SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 10.6% Passive Stake in SanDisk Corp
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have reported a combined beneficial ownership of 10.6% of SanDisk Corp's common stock as of February 28, 2025, held for investment purposes.
Summary
- FMR LLC and Abigail P. Johnson collectively reported beneficial ownership of 12,263,599.73 shares of SanDisk Corp's common stock.
- This ownership represents 10.6% of the total outstanding common stock of SanDisk Corp.
- FMR LLC holds sole voting power over 11,733,189.79 shares and sole dispositive power over 12,263,599.73 shares.
- Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to beneficially own the same aggregate amount of shares (12,263,599.73) with sole dispositive power.
- The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of SanDisk Corp.
- FMR LLC is classified as a parent holding company, with various subsidiaries identified as investment advisers and banks, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a passive ownership stake, not indicative of positive or negative performance or strategic changes for the issuer.
Positives
- The disclosure of a significant 10.6% stake by a major institutional investor like FMR LLC and its principal, Abigail P. Johnson, can be viewed as a vote of confidence in SanDisk Corp's long-term prospects.
- The passive nature of the investment, as certified by the filers, indicates that the stake is held for investment purposes without intent to influence control, which can provide stability.
Future Outlook
NA
Industry Context
NA
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 02/28/2025 | Date of event which requires the filing of this statement (calculation date for beneficial ownership). |
| 03/06/2025 | Filing date of the Schedule 13G statement. |
Keywords
SanDisk Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Institutional Investor, SEC Filing
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