Form 4: Smart Sand Executive VP of Operations Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Robert Kiszka, Executive VP of Operations at Smart Sand, Inc., disposed of shares to cover tax obligations related to vesting restricted stock.
Summary
- On February 22, 2025, Robert Kiszka, Executive VP of Operations at Smart Sand, Inc., disposed of 8,709 shares of common stock to cover tax obligations.
- The shares were withheld for tax purposes upon the vesting of restricted stock granted to Kiszka, with the vesting contingent on continued employment.
- Following the transaction, Kiszka directly owns 442,431 shares and indirectly owns 448,738 shares through an LLC where he is the sole member with voting and investment control.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. This filing indicates a routine transaction related to tax obligations from vested stock.
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 |
|---|---|
| 02/22/2025 | Date of transaction: Disposal of shares for tax obligations. |
| 02/25/2025 | Date of signature by Attorney-in-Fact. |
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