Form 4: Smart Sand CEO Charles Edwin Young Reports Stock Transaction
SEC Form 4 Filing
Charles Edwin Young, CEO of Smart Sand, Inc., reports disposition of shares for tax purposes and indirect ownership through Keystone Cranberry, LLC.
Summary
- Charles Edwin Young, the CEO of Smart Sand, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 22, 2025, 18,625 shares of common stock were disposed of at a price of $2.25 per share to cover tax obligations related to vesting restricted stock.
- Following the transaction, Mr. Young directly owns 1,131,728 shares of Smart Sand, Inc.
- Mr. Young also indirectly owns 5,842,700 shares through Keystone Cranberry, LLC, where he holds a 67% membership interest and has sole voting and investment power.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of stock transaction (disposal of shares for tax purposes). |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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