Form 4: Smart Sand, Inc. Executive William John Young Reports Stock Transaction

William John Young, Chief Operating Officer of Smart Sand, Inc., reports disposition of shares to cover tax obligations upon vesting of restricted stock.

Summary

• On July 30, 2024, William John Young, the Chief Operating Officer of Smart Sand, Inc., disposed of 7,551 shares of common stock.
• The shares were withheld for tax purposes related to the vesting of restricted stock.
• The price per share was $2.09.
• Following the transaction, Young directly owns 483,738 shares of Smart Sand, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Similar filings are made by executives at companies like Halliburton, Schlumberger, and Baker Hughes when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations.

Key Dates