Form 4: Smart Sand Executive James Young Disposes of Shares for Tax Obligations

James Young, Executive Vice President, General Counsel, and Secretary of Smart Sand, Inc., disposed of shares to cover tax obligations upon the vesting of restricted stock.

Summary

• On June 7, 2024, James Douglas Young, an executive at Smart Sand, Inc., disposed of 2,500 shares of common stock to cover tax obligations.
• The shares were withheld for tax purposes related to the vesting of restricted stock.
• The transaction was executed at a price of $2.08 per share.
• Following the transaction, Young directly owns 286,964 shares of Smart Sand, Inc.
• The reporting person is Executive Vice President, General Counsel and Secretary of the Issuer.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. This filing indicates a routine transaction related to tax obligations upon vesting of restricted stock, which is a common practice.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates