Sandisk (SNDK) EVP & CFO Luis Visoso Sells Shares to Cover Taxes

What Happened
Luis Felipe Visoso, Sandisk's EVP & CFO, had a total of 27,244 shares withheld to satisfy tax obligations tied to vested securities. On 2026-08-20, 25,655 shares were withheld at $1,600.62 each ($41,063,906). On 2026-08-21, 1,589 shares were withheld at $1,596.08 each ($2,536,171). Combined value of the withheld shares is approximately $43,600,077. These transactions are tax withholdings (not open-market sales for investment purposes).

Key Details

• Transaction dates and amounts:
  • 2026-08-20: 25,655 shares @ $1,600.62 = $41,063,906 (withheld)
  • 2026-08-21: 1,589 shares @ $1,596.08 = $2,536,171 (withheld)
• Total shares withheld: 27,244; total value ≈ $43.6M.
• Shares owned after transaction: not specified in the Form 4 provided.
• Footnote: F1 — payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
• Filing timeliness: Form filed 2026-08-24 covering transactions on 8/20–8/21; this appears to be within the two-business-day Form 4 filing window (timely).

Context
These were shares withheld to cover tax liabilities arising from vested awards (a routine corporate action), not an open-market sale signaling a trading decision. For retail investors, tax-withholding dispositions are common and generally reflect required tax payments rather than a change in the insider’s view on the company.