Form 4: Smart Sand VP of Accounting Reports Routine Stock Disposition for Tax Purposes

Smart Sand, Inc.'s Vice President of Accounting, Christopher M. Green, reported the disposition of 2,038 shares of common stock at $2.07 per share, primarily for tax withholding related to restricted stock vesting.

Summary

• Christopher M. Green, Vice President of Accounting at Smart Sand, Inc. (SND), reported a transaction on July 10, 2025.
• The transaction involved the disposition of 2,038 shares of Smart Sand, Inc. common stock.
• The shares were disposed of at a price of $2.07 per share.
• This disposition represents shares withheld for tax purposes upon the vesting of restricted stock previously granted to Mr. Green.
• The vesting of the restricted stock is contingent on Mr. Green's continued employment or service to Smart Sand, Inc.
• Following this transaction, Christopher M. Green beneficially owns 41,977 shares of Smart Sand, Inc. common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding related to restricted stock vesting, which is a neutral event and an expected part of executive compensation. It does not indicate any significant positive or negative sentiment about the company's performance or outlook.

Positives

• The transaction indicates the vesting of restricted stock, which is a form of compensation for the Vice President of Accounting, Christopher M. Green, tied to his continued employment with Smart Sand, Inc.

Negatives

• The disposition of shares, although for tax purposes, reduces the direct beneficial ownership of the reporting person by 2,038 shares.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disposition of a small number of shares for tax purposes by an executive is a routine event and is unlikely to have a material impact on the overall share price or shareholder value. It reflects the ongoing compensation structure for executives.
• Employees: The vesting of restricted stock and subsequent tax withholding is a standard component of executive compensation, which may be seen as a positive for employee retention and motivation at the executive level.

Key Dates

Keywords

Smart Sand Inc., SND, Christopher M. Green, Form 4, SEC filing, insider transaction, restricted stock, stock vesting, tax withholding, common stock, corporate officer