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

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

Summary

• On February 22, 2025, James Douglas Young, an executive at Smart Sand, Inc., disposed of 8,451 shares of common stock.
• The shares were withheld for tax purposes related to the vesting of restricted stock.
• The transaction was executed at a price of $2.25 per share.
• Following the transaction, Young directly owns 273,656 shares of Smart Sand, Inc.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it doesn't necessarily indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions, which can be closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates