Sandisk Corp Director & Officer Files Form 144 for $51.4M Stock Sale
Sandisk Corp
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Filing Summary
Form 144 Notice of Proposed Sale of Securities • Company: Sandisk Corp (CIK: 0002023554) • Insider: David Goeckeler (Director and Officer) • Shares Proposed to Sell: 33,841 Common Shares • Aggregate Market Value: $51,437,304.77 (~$1,519.97/share) • Approximate Date of Sale: 09/17/2026 • Broker: Morgan Stanley Smith Barney LLC • Trading Plan: Rule 10b5-1 adopted on 05/29/2026
Comprehensive Analysis
Executive Summary
On September 17, 2026, Sandisk Corp insider David Goeckeler (Director and Officer) filed a Form 144 notice disclosing the intent to sell 33,841 shares of Common Stock with an estimated aggregate market value of $51,437,304.77 (approximately $1,519.97 per share) through Morgan Stanley Smith Barney LLC.
Transaction & Securities Details
- Securities to be Sold: 33,841 Common shares.
- 9,328 shares acquired via Restricted Stock Units on May 20, 2026.
- 24,513 shares acquired via Performance Stock Units on August 25, 2026.
- Approximate Sale Date: September 17, 2026.
- Rule 10b5-1 Trading Plan: The proposed sale is executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on May 29, 2026.
- Recent Prior Sales: The filer previously completed a 10b5-1 sale of 33,838 shares on September 14, 2026, generating gross proceeds of $51,700,129.35.
Market Impact & Significance
- Trading Significance: High, driven by the large nominal transaction value of over $51.4 million.
- Context: Because this planned sale is executed under a pre-established Rule 10b5-1 plan adopted several months prior, the timing does not reflect discretionary immediate reaction to short-term market dynamics, though the size of the divestment remains noteworthy.
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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.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
