Pokorny Michael 4

What Happened
Michael Pokorny, Vice President and Chief Accounting Officer of Sandisk Corp (SNDK), had 1,429 shares withheld to satisfy tax obligations related to vesting. The withholding was recorded at $1,562.34 per share, for a total value of $2,232,584. This is a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-05-09; Filing date (Form 4): 2026-05-11.
• Shares withheld/disposed: 1,429 shares at $1,562.34 per share. Total value: $2,232,584.
• Transaction code: F — payment of tax obligation by withholding securities incident to vesting (footnote F1).
• Shares owned after transaction: not specified in the provided filing excerpt.
• No late-filing indicator shown in the provided data (filing appears to have been made on 2026-05-11 for the 2026-05-09 transaction).

Context
Withholding shares to cover taxes is a routine administrative step when restricted stock or similar awards vest; it typically does not signal a directional view by the insider. Transaction code F denotes that shares were surrendered to satisfy tax withholding requirements under Rule 16b-3(e), not an active sale or purchase by the insider.