Form 4: Smart Sand COO William Young Disposes of Shares for Tax Obligations
SEC Form 4 Filing
William John Young, Chief Operating Officer of Smart Sand, Inc., disposed of 3,886 shares of common stock on June 7, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On June 7, 2024, William John Young, the Chief Operating Officer of Smart Sand, Inc., disposed of 3,886 shares of 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 $2.08 per share.
- Following the transaction, Young directly owns 491,289 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of transaction: William John Young disposed of 3,886 shares of common stock. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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