Form 4: Smart Sand Director Andrew R. Speaker Disposes of Shares for Tax Obligations

Andrew R. Speaker, a director and Co-Chairman of Smart Sand, Inc., disposed of 5,530 shares of common stock to cover tax obligations related to the vesting of restricted stock.

Summary

• On August 23, 2024, Andrew R. Speaker, a director and Co-Chairman of the Board of Smart Sand, Inc., disposed of 5,530 shares of common stock.
• The transaction was executed to cover tax obligations arising from the vesting of restricted stock granted to Speaker.
• The shares were disposed of at a price of $2.1 per share.
• Following the transaction, Speaker directly owns 966,368 shares of Smart Sand, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) trade in their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The disposal of shares by a director could have a minor impact on shareholder sentiment, but is likely insignificant given the reason for the transaction.

Key Dates