Jake Walman, you are an Edmonton Oiler.

The Oilers made the Jake Walman trade official when the clock struck midnight on Friday, announcing the team had sent a conditional first-round pick in 2026 and AHL forward Carl Berglund to the San Jose Sharks.

According to the team, if that pick is in the top 12, the Oilers could send their 2027 first-round pick instead. But if they trade their 2027 first-round pick before the 2026 trade deadline, the 2026 first-round pick transfers to San Jose without conditions.

Walman, 29, is a left-shot defenceman standing at 6’1, 218 lbs. amid a breakout season, scoring six goals and 32 points in 50 games. He’s currently in the second-year of a three-year deal paying him $3.4-million per year. There was no salary retention in this trade by either the Sharks, or another team.

He munched minutes this season for the Sharks, leading the team in time on ice per game at 23:10. Known for his offensive upside and ability to move the puck up the ice, he’s also got some defensive chops, blocking 5.75 shots per hour of ice-time, enough to rank first on the Oilers’ blue line.

According to HockeyViz, Walman has driven play offensively at a 13 percent rank above league average and defence at a league average rate. While he’s impacted the Sharks’ power play to the tune of eight percent above league average, he’s struggled on their penalty kill, impacting it at a three percent rate below league average. Even still, HockeyViz has his contributions this season well above that of a first-pair defenceman.

Berglund, 25, signed as an undrafted free agent with the Oilers in March 2023, joining their AHL affiliate Bakersfield Condors on a professional tryout. He played 12 games with the Condors scoring a goal and four points in 2023-24, but spent the majority of his time with the Oilers’ ECHL affiliate Fort Wayne Komets, scoring 12 goals and 42 points in 51 games. He’s appeared in 45 games with the Condors scoring two goals and 12 points.

According to PuckPedia, the Oilers currently have $300,560 in cap space with 24 players on their active roster. When they return Cam Dineen to the AHL’s Condors, it would climb to $1.08-million. More salary cap space, they added, could be had by placing Trent Frederic on Long-Term Injured Reserve, raising it to $1.65-million.

The deal marks the second since last summer in which the Oilers acquired a Sharks defenceman, picking up Ty Emberson in exchange for Cody Ceci and a 2025 third-round pick.

Zach Laing is Oilersnation’s associate editor, senior columnist, and The Nation Network’s news director. He also makes up one-half of the DFO DFS Report. He can be followed on Twitter, currently known as X, at @zjlaing, or reached by email at zach.laing@bettercollective.com.