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Market Information for Common Stock
−Removed: Our common stock is listed on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “SDNK”.
+Added: Our common stock is listed on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “SNDK”.
The approximate number of holders of record of our common stock as of August 7, 2026 was 647.
We do not currently intend to pay any cash dividends in the foreseeable future.
−Removed: We currently intend to retain all available funds and future earnings, if any, for the operation of our business and to strengthen our financial position and flexibility.
+Added: Issuer Purchases of Equity Securities
+Added: The following table provides information about our repurchases of common stock during the quarter ended July 3, 2026:
+Added: Total Number of Shares Purchased Average Price Paid per Share (1)
+Added: Total Number of Shares Purchased As Part of Publicly Announced Program (2)
+Added: Maximum Value of Shares that May Yet be Purchased Under the Program (2)
+Added: 4, 2026 - May 1, 2026 — $ — — $ —
+Added: May 2, 2026 - May 29, 2026 1,717,407 1,419.00 1,717,407 $ 3,569.19
+Added: May 30, 2026 - Jul.
+Added: 3, 2026 1,118,868 1,877.00 1,118,868 $ 1,462.78
+Added: Total for quarter ended Jul.
+Added: 3, 2026 2,836,275 $ 1,600.00 2,836,275
+Added: (1) Includes commissions.
+Added: (2) On April 30, 2026, we announced that our Board of Directors approved a share repurchase program for the repurchase of up to $6.0 billion of our common stock and on August 5, 2026, we announced that our Board of Directors approved an additional share repurchase program for the repurchase of up to $14.0 billion of our common stock (each, a “share repurchase program”).
+Added: There is no expiration date for the share repurchase program.
+Added: Repurchases under the share repurchase program may be made in the open market or in privately negotiated transactions and may be made under a Rule 10b5-1 plan.
+Added: We expect share repurchases to be funded by operating cash flows.
+Added: The amount and timing of share repurchases will depend on market conditions and other relevant factors.
+Added: The Company may suspend or discontinue the share repurchase program at any time.
+Added: Restricted Stock Unit Share Withholding
+Added: We withhold shares of our common stock associated with net share settlements to cover tax withholding obligations of restricted stock unit awards under our employee equity incentive program.
+Added: During fiscal year 2026, we withheld approximately 1.0 million shares for a total value of $0.6 billion through net share settlements.
+Added: Refer to Part II, Item 8, Note 12, Shareholders’ Equity of the Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K for further discussion regarding our equity incentive plans.
Stock Performance Graph
−Removed: The following graph compares the cumulative total stockholder return of our common stock with the cumulative total return of the S&P 500 Index and the PHLX Semiconductor Sector (SOX) Index for the year ended June 27, 2025.
−Removed: The graph assumes that $100 was invested in our common stock, and the comparative indices, on February 12, 2025 (the date that the Company’s stock began on a “when-issued” basis), and that all dividends were reinvested.
+Added: The following graph compares the cumulative total stockholder return of our common stock with the cumulative total return of the S&P 500 Index and the PHLX Semiconductor Sector (“SOX”) Index for the year ended July 3, 2026.
+Added: The graph assumes that $100 was invested in our common stock, and the comparative indices, on February 12, 2025 (the date that the Company’s stock began trading on a “when-issued” basis), and that all dividends were reinvested.
Stockholder returns over the indicated period should not be considered indicative of future stockholder returns.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.