SND CEO Charles Young Acquires 50,000 Shares in Mid‑August Trades
Rhea-AI Filing Summary
Insider purchases totaling 50,000 shares were reported by Charles Edwin Young, Smart Sand, Inc. (SND) director, CEO and 10% owner. Between 08/15/2025 and 08/19/2025 Mr. Young purchased 29,592, 11,498 and 8,910 shares at weighted-average prices of $1.92, $1.87 and $1.96 respectively, representing aggregate purchases at prices around $1.9 per share. After these transactions Mr. Young directly beneficially owned 1,438,597 shares and, indirectly through Keystone Cranberry, LLC, beneficially owned 5,842,700 shares; he holds 67% of Keystone and is sole manager with voting and investment power over those LLC-held shares. The form is a Section 16 filing reporting routine insider purchases and disclosing ownership details.
Positive
- CEO/director purchased a total of 50,000 shares across three open-market transactions, signaling insider accumulation
- Detailed disclosure of direct and indirect holdings, including post-transaction direct ownership of 1,438,597 shares and indirect ownership of 5,842,700 shares via Keystone Cranberry, LLC
- Weighted-average prices disclosed with range footnotes, and the filing includes an explicit signature and standard certifications
Negative
- None.
Insights
TL;DR: CEO/director bought 50,000 SND shares near $1.90, increasing his direct stake to 1.44M shares; this is a clear insider accumulation.
These purchases total 50,000 shares executed over three days at weighted-average prices disclosed in the filing. For investors, insider purchases by a CEO and significant owner can signal confidence in the company or perceived undervaluation, though the filing does not disclose intent or material company developments. The direct ownership increased to 1,438,597 shares while substantial indirect holdings remain via Keystone Cranberry, LLC.
TL;DR: Reporting person is both CEO and director and properly disclosed direct and indirect holdings and recent open-market purchases.
The Form 4 includes required disclosures: transaction codes, weighted-average prices, post-transaction holdings, and an explanation of indirect ownership through Keystone Cranberry, LLC where Mr. Young holds 67% and sole management authority. The filing contains customary footnote undertakings to provide breakdowns of prices within ranges and includes a manual signature, satisfying Form 4 formalities. No amendments or plans (e.g., Rule 10b5-1) are indicated.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 8,910 | $1.96 | $17K |
| Purchase | Common Stock | 11,498 | $1.87 | $22K |
| Purchase | Common Stock | 29,592 | $1.92 | $57K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.91 to $1.93, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.84 to $1.90, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. 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.
