Form 4: Smart Sand Executive VP Reports Stock Transaction
SEC Form 4 Filing
Robert Kiszka, Executive VP of Operations at Smart Sand, Inc., reports the disposal of 2,591 shares of common stock to cover tax obligations upon vesting of restricted stock.
Summary
- On June 7, 2024, Robert Kiszka, Executive VP of Operations at Smart Sand, Inc., disposed of 2,591 shares of common stock.
- The shares were withheld for tax purposes related to the vesting of restricted stock.
- The transaction price was $2.08 per share.
- Following the transaction, Kiszka directly owns 456,174 shares and indirectly owns 448,738 shares through an LLC.
- Kiszka disclaims beneficial ownership of the shares held by the LLC except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine stock transaction for tax purposes and doesn't indicate any significant positive or negative developments for the company.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily reflect a strategic shift or material event for Smart Sand within the broader industry.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of stock transaction (disposal of shares for tax purposes). |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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