Form 4: SanDisk Executive Bernard Shek Reports Tax Obligation Fulfillment Through Stock Withholding

Bernard Shek, Chief Legal Officer & Secretary of SanDisk, reports fulfilling a tax obligation by withholding 76 shares of common stock.

Summary

• On May 20, 2025, Bernard Shek, Chief Legal Officer & Secretary of SanDisk, fulfilled a tax obligation by withholding 76 shares of common stock.
• The shares were withheld at a price of $40.18 per share.
• Following the transaction, Shek directly owns 17,837 shares of SanDisk common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. There is no inherent positive or negative sentiment associated with it.

Industry Context

This is a routine Form 4 filing, reflecting an insider's transaction related to tax obligations. It's a common practice for executives to use stock withholding to cover taxes associated with vesting equity.

Comparison to Industry Standards

• Stock withholding for tax obligations is a standard practice across publicly traded companies.
• Executives at companies like Intel, Micron, and Western Digital routinely use similar mechanisms to manage their tax liabilities related to equity compensation.
• The specific number of shares withheld and the price per share are dependent on the individual's tax situation and the company's stock price at the time of vesting.

Stakeholder Impact

• The transaction has minimal impact on stakeholders as it is a routine tax-related stock withholding.

Key Dates

Keywords

Form 4, SanDisk, Bernard Shek, Stock Withholding, Tax Obligation, Insider Trading