SCHEDULE 13G/A: BlackRock Discloses 10.9% Passive Stake in Sandisk Corp
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 10.9% beneficial ownership stake in Sandisk Corp's common stock, totaling 15,790,988 shares.
Summary
- BlackRock, Inc. has filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Sandisk Corp.
- As of June 30, 2025, BlackRock, Inc. beneficially owns 15,790,988 shares of Sandisk Corp's Common Stock.
- This aggregate amount represents 10.9% of the class of securities.
- BlackRock, Inc. holds sole voting power over 15,365,803 shares and sole dispositive power over 15,790,988 shares.
- No shared voting or dispositive power is reported.
- The securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Sandisk Corp.
- iShares Core S&P Small-Cap ETF, a subsidiary of BlackRock, Inc., is known to have an interest of more than five percent of the total outstanding common stock of Sandisk Corp.
Sentiment
Score: 7
Explanation: The disclosure of a significant passive stake by a major institutional investor like BlackRock is generally viewed positively, indicating confidence in the company, although the filing itself is purely factual and does not contain performance data.
Positives
- BlackRock, Inc., a major institutional investor, holds a significant 10.9% stake, which can be viewed as a vote of confidence in Sandisk Corp.
- The holding is stated to be for passive investment purposes, indicating no immediate intent to disrupt company operations or control.
Future Outlook
No forward-looking statements or guidance regarding Sandisk Corp's future performance or operations are provided in this ownership disclosure.
Industry Context
This filing reflects a significant passive investment by a major asset manager in a technology company, which is a common occurrence in the financial markets. It does not provide specific insights into broader industry trends beyond the investment itself.
Stakeholder Impact
- Shareholders: The disclosure of a large institutional holding by BlackRock may influence market perception and potentially liquidity for Sandisk Corp's stock.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Previous Power of Attorney date that was revoked. |
| 01/21/2025 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 06/30/2025 | Date of event which required the filing of this statement. |
| 07/17/2025 | Date the Schedule 13G was signed and filed. |
Keywords
BlackRock, Sandisk Corp, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment, SEC Filing, iShares
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