Sandisk (NASDAQ: SNDK) legal chief now holds 30,484 shares
Rhea-AI Filing Summary
Sandisk Corp (SNDK) reported that Chief Legal Officer & Secty Bernard Shek had 212 shares of Common Stock disposed of on 2026-08-25 as a payment of tax obligation by withholding securities in connection with vesting, in accordance with Rule 16b-3(e). After this tax-withholding transaction, Shek directly holds 30,484 shares of Sandisk common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 212 shares
Net Sell
1 txn
Insider
Shek Bernard
Role
Chief Legal Officer & Secty
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 212 | $1,480.77 | $314K |
Holdings After Transaction:
Common Stock — 30,484 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 obligation: 212 shares of Common Stock
Transaction price per share: $1480.77 per share
Shares owned after transaction: 30,484 shares of Common Stock
+1 more
4 metrics
Shares disposed for tax obligation
212 shares of Common Stock
Shares withheld on 2026-08-25 to pay tax obligation upon vesting
Transaction price per share
$1480.77 per share
Reported price for the 212 shares used to pay tax obligation
Shares owned after transaction
30,484 shares of Common Stock
Direct ownership by Bernard Shek following the 2026-08-25 transaction
Tax-withholding transactions count
1 transaction
Single Form 4 transaction coded F for tax obligation payment
Key Terms
Rule 16b-3(e), withholding securities, tax obligation, Common Stock
4 terms
Rule 16b-3(e) regulatory
"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"
Common Stock financial
"security_title: Common Stock, transaction_shares: 212.0000"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did SNDK Chief Legal Officer Bernard Shek report?
Bernard Shek reported a disposition of 212 shares of Sandisk (SNDK) Common Stock on 2026-08-25, used to pay a tax obligation by withholding shares upon the vesting of securities under Rule 16b-3(e).
Was the SNDK Form 4 transaction a market sale or tax withholding?
The Form 4 states the transaction was a payment of tax obligation by withholding securities incident to vesting, coded as F, not an open-market sale. It was executed under Rule 16b-3(e) as a tax-withholding disposition.
AI-generated analysis. How Rhea-AI works. Not financial advice.