Sandisk (SNDK) CEO David Goeckeler Sells 33,838 Shares

What Happened

• David Goeckeler, Chairman, CEO and Director of Sandisk Corp (SNDK), sold a total of 33,838 shares on September 14, 2026 in multiple open‑market transactions. The disposals totaled approximately $51,700,129. Prices for the individual trades ranged roughly from $1,522.59 to $1,541.88 per share, with a weighted average of about $1,528/share. These were sales (not purchases).

Key Details

• Transaction date: 2026-09-14 (reported on Form 4 filed 2026-09-16).
• Total shares sold: 33,838; total proceeds: ~$51.7 million; weighted average price ≈ $1,528/share; price range ≈ $1,522.59–$1,541.88.
• Shares owned after transaction: Not specified in the information provided in this summary.
• Footnotes: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted May 29, 2026 (prearranged plan). Additional footnotes indicate the reported prices are weighted averages and the filer can provide per‑trade price details on request.
• Timeliness: Filing appears timely (transaction 9/14, Form 4 filed 9/16), within the usual two‑business‑day Form 4 reporting window.
• Transaction code: S = Sale.

Context

• Trades executed under a Rule 10b5‑1 plan are pre‑scheduled and commonly used by executives to sell shares without indicating current insider sentiment; they are generally viewed as routine rather than an immediate negative signal. For retail investors, open‑market purchases by insiders tend to be more directly interpreted as bullish signals.