Welcome to our dedicated page for Smart Sand SEC filings (Ticker: SND), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Smart Sand, Inc. (NASDAQ: SND) SEC filings, giving investors a view into how the company reports its frac and industrial sand operations, financial condition, and capital allocation. Smart Sand’s filings include annual reports on Form 10-K and quarterly reports on Form 10-Q, which discuss sand sales volumes, revenue from sand and SmartSystems, cost of goods sold, logistics expenses, operating costs, and the non-GAAP measures the company uses, such as contribution margin, Adjusted EBITDA, and free cash flow.
Current reports on Form 8-K for Smart Sand cover a range of material events. Recent 8-K filings reference quarterly earnings press releases, special cash dividends on the company’s common stock, and the authorization and implementation of a share repurchase program. One Form 8-K describes the adoption of a Rule 10b5-1 trading plan to facilitate share repurchases under the existing program, outlining parameters such as the total purchase amount and the period during which repurchases may occur.
Another Form 8-K details the termination, by mutual agreement, of a multi-year Master Product Purchase Agreement with EQT Production Company and the entry into a new take-or-pay product purchase agreement providing for Smart Sand to supply frac sand to EQT through 2027. These filings illustrate how the company documents key customer contracts and changes to those arrangements.
Through this filings page, users can review Smart Sand’s disclosures on topics such as liquidity sources, including its asset-based lending credit facility, asset retirement obligations, and other balance sheet items. AI-powered tools on the platform can help summarize lengthy 10-K and 10-Q reports, highlight important sections, and surface information on items like share repurchases, special dividends, and take-or-pay agreements, allowing investors to navigate the company’s regulatory history more efficiently.
Smart Sand, Inc. reported higher 2025 revenue but lower profit while generating strong cash and expanding shareholder returns. Full-year 2025 revenue rose to $330.2 million from $311.4 million, with sand volumes up to 5,443,000 tons. Net income was $1.3 million, or $0.03 per share, down from $3.0 million a year earlier as higher freight and production costs pressured margins.
Despite modest earnings, cash generation improved sharply: net cash from operating activities reached $44.1 million and free cash flow was $32.5 million, compared with $10.9 million in 2024. In 2025 the company returned about $8.0 million to shareholders through dividends and buybacks and ended the year with $22.6 million in cash and $30.0 million of undrawn credit. The board approved a new two-year repurchase program authorizing up to $20.0 million of common stock, effective April 4, 2026, continuing a disciplined capital return strategy alongside expectations of being free cash flow positive in 2026 with 5–10% sales volume growth.
Smart Sand, Inc. files its annual report describing a fully integrated frac and industrial sand business built around large Northern White sand reserves and a growing logistics and wellsite solutions platform. The company operates three mines in Wisconsin and Illinois with about 10 million tons of annual processing capacity and access to all Class I railroads in the U.S. and Canada.
Smart Sand is diversifying through its Industrial Product Solutions line and proprietary SmartSystems wellsite storage and handling equipment, aiming to reduce customers’ trucking needs and emissions. Liquidity is supported by $22.6 million of cash and $30.0 million of undrawn revolver capacity as of December 31, 2025, with no outstanding borrowings.
The report highlights heavy customer concentration, with EQT Corporation accounting for 27.7% of 2025 revenue, and extensive risk factors tied to oil and gas activity, regulatory change, environmental compliance, competition from regional sand and alternative proppants, and evolving climate and silica exposure rules. Shares outstanding were 43,538,189 as of February 19, 2026.
Smart Sand, Inc. CEO and 10% owner Charles Edwin Young reported a tax-withholding disposition of 17,423 shares of common stock at $5.25 per share. These shares were withheld by the company to cover taxes owed when his restricted stock vested, rather than sold on the open market.
After this transaction, Mr. Young directly holds 1,460,205 common shares. He also has indirect ownership of 5,842,700 shares held by Keystone Cranberry, LLC, where he owns 67% of the membership interests and serves as sole managing member with voting and investment power, while disclaiming beneficial ownership beyond his economic interest.
Smart Sand, Inc. Chief Financial Officer Lee E. Beckelman reported a tax-related share disposition. On this Form 4, 10,632 shares of common stock were withheld at $5.25 per share to cover taxes upon vesting of restricted stock. After this non‑open‑market withholding, Beckelman directly holds 740,516 common shares.
Smart Sand, Inc. executive James Douglas Young reported a Form 4 transaction reflecting a tax-related share disposition tied to restricted stock vesting. On the transaction date, 7,837 shares of common stock were withheld at a price of $5.25 per share to cover tax obligations upon vesting, rather than sold in an open-market trade. After this tax-withholding disposition, Young’s directly held ownership stood at 354,568 common shares.
Smart Sand, Inc. Chief Operating Officer William John Young reported a tax-related share disposition. On the transaction date, 12,260 shares of common stock were withheld at $5.25 per share to cover tax obligations upon vesting of restricted stock. After this withholding, he directly owned 591,449 common shares.
Smart Sand, Inc. Executive VP of Operations Robert Kiszka reported a tax-related share disposition. On February 22, 2026, he had 8,618 shares of common stock withheld at $5.25 per share to cover taxes upon vesting of restricted stock.
After this tax-withholding disposition, Kiszka directly owned 522,030 shares of Smart Sand common stock. He also has indirect ownership of 448,738 shares held by a limited liability company for which he is the sole member with sole voting and investment control, while disclaiming beneficial ownership beyond his pecuniary interest.
Smart Sand, Inc. executive Ronald P. Whelan reported a routine tax-related share disposition. On the transaction date, 8,756 shares of common stock were withheld to cover tax obligations triggered by the vesting of restricted stock tied to his continued employment or service.
These shares were not sold in the open market but used to satisfy tax liabilities upon vesting. After this withholding, Whelan's directly held common stock position stands at 448,510 shares.
Smart Sand, Inc. insider activity: A Form 4 reports that Vice President of Accounting Christopher Green had 1,069 shares of Smart Sand common stock withheld on 12/16/2025 at a price of $3.63 per share. The filing explains these shares were withheld to cover taxes upon the vesting of restricted stock tied to his continued employment or service. After this tax-withholding transaction, he beneficially owns 52,890 shares of Smart Sand common stock, held directly. This is a routine administrative adjustment associated with equity compensation rather than an open-market trade.
Smart Sand, Inc. announced that it has adopted a Rule 10b5-1 trading plan to support its previously disclosed $10 million share repurchase program. Under this new plan, a broker will be authorized to buy back up to $2.5 million of Smart Sand common stock, including commissions, following preset instructions.
Purchases under the plan will begin no earlier than December 8, 2025 and will end when either the full $2.5 million is used or on March 2, 2026, whichever occurs first. The daily buybacks will be limited to the maximum volume allowed under Rule 10b-18. The company notes that the plan does not require any minimum number of shares to be repurchased and that future 10b5-1 plans may be adopted after this plan expires.