Smart Sand (SND) VP sees 1,717 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smart Sand, Inc. executive Christopher M. Green, Vice President of Accounting, reported a routine tax-withholding disposition on July 10, 2026. 1,717 shares of common stock were withheld at $4.80 per share upon vesting of restricted stock, leaving him with 49,905 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Green Christopher M.
Role
Vice President of Accounting
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.001 per share | 1,717 | $4.80 | $8K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 49,905 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,717 shares
Withholding price: $4.80 per share
Shares held after transaction: 49,905 shares
3 metrics
Shares withheld for taxes
1,717 shares
Withheld upon vesting of restricted stock on July 10, 2026
Withholding price
$4.80 per share
Value used for the tax-withholding disposition
Shares held after transaction
49,905 shares
Direct holdings following the July 10, 2026 tax withholding
Key Terms
restricted stock, withheld for tax purposes, vesting date
3 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 of restricted stock"
vesting date financial
"continued employment with or service to the Issuer on the applicable vesting date"
FAQ
What insider activity did Smart Sand (SND) disclose for Christopher M. Green?
Smart Sand disclosed that Christopher M. Green had 1,717 shares of common stock withheld to cover tax obligations on vested restricted stock, a routine compensation-related event rather than a discretionary purchase or sale in the open market.
Does the Smart Sand (SND) transaction represent an open-market sale?
No. The transaction is recorded as a tax-withholding disposition, meaning shares were withheld by the issuer to cover taxes on vested restricted stock and were not sold by Christopher M. Green in the open market for investment or portfolio reasons.
What triggered the tax-withholding transaction reported by Smart Sand (SND)?
The transaction was triggered by the vesting of restricted stock previously granted to Christopher M. Green. Vesting depended on his continued employment or service with Smart Sand through the applicable vesting date, which created a tax obligation covered by share withholding.