February 28, 2025 · Form 4 insider transaction
Suzuki Miyuki bought 5,693 shares of Sandisk Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
In connection with the Spin-Off, each WDC Restricted Stock Unit ("WDC RSU") held by the reporting person immediately prior to the Spin-Off was converted into Sandisk Restricted Stock Unit ("Sandisk RSU") using the Spinco ratio as per the agreement, and shall have substantially the same vesting and other applicable terms and conditions as the corresponding WDC RSUs immediately prior to the Spin-Off.; Includes 4,800 shares of Sandisk Common Stock acquired 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 acquisition was exempt from Section 16 of the Securities Exchange Act of 1934, as amended("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act.