Smart Sand (SND) director sells 125,000 shares, holds 744,060

Rhea-AI Filing Summary

Smart Sand, Inc. director Francis Michael Porcelli reported open-market sales of a total of 125,000 shares of Common Stock. He sold 50,000 shares at a weighted average price of $3.78 on March 9 and 75,000 shares at a weighted average price of $3.87 on March 10. After these transactions, he directly holds 744,060 shares of Smart Sand common stock.

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

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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^*

Porcelli Francis Michael

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		S		50,000	D	$3.78(1)	819,060	D
Common Stock	03/10/2026		S		75,000	D	$3.87(2)	744,060	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.76 to $3.83, 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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.83 to $3.95, 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.

Remarks:

	Lee E. Beckelman, as Attorney-in-Fact for Frank Porcelli	03/10/2026
	** 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).
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FAQ

What insider transactions did Smart Sand (SND) disclose in this Form 4?

Smart Sand (SND) disclosed that director Francis Michael Porcelli sold 125,000 shares of Common Stock in two open-market transactions. The sales occurred on March 9 and March 10 at weighted average prices of $3.78 and $3.87 per share, respectively.

How many Smart Sand (SND) shares did the director sell and at what prices?

Francis Michael Porcelli sold 50,000 Smart Sand (SND) shares at a weighted average price of $3.78 and 75,000 shares at a weighted average price of $3.87. The filing notes these were multiple trades within narrow intraday price ranges.

How many Smart Sand (SND) shares does the director hold after the reported sales?

Following the reported open-market sales, director Francis Michael Porcelli directly holds 744,060 shares of Smart Sand (SND) Common Stock. This post-transaction holding figure is disclosed in the Form 4 and reflects his remaining direct ownership position.

Were the Smart Sand (SND) insider sales executed as single trades or multiple trades?

Each reported Smart Sand (SND) sale was executed as multiple trades. The Form 4 footnotes state the prices are weighted averages, with individual trades ranging from $3.76 to $3.83 on March 9 and from $3.83 to $3.95 on March 10.

Who is the insider selling Smart Sand (SND) shares in this Form 4 filing?

The insider is Francis Michael Porcelli, a director of Smart Sand (SND). The Form 4 shows he executed two open-market sales of Common Stock while retaining a remaining direct ownership stake of 744,060 shares after the transactions.