Form 4: Smart Sand Executive Vice President Ronald P. Whelan Reports Stock Transaction
SEC Form 4 Filing
Ronald P. Whelan, Executive Vice President of Sales at Smart Sand, Inc., reports the disposal of 3,096 shares of common stock to cover tax obligations upon vesting of restricted stock.
Summary
- On March 17, 2024, Ronald P. Whelan, Executive Vice President of Sales at Smart Sand, Inc. (SND), disposed of 3,096 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of restricted stock.
- The price per share was $1.9.
- Following the transaction, Whelan directly owns 377,998 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of stock transaction: disposal of 3,096 shares for tax obligations. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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