Form 4: SanDisk Corp Executive Bernard Shek Disposes of Shares to Cover Tax Obligations
SEC Form 4
Chief Legal Officer Bernard Shek disposed of 81 shares of SanDisk Corp stock on March 20, 2025, to cover tax obligations arising from vesting securities.
Summary
- On March 20, 2025, Bernard Shek, Chief Legal Officer & Secretary of SanDisk Corp, disposed of 81 shares of Common Stock.
- The transaction was executed to cover tax obligations related to the vesting of securities, as per Rule 16b-3(e).
- The shares were disposed of at a price of $56.21 per share.
- Following the transaction, Shek directly owns 17,942 shares of SanDisk Corp Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction related to tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/20/2025 | Date of the transaction where 81 shares were disposed of. |
| 03/24/2025 | Date of signature for the Form 4 filing. |
Keywords
SanDisk Corp, Bernard Shek, Form 4, Stock Disposal, Tax Obligations, Rule 16b-3(e), Executive Compensation, Insider Trading
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