Alexy Kimberly 4
4 · Sandisk Corp · Filed Feb 25, 2025
Insider Transaction Report
Form 4
Sandisk CorpSNDK
Alexy Kimberly
Director
Transactions
- Award
Common Stock
2025-02-21+1,252→ 1,252 total - Award
Common Stock
2025-02-21+8,574→ 8,574 total(indirect: By Trust)
Footnotes (2)
- [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.