Form 4: Smart Sand Executive Withholds Shares for Tax Purposes Following Restricted Stock Vesting

Ronald P. Whelan, Executive Vice President of Last Mile Services at Smart Sand, Inc., reported the withholding of 2,614 shares of common stock for tax obligations related to restricted stock vesting.

Summary

• Ronald P. Whelan, Executive Vice President of Last Mile Services for Smart Sand, Inc. (SND), reported a transaction on June 7, 2025.
• The transaction involved the disposition of 2,614 shares of Smart Sand Common Stock.
• These shares were withheld for tax purposes upon the vesting of restricted stock previously granted to Mr. Whelan.
• The price per share for the withheld shares was $1.92.
• Following this transaction, Mr. Whelan directly beneficially owns 454,688 shares of Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction (shares withheld for tax purposes) and does not indicate a change in management's view of the company or its prospects.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This specific insider transaction, involving the withholding of shares for tax purposes upon restricted stock vesting, is a routine event for executives in publicly traded companies across all industries and does not reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and represents a very small percentage of outstanding shares. It does not signal a change in the executive's investment thesis or company performance.

Key Dates

Keywords

Smart Sand Inc., SND, Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Beneficial Ownership, Executive Compensation