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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 576.01+6.3%Jan 30 3:59 PM EST
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From: Bargain Hunter11/25/2025 6:31:16 PM
2 Recommendations

Recommended By
franklin1
Sam

  Read Replies (2) of 4846
 
As of the end of WDC's Q1 2026 (Oct 3rd), WDC still owned about 7.5M shares of SNDK. They have stated that they intend to dispose of the entire stake by Feb 21, 2026.

In the SNDK stock price gyrations of the last few weeks, there have been a few times when sudden drops could have been related to sales by WDC or its agents.

If WDC sales during Nov reach about 289K, that will drop their holding below 5%.

My understanding (and someone please correct me if I'm wrong) is that:

a) they need to file a 13G within 2 business days of the end of any calendar month in which their holdings change by 5% or more (currently about 275K).

b) after a filing indicating less than 5% ownership, they no longer need to file further 13G forms.

I would think that there would be some benefit to selling enough this month to get below 5% such that in future they would not need to file again, thereby making it a bit harder to guess and front run their strategy. There will, of course, be some disclosure in their Q2 earnings but the numbers would be about a month out of date by then.
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