Smart Sand (NASDAQ: SND) CFO uses 3,321 shares for tax withholding

Rhea-AI Filing Summary

Smart Sand, Inc. Chief Financial Officer Lee E. Beckelman had 3,321 shares of common stock withheld at $5.45 per share on June 5, 2026 to cover taxes due when restricted stock vested. This was a tax-withholding disposition, not an open-market trade. After this event, he directly owns 771,845 shares of Smart Sand common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Beckelman Lee E

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	3,321	$5.45	$18K

Holdings After Transaction: Common Stock — 771,845 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares withheld for taxes: 3,321 shares Tax-withholding price: $5.45 per share Shares owned after transaction: 771,845 shares

3 metrics

Shares withheld for taxes 3,321 shares Tax-withholding disposition on June 5, 2026

Tax-withholding price $5.45 per share Value used for withheld shares

Shares owned after transaction 771,845 shares Direct common stock holdings after June 5, 2026

Key Terms

restricted stock, tax-withholding disposition, vesting, continued employment

4 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"

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.

vesting financial

"the vesting of which is based on the Reporting Person's continued employment"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

continued employment financial

"based on the Reporting Person's continued employment with or service to the Issuer"

Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Beckelman Lee E

(Last) (First) (Middle)

C/O SMART SAND, INC.

1000 FLORAL VALE BOULEVARD, SUITE 225

(Street)

YARDLEY PENNSYLVANIA 19067

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Smart Sand, Inc. [ SND ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/05/2026		F		3,321(1)	D	$5.45	771,845	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

Remarks:

	/s/ Lee E. Beckelman	06/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Smart Sand (SND) report for CFO Lee E. Beckelman?

Smart Sand reported a tax-withholding disposition by CFO Lee E. Beckelman. On June 5, 2026, 3,321 common shares were withheld to satisfy tax obligations triggered by the vesting of restricted stock, rather than through an open-market sale.

How many Smart Sand shares were withheld for taxes in this Form 4 filing?

The Form 4 shows that 3,321 Smart Sand common shares were withheld. These shares covered taxes due upon vesting of restricted stock granted as compensation, at an effective value of $5.45 per share according to the transaction price reported.

Did the Smart Sand CFO sell shares on the open market in this Form 4?

The Smart Sand CFO did not sell shares on the open market. The transaction is coded as tax-withholding, meaning shares were delivered back to the issuer to satisfy tax obligations arising from vesting restricted stock, a routine administrative event.

How many Smart Sand (SND) shares does the CFO hold after this transaction?

Following the tax-withholding transaction, the CFO directly owns 771,845 Smart Sand common shares. This figure, reported in the Form 4, reflects his remaining direct holdings after 3,321 shares were withheld to cover tax liabilities on vested restricted stock.

What does the footnote in the Smart Sand Form 4 say about the withheld shares?

The footnote explains the shares were withheld for tax purposes upon vesting of restricted stock. Vesting was contingent on the CFO’s continued employment or service with Smart Sand through the applicable vesting date, indicating a standard compensation-related equity vesting event.