Sandisk (SNDK) Insider Tax-Withholding Sale: 32,007 Shares Disposed
Rhea-AI Filing Summary
Sandisk Corp (SNDK) insider Luis F. Visoso, EVP and CFO, reported sales of common stock to satisfy tax withholding on vested shares. On 08/20/2025 he disposed of 25,654 shares at $44.40 and on 08/21/2025 he disposed of 6,353 shares at $45.50, for a total of 32,007 shares sold. After these transactions he beneficially owned 122,738 shares, held directly. The filings indicate the disposals were executed as tax-withholding in accordance with Rule 16b-3(e) and the Form 4 was signed by an attorney-in-fact on behalf of Mr. Visoso on 08/22/2025.
Positive
- Transactions were reported and executed under Rule 16b-3(e), indicating compliance with tax-withholding and insider reporting procedures
- Form 4 was properly signed by an attorney-in-fact, showing procedural completion of required disclosure
Negative
- Insider disposed of 32,007 shares (25,654 on 08/20/2025 at $44.40 and 6,353 on 08/21/2025 at $45.50), reducing direct ownership
- No additional context about the proportion of total outstanding shares is provided, so market impact cannot be assessed from this filing alone
Insights
TL;DR Insider sold 32,007 shares via tax-withholding; remaining direct ownership is 122,738 shares.
The Form 4 discloses routine disposals tied to tax withholding upon vesting, not open-market selling for cash generation. Transaction codes show these were dispositions under Rule 16b-3(e), which typically signal compliance with executive compensation tax procedures rather than a change in insider conviction. The dates, unit prices and resulting share count are clearly stated, enabling precise calculation of shares removed from direct beneficial ownership.
TL;DR Filings reflect compliance with equity compensation mechanics; no new governance events disclosed.
The report identifies Luis F. Visoso as EVP and CFO and shows the transactions were performed to satisfy tax obligations, a common post-vesting action. There is no indication of additional derivatives, pledging, or change in role. From a governance standpoint, the form documents proper reporting and signature by an authorized attorney-in-fact, which supports procedural compliance.