On October 29, 2026, the Company announced that its Board of Directors approved an eight-for-one forward stock split (the “Stock Split”) of the Company’s common stock, par value $0.01 per share (“Common Stock”). The Stock Split will be effected through an amendment (the “Charter Amendment”) to the Company’s Amended and Restated Certificate of Incorporation. The Charter Amendment, when effected, will proportionately increase the number of authorized shares of the Company’s Common Stock from 450 million to 3.6 billion.

In connection with the Stock Split, each of the Company’s stockholders of record as of the close of business on November 9, 2026 will receive seven additional shares for each share held, which will be issued after market close on Thursday, November 19, 2026. The Company’s Common Stock is expected to begin trading on a post-split basis at the market open on Friday, November 20, 2026 under the Company’s existing trading symbol “SNDK”.

The following table reflects basic and diluted weighted average shares and net income per share on an unaudited pro forma basis, giving effect to the stock split as if it had been effective for all periods presented:


	Pro Forma (Unaudited)
	Three Months Ended
	October 2, 2026		October 3, 2025
	(in millions)
Net income	$	8,101	$	112

Weighted average shares outstanding:
Basic	1,168		1,168
Diluted	1,232		1,192

Net income per common share:
Basic	$	6.94	$	0.10
Diluted	$	6.58	$	0.09