[Form 4] Sandisk Corp Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sandisk Corp Chief Legal Officer and Secretary Bernard Shek reported a Form 4 transaction involving 211 shares of common stock on May 25, 2026. These shares were withheld at a price of $1,478.69 per share to satisfy tax obligations connected to vesting securities.
After this tax-withholding disposition, Shek directly held 32,832 shares of Sandisk common stock. The footnote explains that the withholding was a payment of tax obligations incident to vesting, carried out in accordance with Rule 16b-3(e), rather than an open-market sale.
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 | $1,478.69 | $312K |
Holdings After Transaction:
Common Stock — 32,832 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 211 shares
Withholding price per share: $1,478.69 per share
Shares held after transaction: 32,832 shares
3 metrics
Shares withheld for taxes
211 shares
Tax-withholding disposition on May 25, 2026
Withholding price per share
$1,478.69 per share
Price applied to 211 withheld shares
Shares held after transaction
32,832 shares
Direct common stock holdings after tax withholding
Key Terms
tax-withholding disposition, Rule 16b-3(e), Payment of exercise price or tax liability by delivering securities, vesting of securities
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 211-share event"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Rule 16b-3(e) regulatory
"incident to the vesting of securities in accordance with Rule 16b-3(e)"
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
vesting of securities financial
"Payment of tax obligation by withholding securities incident to the vesting of securities"