Western Digital Finalizes $3.08B Secondary Offering of Sandisk Shares at Discounted Price

summarizeSummary

Western Digital Corporation has finalized the pricing for the sale of 5.82 million shares of Sandisk common stock at $545.00 per share, representing a significant divestment of its remaining stake at a discount to market price.

check_boxKey Events

• Finalizes Secondary Offering Terms

  This prospectus supplement finalizes the terms and pricing for the sale of 5,821,135 shares of Sandisk common stock by Western Digital Corporation (WDC).

• Significant Share Divestment

  Western Digital Corporation is selling shares valued at approximately $3.085 billion, representing a substantial portion of its remaining stake in Sandisk.

• Discounted Offering Price

  The shares are priced at $545.00 per share, which is approximately a 7.7% discount compared to Sandisk's closing price of $590.59 on February 17, 2026.

• No Proceeds to Company

  Sandisk Corporation will not receive any proceeds from this offering, as it is a secondary sale by a selling stockholder.

auto_awesomeAnalysis

This 424B7 filing finalizes the terms and pricing for a significant secondary offering by Western Digital Corporation (WDC), following the S-3ASR and preliminary 424B7 filed on February 17, 2026. WDC is selling 5,821,135 shares of Sandisk common stock at $545.00 per share, which represents a notable discount of approximately 7.7% to Sandisk's closing price of $590.59 on February 17, 2026. This offering, valued at approximately $3.085 billion, significantly reduces WDC's ownership stake in Sandisk, as it will hold only 1,691,884 shares after the transaction. Sandisk Corporation will not receive any proceeds from this sale, as it is a disposition by a selling stockholder. The substantial divestment by a former parent company, coupled with the discounted pricing, could create an overhang on Sandisk's stock, despite the removal of a large block of potential future sales from WDC's remaining holdings.