Sandisk Corp (SNDK) insider stock withheld on equity vesting
Rhea-AI Filing Summary
Sandisk Corp (SNDK) reported that Chief Legal Officer & Secretary Bernard Shek had two Form 4 transactions in Common Stock. On August 20 and 21, 2026, a total of 219 shares were disposed of under code F, described as payment of a tax obligation by withholding shares incident to the vesting of equity awards in accordance with Rule 16b-3(e). These are tax-withholding dispositions rather than open-market sales, and no post-transaction holdings are reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 219 shares
Net Sell
2 txns
Insider
Shek Bernard
Role
Chief Legal Officer & Secty
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 108 | $1,596.08 | $172K |
| Tax Withholding | Common Stock F1 | 111 | $1,600.62 | $178K |
Holdings After Transaction:
Common Stock — 30,696 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 (tax withholding) on 2026-08-21: 108 shares of Common Stock
Per-share value on 2026-08-21: $1,596.08 per share
Shares disposed (tax withholding) on 2026-08-20: 111 shares of Common Stock
+2 more
5 metrics
Shares disposed (tax withholding) on 2026-08-21
108 shares of Common Stock
Code F disposition for payment of tax obligation
Per-share value on 2026-08-21
$1,596.08 per share
Used for 108-share tax-withholding disposition
Shares disposed (tax withholding) on 2026-08-20
111 shares of Common Stock
Code F disposition for payment of tax obligation
Per-share value on 2026-08-20
$1,600.62 per share
Used for 111-share tax-withholding disposition
Total shares for payment of tax obligation
219 shares of Common Stock
Sum of two code F dispositions in this Form 4
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"
tax obligation financial
"Payment of tax obligation by withholding securities incident to the vesting"
FAQ
What insider transactions did SNDK report for Bernard Shek in this Form 4?
The Form 4 reports two code F transactions where Bernard Shek disposed of 108 shares on August 21, 2026 and 111 shares on August 20, 2026 of Sandisk Corp Common Stock to satisfy a tax obligation through share withholding.
Were Bernard Shek’s SNDK transactions open-market sales?
No. Both transactions are coded F and footnoted as “payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e),” indicating tax withholding on vesting rather than open-market sales.
Does the Form 4 state Bernard Shek’s SNDK holdings after these transactions?
No. The Form 4 fields for total shares following transaction are blank for both transactions, so this filing does not state Bernard Shek’s post-transaction Common Stock holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.