Form 4: Smart Sand CFO Lee E. Beckelman Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Lee E. Beckelman, CFO of Smart Sand, Inc., disposed of 6,453 shares of common stock on July 30, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On July 30, 2024, Lee E. Beckelman, the Chief Financial Officer of Smart Sand, Inc., disposed of 6,453 shares of the company's common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock.
- The shares were disposed of at a price of $2.09 per share.
- Following the transaction, Beckelman directly owns 626,076 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
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
| Date | Description |
|---|---|
| 07/30/2024 | Date of stock disposal transaction |
| 08/01/2024 | Date of signature on the Form 4 filing |
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