Smart Sand (SND) EVP logs tax share withholding in Form 4/A
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Smart Sand, Inc. Executive VP of Operations Robert Kiszka reported a Form 4/A showing a tax-related share disposition. On the vesting of restricted stock, 6,194 shares of common stock were withheld at $5.19 per share to cover tax obligations. The amendment also corrects a previously misreported holding of 515,836 shares and reflects both directly held shares and additional indirect holdings through an LLC, where Kiszka has sole voting and investment control but disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KISZKA ROBERT
Role
Executive VP of Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,194 | $5.19 | $32K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 544,782 shares (Direct);
Common Stock — 448,738 shares (Indirect, BY LLC)
Footnotes (1)
- Represents shares withheld for tax purposes upon the vesting of restricted stock granted to the Reporting Person, the vesting of which is based on the Reporting Person's continued employment with or service to the Issuer on the applicable vesting date. The Form 4, as originally filed, incorrectly reported the number of shares as 515,836. The Form 4, as amended by this Form 4/A, currently reports the corrected number of shares. Held by a limited liability company ("LLC") of which the Reporting Person serves as the sole member with sole voting and investment control over the securities held thereby. The Reporting Person disclaims beneficial ownership of the securities held by the LLC except to the extent of his pecuniary interest therein.
FAQ
What insider transaction did Smart Sand (SND) report in this Form 4/A?
Smart Sand reported a tax-related share disposition by Executive VP Robert Kiszka. On restricted stock vesting, 6,194 common shares were withheld at $5.19 per share to satisfy tax obligations, a non-open-market transaction coded as a tax-withholding disposition.
Who is the insider in Smart Sand (SND) Form 4/A and what is his role?
The insider is Robert Kiszka, Executive VP of Operations at Smart Sand. He reported shares withheld for taxes upon restricted stock vesting and disclosed both direct share ownership and additional indirect holdings through a limited liability company.
What correction does this Smart Sand (SND) Form 4/A make to prior reports?
The amendment corrects a previously misreported Smart Sand share amount. An earlier Form 4 incorrectly listed 515,836 shares; this Form 4/A updates the filing to show the corrected number of shares held after the reported tax-withholding transaction.
How are Robert Kiszka’s indirect Smart Sand (SND) holdings structured?
Some Smart Sand shares are held indirectly through a limited liability company. Kiszka is the sole member with sole voting and investment control over the LLC’s securities but disclaims beneficial ownership except to the extent of his pecuniary interest in those shares.
Was the Smart Sand (SND) insider transaction an open-market sale?
No, the transaction was not an open-market sale. It is coded as a tax-withholding disposition, meaning shares were withheld by the company to cover tax obligations when restricted stock vested, rather than being sold on the open market.