Sandisk (NASDAQ: SNDK) CEO covers taxes with 2,333 shares
Rhea-AI Filing Summary
Sandisk Corp (SNDK) reported that Chairman and CEO David Goeckeler had two Form 4 transactions in the company’s common stock. On 2026-08-21, 1,033 shares were disposed of at a reported $1,596.08 per share, and on 2026-08-20, 1,300 shares were disposed of at a reported $1,600.62 per share. In both cases, a footnote explains that the shares were withheld to satisfy a tax obligation arising from vesting of equity awards, with the transactions effected by withholding securities in accordance with Rule 16b-3(e), rather than open‑market sales.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 2,333 shares
Net Sell
2 txns
Insider
Goeckeler David
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,033 | $1,596.08 | $1.65M |
| Tax Withholding | Common Stock F1 | 1,300 | $1,600.62 | $2.08M |
Holdings After Transaction:
Common Stock — 507,570 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 disposed for tax withholding (2026-08-21): 1,033 shares of Common Stock
Per-share value (2026-08-21 transaction): $1,596.08 per share
Shares disposed for tax withholding (2026-08-20): 1,300 shares of Common Stock
+2 more
5 metrics
Shares disposed for tax withholding (2026-08-21)
1,033 shares of Common Stock
Code F transaction; payment of tax obligation by withholding securities
Per-share value (2026-08-21 transaction)
$1,596.08 per share
Applied to 1,033 shares of Common Stock withheld for taxes
Shares disposed for tax withholding (2026-08-20)
1,300 shares of Common Stock
Code F transaction; payment of tax obligation by withholding securities
Per-share value (2026-08-20 transaction)
$1,600.62 per share
Applied to 1,300 shares of Common Stock withheld for taxes
Total shares withheld for tax obligations
2,333 shares of Common Stock
Sum of two code F transactions reported in transactionSummary
Key Terms
Rule 16b-3(e), withholding securities, tax obligation
3 terms
Rule 16b-3(e) regulatory
"withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e)"
withholding securities financial
"Payment of tax obligation by withholding securities incident to the vesting of securities"
tax obligation financial
"Payment of tax obligation by withholding securities incident to the vesting of securities"
FAQ
What insider transactions did SNDK report for David Goeckeler on this Form 4?
The Form 4 reports two disposals of Sandisk Corp common stock by David Goeckeler: 1,033 shares on 2026-08-21 and 1,300 shares on 2026-08-20, both coded as F transactions related to tax obligations on vesting equity awards.
Were the recent SNDK insider transactions open-market sales?
No. Both transactions are coded F and the footnote states they were payment of tax obligation by withholding securities incident to vesting, under Rule 16b-3(e), not discretionary open‑market sales.
What prices are reported for the SNDK Form 4 tax-withholding transactions?
The Form 4 reports per‑share prices of $1,596.08 for 1,033 shares on 2026-08-21 and $1,600.62 for 1,300 shares on 2026-08-20, with both values applying to Sandisk Corp common stock withheld for tax obligations.
Does the SNDK Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The Form 4 data indicate the Rule 10b5‑1 checkbox is not affirmed (false), and the footnote only describes tax-withholding under Rule 16b-3(e), with no reference to a Rule 10b5‑1 trading plan.
What role does David Goeckeler hold at SNDK in this Form 4?
David Goeckeler is identified as both a director and an officer of Sandisk Corp, with the officer title given as Chairman and CEO in the Form 4 reporting these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.