Smart Sand Form 4: VP Robert Kiszka Retains Nearly 1 M Shares After Tax Withholding
Rhea-AI Filing Summary
Form 4 filing for Smart Sand, Inc. (SND) discloses routine insider share withholding for tax purposes.
- Reporting person: Robert Kiszka, Executive VP of Operations.
- Transaction date: 07/30/2025.
- Transaction code F: 5,034 common shares were withheld at $2.08 per share to satisfy taxes triggered by the vesting of a previously granted restricted-stock award.
- Post-transaction ownership: 530,648 shares held directly plus 448,738 shares held indirectly through an LLC that Kiszka fully controls, totaling 979,386 shares.
- No derivative activity reported in Table II.
The filing reflects an administrative, non-open-market reduction in shares and indicates the executive retains a sizable equity stake, maintaining alignment with shareholders. No information on earnings, guidance or other corporate events is included.
Positive
- Executive retains a significant 979,386-share stake, reflecting continued alignment with shareholder interests.
Negative
- 5,034 shares were removed from insider ownership (tax withholding), slightly reducing insider float.
Insights
TL;DR — Routine tax-withholding; negligible market impact, insider still holds ~1 M shares.
This Form 4 shows a standard F-code transaction: 5,034 shares forfeited to cover taxes upon vesting of restricted stock. Such events are automatic and do not signal a discretionary sale. Kiszka’s aggregate position—over 979 k shares—remains intact, underscoring continued insider exposure to SND’s equity performance. Given the small size (<1 % of his total holdings and immaterial relative to SND’s float) and absence of open-market selling, I classify the filing as neutral for valuation or sentiment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,034 | $2.08 | $10K |
| holding | Common Stock | -- | -- | -- |
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.
