Form 4: Smart Sand CFO Lee E. Beckelman Reports Stock Disposal for Tax Obligations

Lee E. Beckelman, CFO of Smart Sand, Inc., disposed of 3,321 shares of common stock on March 17, 2025, to cover tax obligations related to vesting restricted stock.

Summary

• On March 17, 2025, Lee E. Beckelman, the Chief Financial Officer of Smart Sand, Inc., disposed of 3,321 shares of common stock.
• The transaction was executed at a price of $2.38 per share.
• This disposal was to cover tax obligations arising from the vesting of restricted stock.
• Following the transaction, Beckelman directly owns 760,923 shares of Smart Sand, Inc.
• The reporting person's continued employment with or service to the Issuer on the applicable vesting date is the basis for the vesting of restricted stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Smart Sand, SND, Lee E. Beckelman, CFO, Form 4, Stock Disposal, Tax Obligations, Restricted Stock, Beneficial Ownership