Sandisk (SNDK) CTO Ilkbahar reports 566-share tax-withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sandisk Corp executive vice president and chief technology officer Alper Ilkbahar reported a small share disposition related to taxes. On this Form 4, 566 shares of common stock were withheld at $632.38 per share to satisfy tax obligations upon vesting. After this tax-withholding transaction, Ilkbahar directly holds 58,062 shares of Sandisk common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ilkbahar Alper
Role
EVP, Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 566 | $632.38 | $358K |
Holdings After Transaction:
Common Stock — 58,062 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Sandisk (SNDK) report for Alper Ilkbahar?
Sandisk reported that EVP and chief technology officer Alper Ilkbahar had 566 shares of common stock withheld to cover tax obligations upon vesting. The transaction is a tax-withholding disposition, not an open-market sale or purchase.
What does transaction code F mean in the Sandisk (SNDK) Form 4?
Transaction code F indicates a payment of tax liability or exercise price by delivering securities. In this case, 566 Sandisk shares were withheld to satisfy tax obligations related to vesting, under Rule 16b-3(e), rather than being sold on the open market.
Was the Sandisk (SNDK) Form 4 transaction an open-market sale by Alper Ilkbahar?
No, the transaction was not an open-market sale. The Form 4 describes a tax-withholding disposition, where 566 shares were withheld to satisfy tax obligations upon vesting, in accordance with Rule 16b-3(e), rather than voluntarily sold in the market.