Kimberly Alexy - 21 Feb 2025 Form 4 Insider Report for Sandisk Corp (SNDK)

Role
Director
Signature
/s/ Van Huynh Attorney-in-Fact for Kimberly Alexy
Issuer symbol
SNDK
Transactions as of
21 Feb 2025
Net transactions value
$0
Form type
4
Filing time
25 Feb 2025, 21:40:23 UTC
Previous filing
31 Jan 2025
Next filing
04 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNDK Common Stock Award +8,574 8,574 21 Feb 2025 By Family Trust F1
transaction SNDK Common Stock Award $0 +1,252 $0.000000 1,252 21 Feb 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired these shares of Common Stock in connection with the spin-off from Western Digital Corporation ("WDC") effective February 21, 2025 (the "Spin-Off"), as further described in the Issuer's current report on Form 8-K filed on February 24, 2025, 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 acquisitions were exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act.
F2 In connection with 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.