Form 4: Smart Sand Executive Reports Routine Stock Disposition for Tax Withholding

Robert Kiszka, Executive VP of Operations at Smart Sand, Inc., reported the disposition of 2,591 shares of common stock for tax withholding purposes related to the vesting of restricted stock.

Summary

• Robert Kiszka, Executive VP of Operations at Smart Sand, Inc. (SND), reported a transaction on June 7, 2025, involving the company's common stock.
• The transaction was a disposition of 2,591 shares, marked with transaction code 'F', indicating shares withheld for tax purposes.
• These shares were withheld upon the vesting of restricted stock previously granted to Mr. Kiszka, based on his continued employment.
• The shares were valued at $1.92 per share for the purpose of this disposition.
• Following this transaction, Mr. Kiszka directly beneficially owns 535,682 shares of Smart Sand Common Stock.
• Additionally, Mr. Kiszka indirectly beneficially owns 448,738 shares through a limited liability company (LLC) where he serves as the sole member with sole voting and investment control, though he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The transaction is an administrative disposition of shares for tax purposes upon vesting of restricted stock, which is a routine event for executive compensation and does not indicate a change in investment sentiment by the insider. It is neutral to slightly positive as it confirms the vesting of equity.

Positives

• The transaction confirms the vesting of restricted stock, indicating the executive's continued employment and the fulfillment of performance or time-based conditions for equity compensation.

Negatives

• A reduction of 2,591 shares from the executive's direct beneficial ownership, although this was for tax withholding purposes and not a discretionary sale.

Future Outlook

This Form 4 filing is a report of an individual insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report specific to an individual executive's equity compensation and does not provide insights into broader industry trends or competitive dynamics.

Related Party Transactions

• Indirect beneficial ownership of 448,738 shares through a limited liability company (LLC) where the reporting person serves as the sole member with sole voting and investment control. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders: This is a routine administrative transaction for tax purposes and is unlikely to have a significant direct impact on the company's share price or operations. It confirms the executive's continued equity interest in the company.

Key Dates

Keywords

Smart Sand, SND, Form 4, insider transaction, stock disposition, restricted stock, tax withholding, executive compensation, Robert Kiszka