Western Digital converts all Series A Preferred Stock to common shares

WESTERN DIGITAL CORP

On Feb 17, 2026, WDC converted all outstanding Series A Convertible Perpetual Preferred Stock into common stock.
Triggered because common stock closing price exceeded 150% of conversion price for 20 of 30 trading days.
Preferred stock issued in Jan 2023; mandatory conversion provision took effect after 3-year anniversary.
Holders received common shares at applicable conversion price; preferred dividend obligation removed.

item 3.03

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

WESTERN DIGITAL CORP issued preferred stock.

Security: preferred stock

Exact text from the filing

On February 17, 2026, in connection with the Mandatory Conversion, the Company converted all shares issued and outstanding of Preferred Stock into shares of Common Stock

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Source: SEC EDGAR

accession 0001193125-26-055920

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