Form 4: SanDisk Director Kimberly Alexy Reports Stock Transactions

Director Kimberly Alexy reports acquisition of restricted stock units and adjustments following Western Digital spin-off.

Summary

• Kimberly Alexy, a director of SanDisk Corp, reported transactions involving the company's common stock.
• On March 3, 2025, Alexy acquired 4,148 shares through the grant of restricted stock units (RSUs) at a price of $0.
• Each RSU represents a contingent right to receive one share of SanDisk's common stock.
• Following the transaction, Alexy directly owns 5,401 shares of common stock.
• Alexy also indirectly owns 8,574 shares through a family trust.
• The report also mentions an additional share of SanDisk restricted stock unit received from the spin-off from Western Digital Corporation, as described in the Issuer's current report on Form 8-K filed on February 24, 2025.
• An adjustment was needed due to a conversion rounding calculation difference.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The spin-off from Western Digital is a significant event that may have broader implications for the industry.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.

Key Dates