Sandisk (SNDK) CTO uses 2,251 shares to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sandisk Corp EVP and Chief Technology Officer Alper Ilkbahar reported a routine tax-withholding share disposition. On the vesting of equity awards, 2,251 shares of common stock were withheld at an indicated price of $913.02 per share to cover tax obligations under Rule 16b-3(e). Following this non‑market transaction, Ilkbahar directly holds 55,811 shares of Sandisk common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ilkbahar Alper
Role
EVP, Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,251 | $913.02 | $2.06M |
Holdings After Transaction:
Common Stock — 55,811 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 2,251 shares
Indicated price per share: $913.02/share
Shares held after transaction: 55,811 shares
+1 more
4 metrics
Tax-withholding shares
2,251 shares
Shares withheld to cover tax obligation on vesting
Indicated price per share
$913.02/share
Value used for tax-withholding disposition
Shares held after transaction
55,811 shares
Direct common stock holdings following withholding
Tax-withholding transactions
1 transaction, 2,251 shares
From transactionSummary taxWithholdingCount and taxWithholdingShares
Key Terms
Rule 16b-3(e), tax obligation, withholding securities
3 terms
Rule 16b-3(e) regulatory
"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 (SNDK) CTO Alper Ilkbahar report?
Alper Ilkbahar reported a tax-related share disposition. Sandisk withheld 2,251 common shares from vested equity at $913.02 per share to cover tax obligations, a non-market event under Rule 16b-3(e), leaving him with 55,811 directly held shares.
Was the Sandisk (SNDK) insider transaction an open-market sale?
No, the transaction was not an open-market sale. Shares were withheld by Sandisk to satisfy Ilkbahar’s tax obligation upon vesting of equity awards under Rule 16b-3(e), meaning no discretionary sale into the market occurred.
What does transaction code F mean in the Sandisk (SNDK) Form 4?
Transaction code F indicates a tax-withholding disposition. In this Sandisk Form 4, 2,251 shares were delivered back to the company at $913.02 per share to pay Ilkbahar’s tax liability when equity awards vested, not a market sale.
How large was the tax-withholding disposition for Sandisk (SNDK) CTO Ilkbahar?
The tax-withholding disposition involved 2,251 common shares at an indicated $913.02 per share. These shares were withheld by Sandisk to satisfy Ilkbahar’s tax obligation on vested equity awards, as described under Rule 16b-3(e) in the filing footnote.