Goeckeler David 4

What Happened
David Goeckeler, Chairman and CEO of Sandisk Corp (SNDK), had a total of 2,331 shares withheld to satisfy tax obligations tied to vesting. On 2026-05-20, 1,299 shares were withheld at $1,392.56 each (value $1,808,935). On 2026-05-21, 1,032 shares were withheld at $1,542.24 each (value $1,591,592). Combined, about $3,400,527 of shares were surrendered to cover taxes. These transactions reflect tax withholding on vested securities rather than open-market sales or purchases.

Key Details

• Transaction dates and prices:
  • 2026-05-20: 1,299 shares @ $1,392.56 = $1,808,935 (disposed)
  • 2026-05-21: 1,032 shares @ $1,542.24 = $1,591,592 (disposed)
• Total shares withheld: 2,331; total value: $3,400,527.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnote: F1 — Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e). Transaction code F indicates tax withholding.
• Filing: Form 4 filed 2026-05-22 for transactions on 2026-05-20 and 2026-05-21; appears to be filed within the standard Form 4 timing requirements.

Context
Withholding shares to cover taxes is a routine administrative action when restricted stock or other equity awards vest. This is not an open-market sale intended to realize cash proceeds, and it should not be interpreted as a discrete bullish or bearish signal about the company.