Sandisk Corp Chief Legal Officer Sells $695K in Stock Under 10b5-1 Plan
Sandisk Corp
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Filing Summary
Sandisk Corp (SNDK) – Form 4 Insider Sale • Insider: Bernard Shek (Chief Legal Officer and Secty) • Transaction: Sold 600 shares at $1,158.26/share ($694,956 total) • Date: November 2, 2026 • Remaining Shares: 24,666 shares • Plan: Rule 10b5-1 adopted on March 4, 2026
Comprehensive Analysis
Executive Summary
On November 3, 2026, Sandisk Corp (NASDAQ: SNDK) filed a Form 4 indicating that Chief Legal Officer and Secretary Bernard Shek sold 600 shares of common stock on November 2, 2026. The transaction totaled approximately $694,956 at a price of $1,158.26 per share.
Transaction Details
- Security: Common Stock
- Shares Sold: 600
- Execution Price: $1,158.26
- Total Consideration: $694,956.00
- Post-Transaction Holdings: 24,666 shares (held directly)
Trading Context & Significance
The sale was executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on March 4, 2026. The sale represents approximately 2.37% of the insider's prior holdings of 25,266 shares. Due to the modest size relative to overall holdings and the pre-planned nature under Rule 10b5-1, this transaction reflects low predictive significance regarding operational outlook.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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