Sandisk Corp CTO Alper Ilkbahar Disposes Shares for Tax Withholding and Under 10b5-1 Plan
Sandisk Corp
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Filing Summary
š Insider Transaction Analysis - Sandisk Corp ($SNDK)
Insider: Alper Ilkbahar (EVP & Chief Technology Officer)
Transaction Date: September 3, 2026
Action: Disposition (Sale / Tax Withholding)
Shares Transacted: 3,644 Common Shares
⢠400 shares sold via Rule 10b5-1 plan ($625.56K total)
⢠3,244 shares withheld for tax obligations ($5.04M total)
Average Realized Price: ~$1,555.97 per share
Total Transaction Value: $5,669,944.80
Shares Remaining: 40,490 shares
Significance: Low (Routine 10b5-1 pre-scheduled sales and vesting-related tax withholding).
Comprehensive Analysis
Overview & Context
On September 3, 2026, Alper Ilkbahar, Executive Vice President and Chief Technology Officer of Sandisk Corp ($SNDK), executed multiple non-derivative transactions resulting in the aggregate disposition of 3,644 shares of Common Stock with a combined value of approximately $5.67 million.
Transaction Breakdown
-
Rule 10b5-1 Plan Sales:
- 120 shares sold at a weighted average price of $1,561.69
- 200 shares sold at a weighted average price of $1,563.684
- 40 shares sold at $1564.40
- 40 shares sold at a weighted average price of $1,571.041
- Subtotal: 400 shares for gross proceeds of $625,557.24 pursuant to a Rule 10b5-1 plan established on June 4, 2026.
-
Tax Withholding (Code F):
- 3,244 shares withheld at $1,554.99 per share ($5,044,387.56) to satisfy tax withholding obligations triggered by equity vesting under Rule 16b-3(e).
Holdings & Market Impact
- Post-Transaction Holdings: 40,490 directly held shares.
- Significance Assessment: Low. The vast majority (~89%) of the disposed shares were automatically withheld to cover tax liabilities upon equity award vesting. The remaining 400 shares were executed under a pre-established Rule 10b5-1 trading arrangement.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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