Form 4: Smart Sand Executive Sells Shares for Tax

Smart Sand's Executive VP of Operations, Robert Kiszka, disposed of 2,591 shares of common stock for tax purposes related to restricted stock vesting.

Summary

• Robert Kiszka, Executive VP of Operations at Smart Sand, Inc. (SND), reported a transaction on March 17, 2026.
• The transaction involved the disposition of 2,591 shares of Smart Sand common stock.
• These shares were withheld for tax purposes upon the vesting of restricted stock granted to Mr. Kiszka.
• The price per share for the withheld shares was $4.08.
• Following this transaction, Mr. Kiszka directly beneficially owns 542,191 shares.
• Mr. Kiszka also 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.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative transaction related to executive compensation, with no direct positive or negative implications for the company's operational or financial performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Smart Sand, Inc.'s future outlook.

Industry Context

StockSavvy.ai notes that this is a routine administrative event for executives whose restricted stock awards vest, often leading to a portion of shares being sold or withheld to cover tax obligations. Such transactions are common across all industries for executives receiving equity compensation.

Comparison to Industry Standards

• This type of transaction (shares withheld for tax upon restricted stock vesting) is a standard practice for executives in publicly traded companies across various sectors, including energy and industrials, where equity compensation is a significant component of remuneration.
• Companies like U.S. Silica Holdings (SLCA) or Covia Holdings (CVIA), which operate in similar or related industries, would typically see similar Form 4 filings for their executives upon restricted stock vesting events.

Related Party Transactions

• Robert Kiszka indirectly owns 448,738 shares through a limited liability company (LLC) of which he is the sole member with sole voting and investment control. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine transaction related to executive compensation and tax obligations, not indicative of a change in company fundamentals or strategy.
• Employees: No direct impact mentioned.

Key Dates

Keywords

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