Smart Sand (SND) CEO reports tax withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smart Sand, Inc. CEO and director Charles Edwin Young reported routine share movements mainly tied to equity compensation rather than open‑market trading. A Form 4 entry shows an F‑code tax-withholding disposition of 5,811 shares of common stock at $5.45 per share, used to cover taxes on vesting restricted stock tied to his continued service.
After this tax withholding, Young directly holds 1,515,033 shares of Smart Sand common stock. He also has indirect ownership of 5,842,700 shares held by Keystone Cranberry, LLC, where he owns 67% of the membership interests, is the sole managing member, and has sole voting and investment power, while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
YOUNG CHARLES EDWIN, KEYSTONE CRANBERRY, LLC
Role
CEO | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,811 | $5.45 | $32K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,515,033 shares (Direct, null);
Common Stock — 5,842,700 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. Mr. Young holds 67% of the membership interests in Keystone Cranberry, LLC ("Keystone"), is the sole managing member and has sole voting and investment power over the shares held by Keystone. Mr. Young disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
Key Figures
Tax-withheld shares: 5,811 shares
Tax-withholding price: $5.45 per share
Direct holdings after transaction: 1,515,033 shares
+2 more
5 metrics
Tax-withheld shares
5,811 shares
F-code tax-withholding disposition of common stock
Tax-withholding price
$5.45 per share
Price used for 5,811 shares withheld for taxes
Direct holdings after transaction
1,515,033 shares
Common stock directly held by Charles Young after tax withholding
Indirect holdings via Keystone
5,842,700 shares
Common stock held by Keystone Cranberry, LLC and reported as indirect
Keystone ownership percentage
67%
Charles Young’s membership interest in Keystone Cranberry, LLC
Key Terms
restricted stock, tax-withholding disposition, indirect ownership, beneficial ownership, +1 more
5 terms
restricted stock financial
"Represents shares withheld for tax purposes upon the vesting of restricted stock granted to the Reporting Person"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for 5,811 shares of Common Stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
indirect ownership financial
"total_shares_following_transaction 5,842,700.0000, direct_or_indirect I, nature_of_ownership BY LLC"
beneficial ownership financial
"Mr. Young disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
voting and investment power financial
"is the sole managing member and has sole voting and investment power over the shares held by Keystone"
FAQ
What did Smart Sand (SND) CEO Charles Young report in this Form 4?
Charles Young reported routine share updates, including a tax-withholding disposition related to vesting restricted stock. The filing emphasizes compensation-related movements rather than open-market buying or selling of Smart Sand common stock.
Was there any open-market buying or selling by Smart Sand’s CEO?
The disclosed activity is an F-code tax-withholding disposition, not an open-market trade. Shares were delivered to cover tax liability on vesting restricted stock, a common administrative step that does not reflect discretionary buying or selling in the market.
What does an F transaction code mean in this Smart Sand Form 4?
The F transaction code indicates shares delivered to pay an exercise price or tax liability. Here, 5,811 Smart Sand shares were withheld for taxes on vesting restricted stock, classifying the movement as a tax-withholding disposition rather than a market-driven sale.