Sandisk legal chief sells 600 shares at $1,525.60
Sandisk Corp’s Chief Legal Officer disclosed a 600-share sale under a pre-arranged Rule 10b5-1 trading plan, leaving him with 29,884 shares directly held.
Rhea-AI Filing Summary
Sandisk Corp (SNDK) reported that its Chief Legal Officer & Secretary, Bernard Shek, sold 600 shares of common stock on September 1, 2026 in a sale characterized as an open market or private transaction at a reported price of $1,525.60 per share.
After this transaction, he directly held 29,884 shares of Sandisk common stock. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on March 4, 2026, indicating they were pre-arranged under that plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 600 shares
Net Sell
1 txn
Insider
Shek Bernard
Role
Chief Legal Officer & Secty
Sold
600 shs ($915K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 600 | $1,525.60 | $915K |
Holdings After Transaction:
Common Stock — 29,884 shares (Direct)
Footnotes (1)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 4, 2026.
Key Figures
Shares sold: 600 shares
Sale price per share: $1,525.60 per share
Shares held after transaction: 29,884 shares
+2 more
5 metrics
Shares sold
600 shares
Common stock sale on September 1, 2026
Sale price per share
$1,525.60 per share
Reported price for the 600-share sale on September 1, 2026
Shares held after transaction
29,884 shares
Direct holdings of Bernard Shek after the reported sale
Net shares sold
600 shares
Net share change across all reported transactions in this Form 4
Rule 10b5-1 plan adoption date
March 4, 2026
Date the reporting person adopted the trading plan used for these sales
Key Terms
Rule 10b5-1 trading plan, open market or private transaction, Chief Legal Officer & Secty
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open market or private transaction financial
"Sale in open market or private transaction"
Chief Legal Officer & Secty other
"officer_title: Chief Legal Officer & Secty"
FAQ
What insider transaction did Sandisk Corp (SNDK) disclose in this Form 4?
Sandisk Corp disclosed that Chief Legal Officer & Secretary Bernard Shek sold 600 shares of common stock on September 1, 2026, reported as an open market or private transaction under a Rule 10b5-1 trading plan.
Was the Sandisk (SNDK) insider sale made under a Rule 10b5-1 trading plan?
Yes. The Form 4 states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Bernard Shek on March 4, 2026, and the filing’s Rule 10b5-1 checkbox is affirmed.
What is Bernard Shek’s role at Sandisk Corp (SNDK) in this Form 4?
In this Form 4, Bernard Shek is identified as an officer of Sandisk Corp with the title Chief Legal Officer & Secty. He is not listed as a director or ten percent owner in the reporting information.
AI-generated analysis. How Rhea-AI works. Not financial advice.