Sandisk Corp CLO Bernard Shek Disposes Shares for Tax Withholding
Sandisk Corp
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Filing Summary
Sandisk Corp ($SNDK) Form 4 Filing Insider: Bernard Shek (Chief Legal Officer and Secty) Transaction: Tax Withholding (Code F) Shares: 322 disposed @ $1,365.38 ($439,652.36) Post-Transaction Ownership: 25,266 shares Significance: Low (Routine tax obligation incident to vesting)
Comprehensive Analysis
Executive Summary
On October 22, 2026, Bernard Shek, Chief Legal Officer and Secretary of Sandisk Corp ($SNDK), reported the disposition of 322 shares of common stock on October 20, 2026. The transaction was executed at a price of $1,365.38 per share, representing a total transaction value of $439,652.36.
Transaction Nature and Impact
- Transaction Code F: The shares were withheld by the issuer to satisfy tax withholding obligations arising from the vesting of equity awards pursuant to Rule 16b-3(e).
- Discretionary Status: This transaction is non-discretionary and does not represent an open-market sale or an active investment decision by the reporting officer.
- Ownership Status: Following the withholding, Bernard Shek continues to hold 25,266 shares of Sandisk Corp common stock directly.
Market and Trading Significance
Because this transaction was purely administrative to cover required statutory tax withholdings incident to equity award vestings, its predictive value regarding the company's operational performance or valuation is considered Low.
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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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