Form 4: Smart Sand EVP Sells Shares for Tax Purposes

Smart Sand, Inc. Executive Vice President Ronald P. Whelan disposed of 8,756 shares of common stock for tax withholding purposes related to restricted stock vesting.

Summary

• Ronald P. Whelan, Executive Vice President of Last Mile Services at Smart Sand, Inc. (SND), reported a transaction on February 22, 2026.
• The transaction involved the disposition of 8,756 shares of Smart Sand, Inc. Common Stock.
• These shares were withheld for tax purposes upon the vesting of restricted stock, which is contingent on Mr. Whelan's continued employment or service to the Issuer.
• The shares were disposed of at a price of $5.25 per share.
• Following this transaction, Mr. Whelan beneficially owns 448,510 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a non-discretionary tax withholding related to executive compensation, not an open market sale reflecting a change in management's investment sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings detailing the disposition of shares for tax withholding upon restricted stock vesting are a routine aspect of executive compensation. Such transactions are non-discretionary and are common across industries as part of long-term incentive plans.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not an indication of management's sentiment towards the stock.

Key Dates

Recommendation

This Form 4 filing reports a routine, non-discretionary disposition of shares for tax withholding purposes related to restricted stock vesting. It does not provide new information that would alter the fundamental investment thesis for Smart Sand, Inc. Therefore, a seasoned investor or institution would likely maintain their current position.

Keywords

Smart Sand, SND, Form 4, Insider Transaction, Executive Compensation, Restricted Stock, Tax Withholding