Sandisk Corp (SNDK) legal officer sells 600 shares under 10b5-1 plan
Rhea-AI Filing Summary
Sandisk Corp Chief Legal Officer & Secretary Bernard Shek reported selling 600 shares of common stock on August 3, 2026 at $1,162.16 per share in an open-market or private transaction. The sale was made under a Rule 10b5-1 trading plan adopted March 4, 2026 and left him holding 30,915 shares directly.
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Insider Trade Summary 10b5-1
Net Seller: 600 shares
Net Sell
1 txn
Insider
Shek Bernard
Role
Chief Legal Officer & Secty
Sold
600 shs ($697K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 600 | $1,162.16 | $697K |
Holdings After Transaction:
Common Stock — 30,915 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: $1,162.16 per share
Shares owned after sale: 30,915 shares
+1 more
4 metrics
Shares sold
600 shares
Common stock sale on August 3, 2026
Sale price
$1,162.16 per share
Reported transaction price for common stock
Shares owned after sale
30,915 shares
Direct holdings following the reported transaction
10b5-1 plan adoption date
March 4, 2026
Date Bernard Shek adopted the trading plan governing this sale
Key Terms
Rule 10b5-1 trading plan, open market or private transaction, Chief Legal Officer & Secty
3 terms
Rule 10b5-1 trading plan regulatory
"were effected pursuant to a Rule 10b5-1 trading plan adopted"
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""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sandisk Corp (SNDK) report for Bernard Shek?
Sandisk Corp reported that Chief Legal Officer Bernard Shek sold 600 shares of common stock on August 3, 2026. The transaction was an open-market or private sale executed under a Rule 10b5-1 trading plan he previously adopted.
Was the Sandisk Corp (SNDK) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan. The plan was adopted by Bernard Shek on March 4, 2026, indicating the trade followed a pre-arranged schedule.
What is Bernard Shek’s role at Sandisk Corp (SNDK) in this Form 4?
In this Form 4, Bernard Shek is identified as Sandisk Corp’s Chief Legal Officer & Secretary. He is not listed as a director or 10% owner, and the reported transaction involves his direct holdings of common stock.