Smart Sand (SND) COO has 3,885 shares withheld for tax on RSU vesting
Rhea-AI Filing Summary
Smart Sand, Inc.’s Chief Operating Officer William John Young reported a routine tax-related share disposition. On the vesting of restricted stock tied to his continued service, 3,885 shares of common stock were withheld to cover tax obligations. This was not an open-market sale or purchase, but a mechanical payment of tax liability in shares. After this withholding, Young directly holds 621,672 shares of Smart Sand common stock, indicating he retains a substantial equity position following the vesting event.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,885 shares
Net Sell
1 txn
Insider
YOUNG WILLIAM JOHN
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,885 | $4.08 | $16K |
Holdings After Transaction:
Common Stock — 621,672 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
What did Smart Sand (SND) COO William John Young report in this Form 4?
Smart Sand’s COO William John Young reported a tax-related share disposition. 3,885 shares of common stock were withheld to satisfy taxes upon vesting of restricted stock, a routine compensation-related event rather than an open-market trade.
Was the Smart Sand (SND) Form 4 transaction an open-market sale or purchase?
No, the Form 4 does not show an open-market trade. The F code transaction reflects shares withheld to pay tax liability on vested restricted stock, not a discretionary buy or sell in the market by the executive.
What does transaction code F mean in the Smart Sand (SND) Form 4?
Transaction code F indicates payment of exercise price or tax liability using securities. Here, it denotes shares of Smart Sand common stock were withheld to satisfy taxes triggered by the vesting of restricted stock granted to the COO.
AI-generated analysis. How Rhea-AI works. Not financial advice.