Form 4: Smart Sand CFO Lee Beckelman Reports Routine Tax-Related Stock Withholding

Smart Sand, Inc.'s Chief Financial Officer, Lee E. Beckelman, reported the withholding of 3,321 shares of common stock for tax purposes following the vesting of restricted stock.

Summary

• Lee E. Beckelman, Chief Financial Officer of Smart Sand, Inc. (SND), reported a transaction on June 7, 2025.
• The transaction involved the disposition of 3,321 shares of Smart Sand Common Stock at a price of $1.92 per share.
• These shares were withheld for tax purposes upon the vesting of restricted stock previously granted to Mr. Beckelman.
• The vesting of the restricted stock is contingent on Mr. Beckelman's continued employment or service to Smart Sand, Inc.
• Following this transaction, Mr. Beckelman directly beneficially owns 757,602 shares of Smart Sand Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related withholding of shares upon vesting of restricted stock, which is a neutral event and does not indicate discretionary buying or selling activity by the insider.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects standard equity compensation practices for executives.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale indicating a change in confidence.
• Employees: Reflects standard executive compensation practices, which may be part of broader employee incentive programs.

Key Dates

Keywords

Smart Sand, SND, Lee Beckelman, Chief Financial Officer, CFO, Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Equity Compensation