Form 4: Smart Sand Executive Vice President Ronald P. Whelan Reports Share Disposal for Tax Obligations

Ronald P. Whelan, Executive Vice President of Last Mile Services at Smart Sand, Inc., disposed of 8,776 shares of common stock to cover tax obligations upon vesting of restricted stock.

Summary

• On February 22, 2025, Ronald P. Whelan, an Executive Vice President at Smart Sand, Inc. (SND), reported a transaction involving the disposal of company stock.
• Whelan disposed of 8,776 shares of common stock at a price of $2.25 per share.
• This disposal was executed to cover tax obligations related to the vesting of restricted stock, which was contingent upon Whelan's continued employment with Smart Sand.
• Following the transaction, Whelan directly owns 361,528 shares of Smart Sand, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.

Stakeholder Impact

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

Key Dates