Form 8-K · Current Report · Filed 2026-05-14
Sandisk Advises Stockholders to Reject Tutanota's Mini-Tender Offer
Sandisk Corporation has announced that it became aware of an unsolicited 'mini-tender' offer by Tutanota LLC to purchase up to 100,000 shares of its common stock at $1,150.00 per share, which is below the current market price.
- Filer
- SNDK SNDK
- Filed
- Accession
- 0001193125-26-224694
- CIK
- 0002023554
- Signal
- Low impact
- Source
- Official filing on sec.gov ↗
Details
The offer, which represents less than 0.07% of Sandisk's outstanding shares, is not endorsed by Sandisk and the company advises its stockholders to take no action. Stockholders who have already tendered their shares may withdraw them before the offer's expiration on May 20, 2026. Sandisk is not affiliated with Tutanota or the offer.
Items reported
Reported Item
Market reaction
Close before filing
$1,447.23
Next session
-2.7%
Since filing
-16.1%
Latest close
$1,214.83
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from SNDK reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, SNDK insiders reported 20 Form 4 transactions — net selling of $21.9M.
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