Sandisk (SNDK) director Necip Sayiner sells 579 shares, holds 2,900
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sandisk Corp director Necip Sayiner reported an open-market sale of Common Stock. On May 8, 2026, he sold 579 shares at $1503.11 per share. After this transaction, he directly owns 2,900 Sandisk shares, indicating he retains a meaningful ongoing stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 579 shares ($870,301)
Net Sell
1 txn
Insider
Sayiner Necip
Role
null
Sold
579 shs ($870K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 579 | $1,503.11 | $870K |
Holdings After Transaction:
Common Stock — 2,900 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 579 shares
Sale price: $1503.11 per share
Shares owned after sale: 2,900 shares
+1 more
4 metrics
Shares sold
579 shares
Open-market sale of Sandisk Common Stock on May 8, 2026
Sale price
$1503.11 per share
Reported transaction price for the 579 shares sold
Shares owned after sale
2,900 shares
Direct holdings following the May 8, 2026 transaction
Net share change
-579 shares
Net result of reported Form 4 transactions
Key Terms
open-market sale, Common Stock, non-derivative, Form 4
4 terms
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.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
non-derivative financial
"transaction_type: "non-derivative""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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 did Sandisk (SNDK) director Necip Sayiner report in this Form 4?
Necip Sayiner reported an open-market sale of Sandisk Common Stock. He sold 579 shares on May 8, 2026 at $1503.11 per share, and after the transaction he directly holds 2,900 shares in the company.
Was Necip Sayiner’s Sandisk (SNDK) transaction an open-market sale?
Yes. The Form 4 describes the transaction as an open-market sale of non-derivative Sandisk Common Stock, coded “S” and labeled as a sale in open market or private transaction at $1503.11 per share.
Does this Sandisk (SNDK) Form 4 show any option exercises or derivative trades?
No. The Form 4 only reports a non-derivative transaction in Common Stock. The derivative summary section is empty, indicating no option exercises, conversions, or other derivative transactions in this particular filing.