Smart Sand (SND) CFO logs tax-withholding of 10,632 vested shares on Form 4

Rhea-AI Filing Summary

Smart Sand, Inc. Chief Financial Officer Lee E. Beckelman reported a tax-related share disposition. On this Form 4, 10,632 shares of common stock were withheld at $5.25 per share to cover taxes upon vesting of restricted stock. After this non‑open‑market withholding, Beckelman directly holds 740,516 common shares.

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

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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 PA 19067

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026

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

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

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

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	02/22/2026		F		10,632(1)	D	$5.25	740,516	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	02/24/2026
	** 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.

FAQ

What did Smart Sand (SND) CFO Lee Beckelman report on this Form 4?

Smart Sand CFO Lee Beckelman reported a tax-withholding disposition of 10,632 common shares. The shares were withheld upon vesting of restricted stock, satisfying tax obligations rather than reflecting an open-market sale or discretionary trading decision.

Was the Smart Sand (SND) Form 4 transaction an open-market sale?

No, the Form 4 transaction was not an open-market sale. Shares were withheld by the company to cover tax liabilities when restricted stock vested, a common administrative step that does not involve selling shares into the public market.

How many Smart Sand (SND) shares were withheld for taxes in this filing?

The filing shows 10,632 Smart Sand common shares were withheld for tax purposes. This withholding occurred when restricted stock vested, aligning with the reporting person’s continued employment-based vesting conditions described in the footnote.

What price per share is reported in the Smart Sand (SND) Form 4?

The Form 4 reports a price of $5.25 per Smart Sand common share for the tax-withholding transaction. This figure is used to calculate the value of shares withheld to satisfy the reporting person’s associated tax obligations on vesting.

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

After the tax-withholding disposition, Smart Sand’s CFO directly owns 740,516 common shares. This post-transaction ownership reflects only the remaining shares and excludes the 10,632 shares withheld to meet tax liabilities on the restricted stock vesting.

What does the footnote in the Smart Sand (SND) Form 4 explain?

The footnote explains the shares were withheld for tax purposes upon vesting of restricted stock. Vesting depends on the reporting person’s continued employment or service with Smart Sand on the applicable vesting date, clarifying this is routine equity compensation treatment.