Sandisk (SNDK) CLO covers tax with 211-share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sandisk Corp Chief Legal Officer & Secretary Bernard Shek reported a tax-related share withholding on common stock. On this Form 4, 211 shares were disposed of at $632.38 per share to satisfy tax obligations tied to vesting. After this withholding, Shek directly holds 33,417 shares of Sandisk common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shek Bernard
Role
Chief Legal Officer & Secty
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 211 | $632.38 | $133K |
Holdings After Transaction:
Common Stock — 33,417 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Sandisk (SNDK) report in this Form 4?
Sandisk reported a tax-withholding disposition by Chief Legal Officer Bernard Shek. He had 211 common shares withheld at $632.38 per share to cover taxes on vesting, leaving him with 33,417 directly held shares afterward.
What does transaction code F mean in the Sandisk (SNDK) Form 4?
Transaction code F indicates payment of an exercise price or tax liability using securities. Here, 211 Sandisk common shares were withheld to satisfy tax obligations linked to vesting, consistent with Rule 16b-3(e) treatment of such tax-withholding events.
Who is the insider involved in this Sandisk (SNDK) Form 4 filing?
The insider is Bernard Shek, Sandisk’s Chief Legal Officer & Secretary. He reported a tax-related disposition where 211 common shares were withheld to cover vesting-related tax obligations, leaving him with 33,417 directly owned Sandisk shares afterward.