- Counterparties: Certain institutional investors.
- Valuation Method: The number of Western Digital shares to be issued will be determined by the volume-weighted average prices of both Sandisk Stock and Western Digital common stock over a three-day measurement period (June 16-18, 2026).
- Expected Closing Date: June 22, 2026, subject to customary closing conditions.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of general risks. The primary contingency noted is that the transaction is subject to the satisfaction of customary closing conditions.
Investor Verification Checklist
- Verify the volume-weighted average prices of Sandisk and Western Digital stock during the June 16-18, 2026 measurement period to determine the final share count.
- Confirm the successful closing of the transaction on or before June 22, 2026.
- Review subsequent filings for the final number of Western Digital shares issued and the impact on diluted share count.