Sandisk CFO withholds 5,838 shares for taxes
Sandisk’s EVP & CFO had shares withheld to cover taxes on vesting, and continues to hold a six-figure share position.
Rhea-AI Filing Summary
Sandisk Corp (SNDK) reported an insider Form 4 for EVP & CFO Luis Felipe Visoso. On September 3, 2026, 5,838 shares of common stock were disposed of through share withholding to satisfy a tax obligation incident to vesting under Rule 16b-3(e). After this transaction, Visoso directly owns 131,976 shares of Sandisk common stock. No trades were reported under a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary
Tax Withholding: 5,838 shares
Tax Withholding
1 txn
Insider
Visoso Luis Felipe
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 5,838 | $1,554.99 | $9.08M |
Holdings After Transaction:
Common Stock — 131,976 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 taxes: 5,838 shares
Reported price per share: $1,554.99 per share
Holdings after transaction: 131,976 shares
+1 more
4 metrics
Shares withheld for taxes
5,838 shares
Common stock withheld on September 3, 2026 to satisfy tax obligation
Reported price per share
$1,554.99 per share
Filed as the price for the tax-withholding disposition on September 3, 2026
Holdings after transaction
131,976 shares
Directly owned by Luis Felipe Visoso following the September 3, 2026 transaction
Shares involved in exercise-price-or-tax-liability events
5,838 shares
Total shares reported under code F in the transaction summary
Key Terms
Rule 16b-3(e), tax obligation, withholding securities, Form 4
4 terms
Rule 16b-3(e) regulatory
"withholding securities 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"
withholding securities financial
"Payment of tax obligation by withholding securities incident to the vesting"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Sandisk Corp (SNDK) report for Luis Felipe Visoso?
Sandisk reported that EVP & CFO Luis Felipe Visoso had 5,838 shares of common stock withheld on September 3, 2026 to pay a tax obligation related to vesting, categorized as a disposition under code F.
Was the Sandisk (SNDK) Form 4 transaction by Luis Felipe Visoso a market sale?
No. The Form 4 describes the event as payment of a tax obligation by withholding securities upon vesting under Rule 16b-3(e), not as an open-market sale.
What transaction code is used in this Sandisk (SNDK) Form 4 for Luis Felipe Visoso?
The transaction is reported with code F, which indicates payment of tax liability by delivering or withholding securities in connection with an equity award event.
Was a Rule 10b5-1 trading plan involved in this Sandisk (SNDK) Form 4 transaction?
No. The filing indicates no Rule 10b5-1 trading plan for this transaction; it is characterized instead as tax withholding upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.