Form 4: Smart Sand Director Andrew R. Speaker Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Andrew R. Speaker, a director at Smart Sand, Inc., disposed of 15,676 shares to cover tax obligations related to vesting restricted stock.
Summary
- On February 22, 2025, Andrew R. Speaker, a director at Smart Sand, Inc., disposed of 15,676 shares of common stock.
- The shares were withheld to cover tax obligations arising from the vesting of restricted stock.
- The transaction was executed at a price of $2.25 per share.
- Following the transaction, Speaker beneficially owns 950,692 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of a transaction related to tax obligations, which is neutral in sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. This filing indicates a transaction related to tax obligations from vested restricted stock, a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of transaction: disposal of shares for tax purposes. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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