Western Digital to Exchange 1.04M Sandisk Shares for WDC Stock

Western Digital Corporation entered into separate, privately negotiated exchange agreements with certain institutional investors. The company agreed to exchange an aggregate of 1,038,681 shares of Sandisk Corporation common stock, which it holds, for a number of its own common stock shares held by these investors. The exact number of Western Digital shares will be determined by the volume-weighted average prices of both stocks over a three-day measurement period from June 16-18, 2026. These transactions are anticipated to close on June 22, 2026, subject to customary closing conditions.