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 4,044 shares of common stock on March 17, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On March 17, 2024, Lee E. Beckelman, the Chief Financial Officer of Smart Sand, Inc., reported a transaction involving the company's common stock.
- Beckelman disposed of 4,044 shares of common stock at a price of $1.9 per share.
- This disposal was due to shares being withheld for tax purposes upon the vesting of restricted stock.
- Following the transaction, Beckelman directly owns 635,850 shares of Smart Sand, Inc.
- The transaction was reported on March 18, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations from vesting restricted stock and doesn't indicate a change in the CFO's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, which is common when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of transaction: Disposal of 4,044 shares of common stock. |
| 03/18/2024 | Date of report filing. |
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