Smart Sand (NASDAQ: SND) CFO has shares withheld to cover taxes

Rhea-AI Filing Summary

Smart Sand, Inc.’s Chief Financial Officer, Lee E. Beckelman, reported a routine tax-related share disposition. On the vesting of restricted stock tied to continued employment, 3,321 shares of common stock were withheld at $4.08 per share to cover tax obligations.

Following this withholding, Beckelman directly holds 775,166 shares of Smart Sand common stock. This was not an open-market sale but a standard mechanism where the issuer withholds part of vested shares to satisfy the insider’s tax liability.

Insider Trade Summary

Net Seller: 3,321 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	3,321	$4.08	$14K

Holdings After Transaction: Common Stock — 775,166 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 did Smart Sand (SND) CFO report in this Form 4?

Smart Sand’s CFO, Lee E. Beckelman, reported a tax-related share disposition. 3,321 common shares were withheld by the company to cover taxes due upon the vesting of restricted stock tied to his continued employment or service.

How many Smart Sand shares were withheld for the CFO’s taxes?

The Form 4 shows that 3,321 shares of Smart Sand common stock were withheld. These shares covered tax obligations arising when previously granted restricted stock vested based on Lee E. Beckelman’s continued employment with or service to the company.

At what price were the withheld Smart Sand shares valued?

The withheld shares were valued at $4.08 per share. This value was used to determine how many Smart Sand common shares needed to be withheld to satisfy the Chief Financial Officer’s tax liabilities on the vesting restricted stock award.

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

After the tax-withholding transaction, Lee E. Beckelman directly holds 775,166 shares of Smart Sand common stock. This figure reflects his remaining position following the withholding of 3,321 shares to pay taxes on a vesting restricted stock grant.

Was this Smart Sand Form 4 an open-market sale by the CFO?

No, this Form 4 does not report an open-market sale. It records shares withheld for tax purposes when restricted stock vested. The company retained 3,321 shares to cover Lee E. Beckelman’s tax liability instead of selling shares on the open market.

What triggered the share withholding reported for Smart Sand’s CFO?

The withholding was triggered by the vesting of restricted stock previously granted to Lee E. Beckelman. The award vested based on his continued employment or service, and a portion of the vested shares was withheld to satisfy associated tax obligations.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/19/2026 - 04:03 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 PENNSYLVANIA 19067

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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

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

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

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	03/17/2026		F		3,321(1)	D	$4.08	775,166	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	03/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)