Form 4: Smart Sand Executive Vice President Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ronald P. Whelan, Executive Vice President of Sales at Smart Sand, Inc., disposed of 2,614 shares of common stock to cover tax obligations upon the vesting of restricted stock.
Summary
- On June 7, 2024, Ronald P. Whelan, Executive Vice President of Sales at Smart Sand, Inc., disposed of 2,614 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 $2.08 per share.
- Following the transaction, Whelan directly owns 375,384 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock and is a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of transaction: Ronald P. Whelan disposed of 2,614 shares of common stock. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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