Smart Sand (SND) COO has 3,885 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smart Sand, Inc. Chief Operating Officer William John Young reported a routine tax-related share disposition. On the vesting of restricted stock tied to his continued employment, 3,885 shares of common stock were withheld to cover taxes at an indicated value of $5.45 per share. Following this withholding, he continues to hold 617,787 shares of Smart Sand common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
YOUNG WILLIAM JOHN
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,885 | $5.45 | $21K |
Holdings After Transaction:
Common Stock — 617,787 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 3,885 shares
Withholding price per share: $5.45 per share
Shares held after transaction: 617,787 shares
3 metrics
Shares withheld for taxes
3,885 shares
Tax-withholding disposition on restricted stock vesting
Withholding price per share
$5.45 per share
Value used for the 3,885 withheld shares
Shares held after transaction
617,787 shares
Direct ownership by COO after tax withholding
Key Terms
restricted stock, withheld for tax purposes, vesting date, tax-withholding disposition
4 terms
restricted stock financial
"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.
withheld for tax purposes financial
"Represents shares withheld for tax purposes upon the vesting"
vesting date financial
"continued employment with or service to the Issuer on the applicable vesting date"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
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.