Form 4 for SNDK Sandisk
Accepted 2025-02-25 00:00:00 ET · period of report 2025-02-21 · accession 0001363249-25-000007 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2025-02-25 | 2025-02-21 | SNDK | Goeckeler David | CEO, Dir | A - Grant | $0.00 | +307.6K | 270.8K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-02-21 | A | A | 215,181 | $0.00 | 485,946 | D | — | — | (F3) In connection with the Spin-Off, each WDC Performance Stock Unit ("WDC PSU") held by the reporting person immediately prior to the Spin-Off received one-third (1/3) of one share of Sandisk time-based restricted stock unit. These awards shall have substantially the same vesting and other applicable terms and conditions as the corresponding WDC PSUs immediately prior to the Spin-Off, but excluding any performance-based conditions. |
| 2 | Common | Common Stock | 2025-02-21 | A | A | 92,417 | $0.00 | 270,765 | D | — | — | (F1) In connection with the spin-off from Western Digital Corporation ("WDC") effective February 21, 2025, as further described in the Issuer's current report on Form 8-K filed on February 24, 2025 (the "Spin-Off"), each WDC Restricted Stock Unit ("WDC RSU") held by the reporting person immediately prior to the Spin-Off received one-third (1/3) of one share of Sandisk Restricted Stock Unit ("Sandisk RSU"), which shall have substantially the same vesting and other applicable terms and conditions as the corresponding WDC RSUs immediately prior to the Spin-Off. (F2) Includes 178,348 shares of Common Stock acquired in connection with the Spin-Off, where each WDC shareholder received one-third (1/3) of one share of Sandisk Common Stock for each share of WDC common stock held. Such acquisition was exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act. |