Ilkbahar Alper 4

What Happened

• Ilkbahar Alper, Executive Vice President and Chief Technology Officer at Sandisk (SNDK), had company shares withheld to satisfy tax obligations tied to vesting of equity awards. Two withholding transactions on May 20–21, 2026 disposed of a total of 481 shares for aggregate value of roughly $717,570.
• Details: 162 shares were withheld on 2026-05-20 at an implied price of $1,392.56 ($225,595) and 319 shares were withheld on 2026-05-21 at $1,542.24 ($491,975). These were tax-withholding disposals (transaction code F), not open-market sales.

Key Details

• Transaction dates and amounts:
  • 2026-05-20: 162 shares @ $1,392.56 = $225,595 (withheld)
  • 2026-05-21: 319 shares @ $1,542.24 = $491,975 (withheld)
• Total shares withheld: 481; total value ≈ $717,570.
• Filing: Form 4 filed 2026-05-22 (appears timely relative to the reported dates).
• Footnote: F1 — payment of tax obligation by withholding securities incident to vesting under Rule 16b-3(e).
• Shares owned after the transactions: not specified in the provided filing details.

Context

• This was a routine tax-withholding action tied to vesting of awards (a common administrative disposal), not an open-market sale intended to take a market position. Such withholdings are standard and generally do not signal insider confidence or concern by themselves. For derivative events, note that withholding is effectively a cashless way to cover taxes when shares vest.