Smart Sand (SND) CEO logs tax-withholding share disposition and large holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smart Sand, Inc. CEO and director Charles Edwin Young had 13,896 shares of common stock withheld on February 28, 2026 to cover taxes triggered by the vesting of restricted stock granted to him. The shares were valued at $5.19 per share. After this tax-withholding disposition, he directly owned 1,526,655 shares of Smart Sand common stock. He also had indirect ownership of 5,842,700 shares held by Keystone Cranberry, LLC, where he holds 67% of the membership interests and serves as sole managing member with voting and investment power, while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
YOUNG CHARLES EDWIN, KEYSTONE CRANBERRY, LLC
Role
CEO | Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 13,896 | $5.19 | $72K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,526,655 shares (Direct);
Common Stock — 5,842,700 shares (Indirect, BY LLC)
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. Mr. Young holds 67% of the membership interests in Keystone Cranberry, LLC ("Keystone"), is the sole managing member and has sole voting and investment power over the shares held by Keystone. Mr. Young disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
FAQ
What insider transaction did Smart Sand (SND) CEO Charles Young report?
Smart Sand CEO Charles Young reported a tax-withholding disposition of 13,896 common shares. The shares were withheld on restricted stock vesting to satisfy tax obligations at a price of $5.19 per share, rather than sold in an open-market transaction.
Was the Smart Sand (SND) insider transaction an open-market sale or a tax withholding?
The reported insider transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld automatically when restricted stock vested to cover Charles Young’s tax liability, consistent with a payment-of-tax arrangement described for the award.