Smart Sand insider reports tax-withholding share disposition
Smart Sand, Inc. executive James Douglas Young reported a Form 4 transaction reflecting a tax-related share disposition tied to restricted stock vesting.
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Rhea-AI Filing Summary
Smart Sand, Inc. executive James Douglas Young reported a Form 4 transaction reflecting a tax-related share disposition tied to restricted stock vesting. On the transaction date, 7,837 shares of common stock were withheld at a price of $5.25 per share to cover tax obligations upon vesting, rather than sold in an open-market trade. After this tax-withholding disposition, Young’s directly held ownership stood at 354,568 common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 7,837 | $5.25 | $41K |
Footnotes (1)
- F1. 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.
FAQ
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What insider transaction did Smart Sand (SND) report on this Form 4?
Was the Smart Sand (SND) insider transaction an open-market sale?
What triggered the Smart Sand (SND) insider tax-withholding disposition?
AI-generated analysis. How Rhea-AI works. Not financial advice.