Western Digital 8-K

Summary

Privately negotiated convertible-note exchange. Western Digital agreed to exchange about $191.0M principal amount of its 3.00% convertible senior notes due 2028 for cash and common shares representing the remaining conversion value. The exchange is expected to close on or after 9/2/2026, subject to customary conditions.

Key Figures

• Notes exchanged: approximately $191.0M aggregate principal; consideration includes approximately $192.7M cash, covering principal and accrued interest, plus shares based on the remaining conversion value using the common stock’s 8/26/2026 volume-weighted average price.
• The exchange shares will be issued in an unregistered transaction relying on the Securities Act Section 4(a)(2) exemption.

Investor Takeaways

• Watch for completion on or after 9/2/2026 and the resulting share issuance.