SanDisk Legal Chief Sells Shares Worth Over $1 Million

On June 3, Sandisk Corp. (NASDAQ: SNDK) Chief Legal Officer and Secretary Bernard Shek sold 600 shares of common stock at approximately $1,736 per share, generating roughly $1.04 million (about ₩1.4 billion) in proceeds. After this sale, his direct holdings decreased to just over 32,000 shares, valued at approximately $55.9 million (about ₩77 billion) at the same price.

Earlier, on May 25, non-marketable shares held by Shek and Chairman & CEO David Goeckeler were withheld for tax purposes upon vesting. Goeckeler still retains over 500,000 shares, estimated at $75.4 million (around ₩1 trillion).

At the end of February, Sandisk highlighted at the Bernstein TMT Forum its strategy to expand long-term supply agreements with data-center customers and address AI-driven demand with its NAND flash solutions. In its most recent quarter, the company reported significant improvements in both revenue and profitability, unveiling a $6 billion (₩8 trillion) share-repurchase program, $1.9 billion (₩2 trillion) of debt repayments, and a $972 million (₩1 trillion) investment in a DRAM stake in Taiwan’s Nanya Technology.

Sandisk, a Nasdaq-listed computer storage provider, was spun off from Western Digital’s NAND flash and storage business and is pursuing an independent listing in 2025. Headquartered in Milpitas, California, the company is led by Chairman & CEO David Goeckeler—former CEO of Western Digital and ex-head of Cisco’s network and security division—who is positioning Sandisk as a high-performance flash-memory supplier for data-center and AI workloads.