Form 4: Smart Sand COO's Stock Holdings Adjusted for Tax Purposes Following Restricted Stock Vesting
Insider Transaction Report
Smart Sand, Inc.'s Chief Operating Officer, William John Young, had 3,885 shares of common stock withheld for tax purposes related to the vesting of restricted stock, maintaining a beneficial ownership of 611,260 shares.
Summary
- William John Young, Chief Operating Officer of Smart Sand, Inc. (SND), reported a transaction on June 7, 2025.
- The transaction involved the disposition of 3,885 shares of Smart Sand Common Stock.
- These shares were withheld for tax purposes upon the vesting of restricted stock previously granted to Mr. Young.
- The shares were valued at $1.92 per share for tax withholding.
- Following this transaction, Mr. Young beneficially owns 611,260 shares of Smart Sand Common Stock directly.
Sentiment
Score: 5
Explanation: The document reports a routine administrative transaction (shares withheld for tax upon vesting of restricted stock) and does not contain information that would significantly alter the company's financial outlook or operational status.
Positives
- The transaction represents the vesting of restricted stock, indicating continued employment and alignment of executive interests with shareholder value.
Negatives
- The disposition of shares was solely for tax withholding purposes and does not represent a discretionary sale by the insider.
Related Party Transactions
- The transaction involves the withholding of shares by Smart Sand, Inc. from its Chief Operating Officer, William John Young, for tax purposes related to the vesting of restricted stock, which is a form of executive compensation.
Stakeholder Impact
- Shareholders: No direct impact on company operations or financial performance; reflects standard executive compensation practices.
- Employees: Reflects standard equity compensation practices for executives.
Key Dates
| Date | Description |
|---|---|
| 06/07/2025 | Date of earliest transaction, involving the withholding of shares for tax purposes upon restricted stock vesting. |
| 06/10/2025 | Date the Form 4 filing was signed by the reporting person's attorney-in-fact. |
Keywords
Smart Sand, SND, Form 4, insider transaction, stock ownership, restricted stock, executive compensation, William John Young, Chief Operating Officer
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.