SanDisk insiders sell shares after SNDK surges 494% on AI memory demand

SanDisk Corp. insiders sold shares after the stock jumped 494% in 2026, driven by investor demand for memory suppliers tied to artificial intelligence data-center spending, Barron’s reported. Chief Accounting Officer Michael Pokorny sold 2,446 shares on May 12, 2026, at $1,426.18 each, for about $3.5 million, according to filings with the U.S. Securities and Exchange Commission. After the sale, Pokorny directly held 22,375 shares, worth nearly $31 million based on the May 14, 2026, close of $1,382.72. Director Necip Sayiner sold 579 shares on May 8, 2026, at an average price of $1,503.11, for about $870,000. He retained 2,900 shares, valued at roughly $4 million. SanDisk was spun off from Western Digital (WDC) in 2025. Its gain has outpaced the Nasdaq 100’s 16% rise, while peers Western Digital, Seagate Technology (STX) and Micron Technology (MU) have each more than doubled this year.