Smart Sand (SND) officer plans sale of 50,000 shares worth $239K
Rhea-AI Filing Summary
Smart Sand, Inc. (SND) received a notice from officer Lee E. Beckelman of a proposed sale of 50,000 shares of common stock under Rule 144. The shares are to be sold through Merrill Lynch on the NYSE, with a stated aggregate market value of $239,500. The notice also reports 42,399,061 shares outstanding of Smart Sand common stock. The 50,000 shares come from multiple equity compensation awards granted between 2019 and 2020.
Positive
- None.
Negative
- None.
Key Figures
Shares proposed for sale: 50,000 shares
Aggregate market value of proposed sale: $239,500
Shares outstanding: 42,399,061 shares
+1 more
4 metrics
Shares proposed for sale
50,000 shares
Common stock to be sold under Rule 144 by Lee E. Beckelman
Aggregate market value of proposed sale
$239,500
Stated for the 50,000 Smart Sand common shares in the notice
Shares outstanding
42,399,061 shares
Smart Sand common stock outstanding as referenced in the notice
Largest individual compensation lot
18,373 shares
Common stock from compensation dated 12/18/2020 included in the 50,000 shares
Key Terms
Rule 144, aggregate with sales, Common Stock
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
aggregate with sales regulatory
"sales are required by paragraph (e) of Rule 144 to be aggregated with sales"
Common Stock financial
"144: Securities Information Common Stock | Merrill Lynch"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What does the Form 144 filing mean for Smart Sand, Inc. (SND)?
The filing reports that officer Lee E. Beckelman intends to sell 50,000 shares of Smart Sand common stock under Rule 144. It is a disclosure of a planned sale, not an executed transaction or a change in company operations.
AI-generated analysis. How Rhea-AI works. Not financial advice.