Form 4: Smart Sand Executive James Douglas Young Reports Stock Disposal for Tax Purposes
SEC Form 4 Filing
James Douglas Young, an executive at Smart Sand, Inc., disposed of shares to cover tax obligations upon the vesting of restricted stock.
Summary
- On March 17, 2024, James Douglas Young, Executive Vice President, General Counsel, and Secretary of Smart Sand, Inc., disposed of 2,981 shares of common stock.
- The disposal was conducted to cover tax obligations related to the vesting of restricted stock.
- The price per share was $1.9.
- Following the transaction, Young directly owns 289,464 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock vests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of stock disposal transaction. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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