Sandisk (SNDK) CTO Ilkbahar sells 2,000 shares and gifts 2,694 more
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sandisk Corp executive vice president and chief technology officer Alper Ilkbahar reported several common stock dispositions. On June 1, Ilkbahar sold a total of 2,000 shares in three open-market transactions at weighted average prices of $1,755.3132, $1,757.0000, and $1,758.3967 per share. On June 2, Ilkbahar made a bona fide gift of 2,694 shares of common stock to a charitable donor advised fund. Following these transactions, Ilkbahar directly owns 49,983 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares ($3,513,153)
Net Sell
4 txns
Insider
Ilkbahar Alper
Role
EVP, Chief Technology Officer
Sold
2,000 shs ($3.51M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 2,694 | $0.00 | -- |
| Sale | Common Stock | 999 | $1,755.3132 | $1.75M |
| Sale | Common Stock | 401 | $1,757.00 | $705K |
| Sale | Common Stock | 600 | $1,758.3967 | $1.06M |
Holdings After Transaction:
Common Stock — 49,983 shares (Direct, null)
Footnotes (1)
- Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $1754.8000 to a high of $1755.6800. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $1757.0000 to a high of $1757.0850. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $1758.0200 to a high of $1758.8850. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Reflects the gift of common stock to a charitable donor advised fund.
Key Figures
Shares sold: 2,000 shares
First sale price: $1,755.3132 per share
Second sale price: $1,757.0000 per share
+3 more
6 metrics
Shares sold
2,000 shares
Total common stock sold on June 1 in three transactions
First sale price
$1,755.3132 per share
Weighted average price for 999-share sale on June 1
Second sale price
$1,757.0000 per share
Weighted average price for 401-share sale on June 1
Third sale price
$1,758.3967 per share
Weighted average price for 600-share sale on June 1
Shares gifted
2,694 shares
Common stock gifted on June 2 to charitable donor advised fund
Shares owned after
49,983 shares
Direct common stock holdings following gift transaction
Key Terms
bona fide gift, weighted average sale price, donor advised fund, open-market sale, +1 more
5 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
weighted average sale price financial
"Represents the weighted average sale price per share."
donor advised fund financial
"Reflects the gift of common stock to a charitable donor advised fund."
A donor advised fund is a charitable savings account you fund with cash or assets (including stocks) that lets you take an immediate tax benefit while recommending when and which charities receive grants over time. Think of it like a dedicated piggy bank for giving: you get tax relief when you put money in, can avoid selling appreciated securities and triggering capital gains, and still control the timing and recipients of donations, which affects tax planning, portfolio decisions, and public giving signals.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"These moves were disclosed in a Form 4 insider filing."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transactions did SNDK executive Alper Ilkbahar report?
Alper Ilkbahar reported selling 2,000 shares of Sandisk common stock in open-market transactions and gifting 2,694 shares to a charitable donor advised fund. These moves were disclosed in a Form 4 insider filing.
Are Alper Ilkbahar’s SNDK stock sales classified as open-market transactions?
Yes. The Form 4 identifies the three sale transactions as open-market or private sales, reported under transaction code “S.” Footnotes describe them using weighted average sale prices across multiple individual trades.