SanDisk Corporation (SNDK) has announced an upcoming stock split. Gate will make related adjustments to spot trading, margin trading, ETF tokens, perpetual futures, stocks, and stock options. Suspension and resumption times vary by product, so please plan your trading accordingly.
Ticker | Corporate Action | Split Ratio |
|---|
SNDK | Stock Split | 8-for-1 |
Margin Trading
Gate will suspend new margin loans and collateralized loans for SNDKG before 08:00 UTC on November 15, 2026.
If you still hold SNDKG in Simple Earn, you can redeem it manually. Any remaining holdings will be redeemed automatically before 01:00 UTC on November 20, 2026.
If you have an outstanding SNDKG loan in the lending market, please repay it in advance. Otherwise, it will be settled and repaid automatically before 01:00 UTC on November 20, 2026.
Spot Trading
At 01:00 UTC on November 20, 2026, Gate will suspend SNDKG_USDT spot trading. Gate will also stop the related trading bots.
During the suspension, Gate will automatically adjust users' position sizes, prices, and cost basis using the split ratio of the underlying stock. No action is required.
To keep asset balances consistent across services during the split, Gate will remove the affected TokenStocks from those services and transfer the balances to users' Spot Accounts for adjustment.
Gate will cancel affected unfilled spot orders. Once the adjustment is complete, users can place new orders at the adjusted prices and quantities.
Gate expects trading to resume at 14:30 UTC on November 20, 2026, after the asset adjustment is complete. Check follow-up announcements for the exact time.
ETF Tokens
At 01:00 UTC on November 20, 2026, Gate will suspend trading in SNDK3S, SNDK3L, SNDK5S, and SNDK5L, stop the related trading bots, and cancel unfilled orders.
Trading in the affected ETF tokens is expected to resume at 15:00 UTC on November 20, 2026. ETF token prices and holdings will not be rescaled as part of the split.
Perpetual Futures
1. Schedule
Item | Time |
|---|
Expected Trading Suspension and Start of Adjustment | 01:00 UTC on November 20, 2026 |
Trading Resumption Time | The adjustment is expected to be complete at 14:30 UTC on November 20, 2026. Trading will resume as soon as the adjustment is complete. Check the trading page for the exact time. |
Trading in the affected contracts will be suspended during the adjustment. Users will be unable to open or close positions or place, cancel, or modify orders. Funding rate calculations and liquidations will also be suspended. Mark prices and index prices will stop updating. Trading bot strategies for the affected contracts will be terminated and their positions settled. Please manage your position risk in advance.
2. Adjustment Plan
Gate will adjust prices, position sizes, average entry prices, and open orders for the affected contracts in proportion to the underlying stock split ratio. Position direction will stay the same, and account equity will remain unchanged in principle.
Adjustment Item | SNDKUSDT | SNDKUSD1 |
|---|
Mark Price / Index Price | Adjusted to 1/8 of the original price | Adjusted to 1/8 of the original price |
Position Size | Adjusted to 8 times the original size | Adjusted to 8 times the original size |
Notional Position Value | Remains unchanged in principle | Remains unchanged in principle |
Unrealized PnL | Settled based on the pre-adjustment mark price and converted to realized PnL | Settled based on the pre-adjustment mark price and converted to realized PnL |
Average Position Price / Average Entry Price | Recalculated based on the adjusted price | Recalculated based on the adjusted price |
Liquidation Price | Recalculated using the adjusted price and account status | Recalculated using the adjusted price and account status |
Contract Face Value / Multiplier | Unchanged | Unchanged |
Standard Order Price | Adjusted to 1/8 of the original price | Adjusted to 1/8 of the original price |
Standard Order Quantity | Adjusted to 8 times the original quantity | Adjusted to 8 times the original quantity |
Gate will settle affected positions at the pre-adjustment mark price. Unrealized PnL will become realized PnL and be reflected in the account balance. Gate will then recalculate position size, average entry price, liquidation price, and other applicable values using the adjusted mark price and split ratio. For calculation details and examples, see the Help Center article "Rebase Mechanism Explanation".
3. Order Handling
Gate will cancel outstanding take-profit, stop-loss, trigger, conditional, and strategy orders during the adjustment. After trading resumes, check your positions and manually place any conditional orders you still need.
4. Important Notes
At 00:30 UTC on November 20, 2026, Gate will terminate all trading bot strategies for the affected SNDK futures contracts and settle the associated positions. These strategies and positions will not be restored after the split adjustment.
Gate will first close open positions in SNDKUSDT and SNDKUSD1. Once the positions are closed, unrealized PnL will become realized PnL and be reflected in the account balance, regardless of position mode. After the adjustment, Gate will restore positions using the adjusted sizes, entry prices, and other applicable terms.
The adjustment is designed to be value-neutral. Notional position value and account equity should remain unchanged in principle, although tick size, quantity precision, and rounding may cause minor differences.
Mark prices and index prices will stop updating during the adjustment, which is expected to finish at 14:30 UTC on November 20, 2026. When trading resumes, the opening price of the affected perpetual futures may differ from the adjusted mark price. Review your position risk in advance to prepare for possible price fluctuations. After trading resumes, verify your position size, average entry price, liquidation price, and open orders. Reset any conditional orders you still need, including take-profit and stop-loss orders.
Stock perpetual futures are derivatives settled in USDT or USD1. The adjustment does not give users ownership of the underlying stocks, ETF shares, or other shareholder rights.
Stocks
At 06:00 UTC on November 20, 2026, Gate will suspend SNDK stock trading and cancel all unfilled orders. Gate will process the split automatically and adjust the number of shares you hold and your cost basis in proportion to the split ratio.
SNDK stock is scheduled to resume trading at the adjusted price at 08:00 UTC on November 20, 2026, subject to the start of the pre-market session. The actual time may vary. Check the platform for the confirmed resumption time.
If you hold SNDK-related positions, please plan your trades in advance.
Stock Options
1. Adjustment Schedule
Gate will adjust prices, position sizes, average entry prices, and open orders for the affected options contracts in proportion to the underlying stock split ratio. Position direction will stay the same, and account equity will remain unchanged in principle. See the adjustment details below.
Adjustment Item | Adjustment Plan |
|---|
Contract Name | Unchanged. No adjusted contracts will be created |
Position Size (Contracts) | Adjusted to 8 times the original contract count |
Strike Price | Adjusted to 1/8 of the original strike price |
Shares per Contract (Deliverable) | Unchanged at 100 shares |
Premium Multiplier | Unchanged at 100 |
Position Cost / Average Entry Price | Cost per contract reduced to 1/8 of the original. Total cost carried over in full |
Unrealized PnL | Cost and market value carried over at the same ratio |
Option Mark Price / Market Data | Theoretical value after adjustment is 1/8 of the original price |
Unfilled Orders (Including Conditional Orders) | All orders canceled during the pre-market adjustment on the effective date |
Margin Used | Recalculated for each contract using the new contract count and strike price |
Effective Date | 14:30 UTC on November 20, 2026 |
2. Order Handling
To prevent unintended fills after the split changes prices and quantities, Gate will cancel all unfilled SNDK options orders, including conditional orders, before the adjustment takes effect. If you still wish to trade, place new orders at the adjusted prices and quantities once the adjustment is complete. Thank you for your understanding.
3. Exercise and Assignment When the Split Takes Effect on Expiration Day
Gate may change when trading resumes based on market conditions. Check the relevant trading pages for the latest times. In exceptional circumstances, Gate may change, delay, or cancel these arrangements and will issue a separate announcement.
Gate Team
November 6, 2026
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