Form 4: Smart Sand Executive VP Disposes of Shares for Tax Purposes

Smart Sand, Inc.'s Executive VP of Operations, Robert Kiszka, reported the disposition of 5,034 shares of common stock for tax withholding related to restricted stock vesting.

Summary

• Robert Kiszka, Executive VP of Operations at Smart Sand, Inc. (SND), reported a transaction on July 30, 2025.
• The transaction involved the disposition of 5,034 shares of Common Stock at a price of $2.08 per share.
• These shares were withheld for tax purposes upon the vesting of restricted stock granted to Mr. Kiszka.
• The vesting of the restricted stock is contingent on Mr. Kiszka's continued employment or service to Smart Sand, Inc.
• Following this transaction, Mr. Kiszka directly beneficially owns 530,648 shares of Common Stock.
• Additionally, 448,738 shares are indirectly beneficially owned through a limited liability company (LLC) where Mr. Kiszka serves as the sole member with sole voting and investment control, though he disclaims beneficial ownership except for his pecuniary interest.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding on restricted stock vesting, which is a neutral event and does not indicate any change in company fundamentals or management's outlook.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This filing details a routine insider transaction related to executive compensation, which is specific to Smart Sand, Inc. and does not reflect broader industry trends or competitive dynamics.

Related Party Transactions

• Indirect beneficial ownership of 448,738 shares is held by a limited liability company (LLC) of which the Reporting Person serves as the sole member with sole voting and investment control. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine administrative transaction related to executive compensation.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Recommendation

The filing details a routine disposition of shares for tax purposes upon restricted stock vesting by an executive, which is a standard compensation event and does not indicate any change in company fundamentals or management's outlook, thus providing no basis for a change in investment recommendation.

Keywords

Smart Sand, SND, Form 4, Insider Transaction, Robert Kiszka, Restricted Stock, Tax Withholding, Executive Compensation