Form 4: Smart Sand CEO Charles Edwin Young Reports Changes in Beneficial Ownership

Charles Edwin Young, CEO of Smart Sand, Inc., reports a transaction involving the withholding of shares for tax purposes and indirect ownership through Keystone Cranberry, LLC.

Summary

• On June 7, 2024, Charles Edwin Young, CEO of Smart Sand, Inc., reported a change in beneficial ownership.
• 5,811 shares of common stock were withheld for tax purposes at a price of $2.08 per share.
• Following the transaction, Mr. Young directly owns 1,161,647 shares of common stock.
• Mr. Young also indirectly owns 5,842,700 shares through Keystone Cranberry, LLC.
• Mr. Young holds 67% of the membership interests in Keystone Cranberry, LLC and has sole voting and investment power over the shares held by Keystone.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it relates to tax withholding on vested shares.

Key Dates