Goeckeler David 4

What Happened

• David Goeckeler, Chairman and CEO (also a director) of Sandisk Corp (SNDK), had 1,569 shares disposed/withheld on 2026-05-25 to satisfy a tax obligation tied to the vesting of securities. The withholding value was 1,569 shares × $1,478.69 = $2,320,065.

Key Details

• Transaction date: 2026-05-25; Filing date: 2026-05-27 (filed within the typical 2-business-day window).
• Price used for withholding: $1,478.69 per share.
• Shares withheld/disposed: 1,569; reported value: $2,320,065.
• Shares owned after the transaction: not stated in this Form 4 filing.
• Footnote: F1 — payment of tax obligation by withholding securities incident to vesting, in accordance with Rule 16b-3(e). Transaction code: F (tax withholding).
• This was not an open-market sale; the company withheld shares to satisfy taxes rather than the insider selling shares on the market.

Context

• Share withholding to cover taxes on vested awards is a common, routine administrative action and does not necessarily reflect a change in the insider’s view of the company. It’s effectively a cashless method of satisfying tax obligations tied to equity compensation.