Sandisk (SNDK) CTO uses 2,251 shares to cover equity award taxes
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
Net Seller: 2,251 shares
Net Sell
1 txn
Insider
Ilkbahar Alper
Role
EVP, Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,251 | $913.02 | $2.06M |
Holdings After Transaction:
Common Stock — 55,811 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
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.