Form 4: Smart Sand Executive VP Robert Kiszka Reports Changes in Beneficial Ownership

Executive VP of Operations at Smart Sand, Robert Kiszka, reports a transaction involving common stock due to shares withheld for tax purposes upon vesting of restricted stock.

Summary

• On July 30, 2024, Robert Kiszka, Executive VP of Operations at Smart Sand, Inc., reported a transaction involving the company's common stock.
• 5,034 shares were disposed of at a price of $2.09 due to tax withholding upon the vesting of restricted stock.
• Following the transaction, Kiszka directly owns 451,140 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: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock, which is a common practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is related to tax obligations and does not represent a significant change in ownership.

Key Dates