Smart Sand (NASDAQ: SND) EVP logs tax-withholding on 6,194 vested shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smart Sand, Inc. executive reports tax-withholding share disposition
Executive VP of Operations Robert Kiszka reported a Form 4 transaction involving 6,194 shares of Smart Sand common stock on February 28, 2026. The shares were withheld for tax purposes upon the vesting of restricted stock, rather than sold in an open-market trade, at a reference price of $5.19 per share.
After this tax-withholding disposition, Kiszka directly held 515,836 shares of Smart Sand common stock. He also had an indirect interest in 448,738 shares held by a limited liability company where he is the sole member with sole voting and investment control, while disclaiming beneficial ownership except for 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 | 6,194 | $5.19 | $32K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 515,836 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 did Smart Sand (SND) executive Robert Kiszka report in this Form 4?
Robert Kiszka reported a tax-withholding disposition of 6,194 shares of Smart Sand common stock on February 28, 2026. The shares were withheld to cover taxes upon restricted stock vesting, not sold on the open market.
What indirect Smart Sand (SND) holdings does Robert Kiszka report through an LLC?
The Form 4 reports 448,738 Smart Sand shares held indirectly through a limited liability company. Kiszka is the sole member with sole voting and investment control, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
Was the Smart Sand (SND) Form 4 transaction an open-market sale by Robert Kiszka?
No, the reported transaction was not an open-market sale. It reflects shares withheld for taxes upon restricted stock vesting, categorized as a tax-withholding disposition under transaction code F, rather than a discretionary market sale.