secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001193125-26-055920
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03
LLM model:  deepseek-v4-flash:cloud@v2

Western Digital converts all Series A Preferred Stock to common shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000119312526055920/0001193125-26-055920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000119312526055920/d107707d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-055920

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer