05:22 PM EDT, 06/04/2025 (MT Newswires) -- Sandisk ( SNDK ) reported late Wednesday the launch of a secondary offering of 17 million shares owned by Western Digital ( WDC ) , the company's former parent.

The company said it is not selling shares in the offering and will not receive any proceeds from the sale.

The underwriters have been granted an option to purchase up to 2.6 million additional shares of Sandisk ( SNDK ) common stock.

Sandisk ( SNDK ) shares fell 2.6% in after-hours activity Wednesday.