Sandisk (SNDK) CEO Goeckeler covers tax bill with 2,331 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sandisk Corp Chairman and CEO David Goeckeler reported routine tax-withholding share dispositions tied to equity vesting. On May 21, he had 1,032 Common Stock shares withheld at $1,542.24 per share to cover tax obligations. On May 20, an additional 1,299 shares were withheld at $1,392.56 per share for the same purpose, under Rule 16b-3(e). After these transactions, he directly holds 511,472 Common Stock shares, indicating these are minor, non‑market dispositions rather than open‑market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Goeckeler David
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,032 | $1,542.24 | $1.59M |
| Tax Withholding | Common Stock | 1,299 | $1,392.56 | $1.81M |
Holdings After Transaction:
Common Stock — 511,472 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares May 21: 1,032 shares
Tax-withheld shares May 20: 1,299 shares
Total tax-withheld shares: 2,331 shares
+3 more
6 metrics
Tax-withheld shares May 21
1,032 shares
Common Stock withheld for tax at $1,542.24 per share
Tax-withheld shares May 20
1,299 shares
Common Stock withheld for tax at $1,392.56 per share
Total tax-withheld shares
2,331 shares
Sum of F-code tax-withholding dispositions
Post-transaction holdings
511,472 shares
Common Stock directly held after May 21 transaction
Withholding price May 21
$1,542.24/share
Value used for 1,032 withheld shares
Withholding price May 20
$1,392.56/share
Value used for 1,299 withheld shares
Key Terms
tax-withholding disposition, Rule 16b-3(e), Common Stock
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for both Common Stock entries"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Rule 16b-3(e) regulatory
"Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e)."
Common Stock financial
"security_title: "Common Stock" for each reported transaction"
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 transactions did Sandisk (SNDK) report for David Goeckeler?
Sandisk reported that Chairman and CEO David Goeckeler had 2,331 Common Stock shares withheld to pay tax obligations on vesting equity. These tax-withholding dispositions occurred on May 20 and May 21 and are not open-market stock sales.