Smart Sand (NASDAQ: SND) CFO withholds 7,941 shares for taxes

Rhea-AI Filing Summary

Smart Sand, Inc. Chief Financial Officer Lee E. Beckelman reported a Form 4 transaction reflecting tax withholding, not an open-market trade. On February 28, 7,941 shares of common stock were withheld at $5.19 per share to cover taxes upon the vesting of restricted stock, leaving him with 778,487 directly owned shares.

Insider Trade Summary

Net Seller: 7,941 shares

Net Sell 1 txn

Insider Beckelman Lee E

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	7,941	$5.19	$41K

Holdings After Transaction: Common Stock — 778,487 shares (Direct)

Footnotes (1)

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

What insider transaction did Smart Sand (SND) report for its CFO?

Smart Sand reported that CFO Lee E. Beckelman had 7,941 common shares withheld to satisfy tax obligations tied to vested restricted stock. This was a tax-withholding disposition under code F, not an open-market stock sale or direct purchase.

How many Smart Sand (SND) shares were involved in the CFO’s Form 4?

The Form 4 shows 7,941 Smart Sand common shares were withheld at $5.19 per share. These shares covered taxes on vested restricted stock rather than reflecting a discretionary buy or sell decision in the open market.

Does the Smart Sand (SND) Form 4 indicate an open-market sale by the CFO?

No, the Form 4 indicates a tax-withholding disposition under transaction code F, not an open-market sale. Shares were withheld when restricted stock vested, as part of satisfying the CFO’s tax liability on that equity compensation.

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

After the tax-withholding disposition, CFO Lee E. Beckelman directly owns 778,487 Smart Sand common shares. The reported transaction reduces his holdings only by the 7,941 shares withheld to cover tax obligations on vested restricted stock.

What does transaction code F mean in the Smart Sand (SND) Form 4?

Transaction code F on the Form 4 means shares were used to pay an exercise price or tax liability. For Smart Sand’s CFO, it reflects common shares withheld to satisfy taxes upon vesting of restricted stock based on continued employment or service.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 04:28 PM Learn about SEC filing dates

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 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)
02/28/2026

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	02/28/2026		F		7,941(1)	D	$5.19	778,487	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	03/03/2026
	** 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.