Sandisk CFO reports tax-withholding share transfer
Sandisk Corp executive vice president and CFO Luis Felipe Visoso reported a tax-related share disposition.
Rhea-AI Filing Summary
Sandisk Corp executive vice president and CFO Luis Felipe Visoso reported a tax-related share disposition. On the transaction date, 1,594 shares of common stock were withheld at $649.97 per share to satisfy tax obligations tied to vesting, leaving him with 166,646 shares owned directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,594 shares
Exercise Price or Tax Liability
1 txn
Insider
Visoso Luis Felipe
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,594 | $649.97 | $1.04M |
Holdings After Transaction:
Common Stock — 166,646 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).
FAQ
What insider transaction did Sandisk (SNDK) report for Luis Felipe Visoso?
Sandisk reported that CFO Luis Felipe Visoso had 1,594 common shares withheld to cover tax obligations upon vesting. The transaction was coded as a tax-withholding disposition under Rule 16b-3(e), not an open-market trade.
Was Luis Felipe Visoso’s Sandisk (SNDK) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition, where 1,594 vested shares were withheld to pay tax obligations under Rule 16b-3(e), rather than sold to third-party buyers.
AI-generated analysis. How Rhea-AI works. Not financial advice.