Form 4: Smart Sand COO William Young Disposes of Shares for Tax Obligations
SEC Form 4 Filing
William Young, Chief Operating Officer of Smart Sand, Inc., disposed of 4,608 shares of common stock on March 17, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On March 17, 2024, William John Young, the Chief Operating Officer of Smart Sand, Inc., disposed of 4,608 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 $1.9.
- Following the transaction, Young directly owns 495,175 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the COO in this case, trade their company's stock. It provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it's a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of transaction: William John Young disposed of 4,608 shares of common stock. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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