Smart Sand (SND) EVP has 2,591 shares withheld to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smart Sand, Inc.’s Executive VP of Operations, Robert Kiszka, reported a routine tax-related share withholding. On March 17, 2026, 2,591 shares of Smart Sand common stock were withheld at $4.08 per share to cover taxes due upon the vesting of restricted stock tied to his continued service.
After this tax-withholding disposition, Kiszka holds 542,191 shares directly. He is also shown as having 448,738 shares held indirectly through a limited liability company where he has sole voting and investment control, while disclaiming beneficial ownership beyond his economic 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 | 2,591 | $4.08 | $11K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 542,191 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. 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 for Robert Kiszka?
Smart Sand reported a tax-withholding disposition for Executive VP of Operations Robert Kiszka. 2,591 shares of common stock were withheld to cover taxes when his restricted stock vested, rather than being sold on the open market.
Was the Smart Sand (SND) Form 4 transaction an open-market sale?
No. The Form 4 shows shares withheld for tax purposes upon vesting of restricted stock. This F-code transaction is a tax-withholding disposition, not a discretionary open-market sale by the executive.
What is the significance of the LLC holding in Smart Sand (SND)’s Form 4?
The Form 4 shows 448,738 shares held by an LLC where Robert Kiszka is sole member with voting and investment control. He disclaims beneficial ownership of those shares except for his pecuniary interest, clarifying how those indirect holdings are treated.