Sandisk’s chief accounting officer sells around $3.5 million worth of company stock.
Sandisk insiders are harvesting gains from a blistering stock rally that has been fueled by artificial-intelligence demand for the company’s memory products.
A filing with the Securities and Exchange Commission shows Chief Accounting Officer Michael Pokorny sold 2,446 shares on Tuesday for $1,426.18 each, or roughly $3.5 million. Following the transaction, Pokorny directly owned 22,375 Sandisk shares, which were valued at just under $31 million based on Thursday’s closing price of $1,382.72.
In a similar move, Necip Sayiner, a company director who also sits on the boards of Rambus and Axcelis Technologies, sold 579 Sandisk shares on May 8. At an average price of $1,503.11, the transaction amounted to $870,300 worth of stock. Sayiner owned 2,900 shares after the sale that were valued at $4 million on Thursday.
Sandisk spun off Western Digital in 2025, more than a decade after Western Digital acquired the company. Shares have rallied 494% this year against a 16% gain for the tech-heavy Nasdaq 100, driven higher by strong fiscal third-quarter earnings and a tide of headlines pointing to sustained demand for memory chips.
The company, which specializes in flash memory products, has seen sales accelerate alongside the buildout of data centers. Amazon.com, Microsoft, Alphabet and Meta Platforms earmarked a combined $700 billion for infrastructure spending in 2026; Sandisk is among the infrastructure providers expected to benefit.
Sandisk typically moves in lockstep with its storage and memory peers that have notched triple-digit gains this year. Shares of Western Digital, hard drive maker Seagate Technology, and memory chip maker Micron Technology have more than doubled in 2026.
Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com