Form 4: Smart Sand Executive Ronald Whelan Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Ronald Whelan, Executive Vice President of Sales at Smart Sand, Inc., disposed of 5,080 shares of common stock to cover tax obligations upon the vesting of restricted stock.
Summary
- On July 30, 2024, Ronald P. Whelan, Executive Vice President of Sales at Smart Sand, Inc., disposed of 5,080 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 $2.09 per share.
- Following the transaction, Whelan directly owns 370,304 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (disposal of shares for tax purposes) and doesn't inherently indicate positive or negative sentiment regarding the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small percentage of Whelan's total holdings.
Key Dates
| Date | Description |
|---|---|
| 07/30/2024 | Date of transaction: Ronald Whelan disposed of shares for tax purposes. |
| 08/01/2024 | Date of signature on the Form 4 filing. |
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