Western Digital to exchange 1.04M Sandisk shares for own stock with institutional investors

WESTERN DIGITAL CORP

Entered exchange agreements to swap 1,038,681 Sandisk common shares held by WDC for WDC common shares.
Exchange ratio based on volume-weighted average prices of Sandisk and WDC stock over June 16-18, 2026.
Transactions expected to close on June 22, 2026, subject to customary conditions.
Counterparties are unnamed institutional investors; deal privately negotiated.

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