Sandisk CEO withholds 10,540 shares for taxes
Sandisk’s CEO had 10,540 shares withheld for taxes upon vesting and now holds 447,248 shares directly.
Rhea-AI Filing Summary
Sandisk Corp (SNDK) reported that Chairman & CEO David Goeckeler had shares withheld on September 3, 2026 to satisfy tax obligations related to vesting equity awards. The transaction involved 10,540 shares of common stock treated as a disposition for tax withholding purposes and was carried out by the company under Rule 16b-3(e).
After this tax-withholding transaction, Goeckeler continues to hold 447,248 shares of Sandisk common stock directly. No open-market purchase or sale of shares is reported, and no Rule 10b5-1 trading plan is indicated.
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Insights
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Insider Trade Summary
Tax Withholding: 10,540 shares
Tax Withholding
1 txn
Insider
Goeckeler David
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 10,540 | $1,554.99 | $16.39M |
Holdings After Transaction:
Common Stock — 447,248 shares (Direct)
Footnotes (1)
- F1. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
Key Figures
Shares withheld for tax: 10,540 shares
Reported price per share: $1,554.99 per share
Shares held after transaction: 447,248 shares
+1 more
4 metrics
Shares withheld for tax
10,540 shares
Shares of Sandisk common stock withheld on September 3, 2026 for tax obligation
Reported price per share
$1,554.99 per share
Valuation used for the 10,540 withheld shares in the tax-withholding transaction
Shares held after transaction
447,248 shares
Direct holdings of Sandisk common stock by David Goeckeler following the withholding
Tax-withholding disposition shares
10,540 shares
Code F transaction classified as payment of tax liability by withholding securities
Key Terms
withholding securities, Rule 16b-3(e), tax obligation, vesting of securities
4 terms
withholding securities financial
"Payment of tax obligation by withholding securities incident to the vesting"
Rule 16b-3(e) regulatory
"incident to the vesting of securities in accordance with Rule 16b-3(e)"
tax obligation financial
"Payment of tax obligation by withholding securities incident to the vesting"
vesting of securities financial
"withholding securities incident to the vesting of securities in accordance"
FAQ
What insider transaction did Sandisk Corp (SNDK) report for CEO David Goeckeler?
The filing reports that David Goeckeler had 10,540 shares of Sandisk common stock withheld on September 3, 2026 to pay a tax obligation arising from the vesting of equity awards, treated as a disposition for tax-withholding purposes, not an open-market trade.
Was the Sandisk (SNDK) CEO’s Form 4 transaction an open-market sale or purchase?
No. The reported Form 4 transaction is described as payment of tax liability by delivering or withholding securities incident to the vesting of securities. It does not represent an open-market sale or purchase of Sandisk shares.
Was Sandisk (SNDK) CEO’s tax-withholding transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and the footnote only states that the withholding was incident to vesting under Rule 16b-3(e). It does not indicate that the transaction was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.