Smart Sand officer reports tax-withheld 2,500 shares
Smart Sand, Inc. officer James Douglas Young reported a routine share withholding related to equity compensation.
Rhea-AI Filing Summary
Smart Sand, Inc. officer James Douglas Young reported a routine share withholding related to equity compensation. On the vesting of restricted stock tied to his continued service, 2,500 shares of common stock were withheld at $4.08 per share to cover tax obligations. This was not an open-market sale but a tax-withholding disposition by the issuer. After this transaction, Young directly holds 375,428 shares of Smart Sand common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 2,500 shares
Exercise Price or Tax Liability
1 txn
Insider
Young James Douglas
Role
SEE REMARKS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,500 | $4.08 | $10K |
Holdings After Transaction:
Common Stock — 375,428 shares (Direct)
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Smart Sand (SND) insider James Douglas Young report in this Form 4?
James Douglas Young reported a tax-related share disposition involving 2,500 Smart Sand common shares. These shares were withheld by the company upon vesting of restricted stock units, rather than sold on the open market, as part of routine equity compensation procedures.
What does the tax-withholding code F mean in the Smart Sand (SND) Form 4 filing?
In the Smart Sand (SND) Form 4, transaction code F signifies shares withheld to cover taxes or exercise costs. Here, 2,500 vested restricted shares were delivered to the issuer to satisfy tax liabilities, rather than being sold in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.