Sandisk insider withholds 1,283 shares for taxes
Sandisk’s chief accounting officer had shares withheld to cover taxes on vested equity, leaving him with a reported 21,092 common shares.
Rhea-AI Filing Summary
Sandisk Corp (SNDK) reported that officer Michael Pokorny, Vice President and Chief Accounting Officer, had 1,283 shares of common stock withheld on September 3, 2026 to pay a tax obligation related to vesting equity, as permitted under Rule 16b-3(e). After this tax-withholding disposition, he directly holds 21,092 shares of Sandisk common stock. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Tax Withholding: 1,283 shares
Tax Withholding
1 txn
Insider
Pokorny Michael
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,283 | $1,554.99 | $2.00M |
Holdings After Transaction:
Common Stock — 21,092 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 withheld for taxes: 1,283 shares
Reported price per share: 1,554.99
Shares held after transaction: 21,092 shares
3 metrics
Shares withheld for taxes
1,283 shares
Tax-withholding disposition on September 3, 2026
Reported price per share
1,554.99
Per-share figure for the 1,283 withheld shares on September 3, 2026
Shares held after transaction
21,092 shares
Direct holdings of Sandisk common stock after the reported disposition
Key Terms
Rule 16b-3(e), tax obligation, withholding securities
3 terms
Rule 16b-3(e) regulatory
"withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e)"
tax obligation financial
"Payment of tax obligation by withholding securities incident to the vesting"
withholding securities financial
"Payment of tax obligation by withholding securities incident to the vesting"
FAQ
What insider transaction did Sandisk Corp (SNDK) report for Michael Pokorny?
Sandisk reported that Michael Pokorny had 1,283 shares of common stock withheld on September 3, 2026 to pay a tax obligation related to vesting equity, classified as a tax-withholding disposition rather than an open-market sale.
Was the Sandisk (SNDK) insider transaction done under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan for this transaction; the document-level 10b5-1 affirmation box is unchecked.
AI-generated analysis. How Rhea-AI works. Not financial advice.