Form 4: Smart Sand Executive James Young Disposes of Shares for Tax Obligations
SEC Form 4
James Douglas Young, Executive Vice President, General Counsel and Secretary of Smart Sand, Inc., disposed of shares to cover tax obligations related to vesting restricted stock.
Summary
- On July 30, 2024, James Douglas Young, an executive at Smart Sand, Inc., disposed of 4,857 shares of common stock to cover tax obligations.
- The shares were disposed of at a price of $2.09 per share.
- Following the transaction, Young directly owns 282,107 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard practice of covering tax obligations related to stock vesting and doesn't inherently indicate positive or negative sentiment about the company's prospects.
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 arising from stock vesting, a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 07/30/2024 | Date of transaction: James Douglas Young disposed of shares. |
| 08/01/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.