Form 4: Smart Sand Inc. Executive William John Young Reports Stock Transaction
SEC Form 4 Filing
William John Young, Chief Operating Officer of Smart Sand, Inc., reports disposition of shares for tax purposes following vesting of restricted stock.
Summary
- On February 22, 2025, William John Young, the Chief Operating Officer of Smart Sand, Inc., disposed of 13,064 shares of common stock to cover tax obligations.
- The shares were withheld for tax purposes related to the vesting of restricted stock, which is contingent upon continued employment with Smart Sand.
- The transaction price was $2.25 per share.
- Following the transaction, Young directly owns 470,674 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock and the subsequent tax obligations, a common occurrence in executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of stock transaction (disposal of shares). |
| 02/25/2025 | Date of signature for the report. |
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