Form 4: Smart Sand CFO Lee Beckelman Reports Routine Stock Disposition for Tax Purposes
Insider Transaction Report
Smart Sand, Inc. Chief Financial Officer Lee E. Beckelman reported the disposition of 6,454 shares of common stock, valued at $2.08 per share, to cover tax obligations related to restricted stock vesting.
Summary
- Lee E. Beckelman, Chief Financial Officer of Smart Sand, Inc. (SND), reported a transaction involving the company's common stock.
- On July 30, 2025, 6,454 shares of Smart Sand, Inc. common stock were disposed of.
- The disposition was for tax purposes, specifically representing shares withheld upon the vesting of restricted stock granted to Mr. Beckelman.
- The shares were valued at $2.08 per share for the purpose of this transaction.
- Following this transaction, Mr. Beckelman beneficially owns 751,148 shares of Smart Sand, Inc. common stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction (shares withheld for tax purposes upon vesting of restricted stock). This type of transaction is a common administrative event related to executive compensation and does not typically indicate positive or negative sentiment regarding the company's performance or outlook.
Positives
- The transaction represents shares withheld for tax purposes upon the vesting of restricted stock, indicating that equity compensation granted to the CFO has vested.
Negatives
- No inherent negatives as the disposition is a routine, non-discretionary event for tax withholding, not a discretionary sale indicating a lack of confidence.
Future Outlook
NA
Industry Context
This is a routine insider transaction filing, common across all publicly traded companies when executives receive and vest equity compensation. It does not reflect broader industry trends.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary transaction related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/30/2025 | Date of transaction where shares were disposed for tax purposes. |
| 07/31/2025 | Date the Form 4 filing was signed and submitted. |
Keywords
Smart Sand, SND, Form 4, Insider Transaction, Lee Beckelman, Chief Financial Officer, CFO, Stock Disposition, Tax Withholding, Restricted Stock, Equity Compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.