CLO Bernard Shek sells 600 SNDK shares ($1.3M) via 10b5-1 plan; holds 31.5K shares post-sale
Bernard Shek, Chief Legal Officer, sold 600 shares of SanDisk for $1,252,800.00 on 2026-07-01 under a pre-arranged 10b5-1 trading plan adopted on 2026-03-04. This is a scheduled transaction, not a discretionary decision. The sale reduces his holdings from 32.1K to 31.5K shares, a -1.9% reduction. His cross-ticker track record shows only 1 prior open-market sale, offering limited baseline for pattern analysis. At the current price of $1,745.00, the stock is -25.9% from its 52-week high but +148.7% over 90 days and +1.7% over 30 days, indicating recent recovery. The company reported $6.0B quarterly revenue with $3.6B net income, yet was unprofitable on a full-year basis, presenting a mixed fundamental picture. The scheduled nature of this sale under a 10b5-1 plan constrains inference about discretionary conviction or timing intent.