Surging Stock 'SanDisk'... Legal Officer Sells Company Shares Twice in Two Weeks

On June 3 and July 1, 2026, Bernard Chek, Chief Legal Officer and Secretary of SanDisk Corp (Nasdaq: SNDK), sold 600 shares of the company’s common stock on each date under a pre-established Rule 10b5-1 trading plan. The June sale was executed at an average price of about $1,736 per share, totaling roughly $1.04 million (approximately KRW 1.6 billion), while the July sale averaged around $2,088 per share, for about $1.25 million (around KRW 1.9 billion). After these transactions, Chek’s direct holdings dipped slightly from 32,232 shares to 31,515 shares, yet he still maintains a sizable stake valued at several hundred million dollars based on those prices.

Meanwhile, in its fiscal 2026 third-quarter results announced on April 30, SanDisk reported revenue of $5.95 billion and GAAP net income of $3.615 billion—equivalent to approximately KRW 9 trillion and KRW 5 trillion, respectively. In May, the company urged shareholders to reject a mini-tender offer from private equity firm Tutanota, warning that the proposal sought to acquire SanDisk shares at a discounted price. (Source: investor.sandisk.com)

SanDisk, a pure-play NAND flash and data-center storage company spun off from Western Digital, is headquartered in Milpitas, California, and listed on the Nasdaq. Chek has been Chief Legal Officer since February 2025 and, according to regulatory filings, previously oversaw legal and litigation matters at both Western Digital and the former SanDisk. (Source: investor.sandisk.com)