SNDK CTO Alper Ilkbahar reports Form 4 tax-share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sandisk Corp (SNDK) executive Alper Ilkbahar reported tax-related share withholding transactions. As EVP and Chief Technology Officer, he had 162 shares of common stock withheld on 11/20/2025 at $195.96 per share and 319 shares withheld on 11/21/2025 at $200.27 per share. These disposals were coded as "F," meaning they were used to pay tax obligations tied to vesting equity awards under Rule 16b-3(e). After these transactions, he beneficially owned 59,945 shares and then 59,626 shares, all held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ilkbahar Alper
Role
EVP, Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 319 | $200.27 | $64K |
| Tax Withholding | Common Stock | 162 | $195.96 | $32K |
Holdings After Transaction:
Common Stock — 59,626 shares (Direct)
Footnotes (1)
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FAQ
What did Sandisk (SNDK) disclose in this Form 4 filing?
The filing reports that Alper Ilkbahar, Sandisk's EVP and Chief Technology Officer, had company shares withheld to cover tax obligations from vesting equity awards.
What does transaction code "F" mean in this Sandisk Form 4?
Transaction code "F" indicates a payment of tax obligation by withholding securities in connection with the vesting of previously granted equity awards, consistent with Rule 16b-3(e).
Is this Sandisk (SNDK) Form 4 filing a sale into the open market?
No. The Form 4 explains that the transactions reflect shares withheld to satisfy tax obligations when equity awards vested, rather than discretionary open-market sales.