Sandisk Corp CLO Receives RSU Grant and Settles Tax Withholding

Executive Summary

On September 21, 2026, Sandisk Corp ($SNDK) filed a Form 4 for Bernard Shek, the company's Chief Legal Officer and Secretary. The filing discloses a routine award of restricted stock units (RSUs) and a subsequent share withholding to satisfy tax obligations upon vesting.

Transaction Details

1. Equity Award (September 17, 2026):

   • Transaction Code: A (Grant/Award)
   • Shares Acquired: 1,001 shares of Common Stock (RSUs)
   • Price: $0.00 per share
   • Terms: Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting.

2. Tax Withholding (September 20, 2026):

   • Transaction Code: F (Payment of tax liability by withholding securities)
   • Shares Disposed: 118 shares
   • Price: $1,791.82 per share
   • Total Withholding Value: $211,434.76

Ownership Structure & Market Impact

• Post-Transaction Holdings: 26,188 shares held directly.
• Significance Assessment: Low. The reported transactions represent standard executive compensation events—an annual or periodic grant and mandatory tax withholding pursuant to Rule 16b-3(e)—rather than discretionary open-market buying or selling.