Sandisk (SNDK) EVP & CFO Luis Visoso Withholds 5,838 Shares for Taxes

What Happened
Luis Visoso, EVP & CFO of Sandisk Corp (SNDK), had 5,838 shares withheld to satisfy tax obligations tied to the vesting of equity, a disposition valued at $9,078,032 (5,838 shares × $1,554.99) on September 3, 2026. This was a tax-withholding event (code F), not an open-market sale or a directional purchase.

Key Details

• Transaction date and price: 2026-09-03 — 5,838 shares at $1,554.99 each.
• Total value of shares withheld/disposed: $9,078,032.
• Transaction code: F (payment of tax obligation by withholding securities incident to vesting).
• Footnote: F1 — withholding done in accordance with Rule 16b-3(e).
• Shares owned after transaction: not reported in this filing.
• Filing: Form 4 filed 2026-09-08 (5 days after the transaction), which appears later than the typical 2-business-day Form 4 reporting requirement.

Context

• This was a routine tax-withholding related to vested awards (a cashless-type withholding), meaning shares were retained/forfeited to cover taxes rather than sold on the open market—routinely done and not necessarily a signal of sentiment.
• For retail investors, tax-withholding transactions are administrative and do not carry the same interpretive weight as open-market purchases or deliberate sales.