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.
Smart Sand, Inc. filings document regulatory disclosures for a public frac and industrial sand supplier, including 8-K reports on operating results, special dividends, share repurchase authorizations and Rule 10b5-1 trading plans. Material-event filings also cover sand supply agreements and changes to product purchase arrangements tied to the company’s frac sand business.
Proxy materials address governance, executive compensation, pay-versus-performance information, equity awards and shareholder voting matters. The filings describe Smart Sand’s common stock, capital-return activity, customer-contract disclosures, and the reporting framework around its Northern White sand production, logistics services and industrial sand markets.
Smart Sand, Inc. reported an insider tax-related share disposition by officer Ronald P. Whelan. On the vesting of restricted stock tied to his continued service, 6,250 shares of common stock were withheld at $5.19 per share to cover tax obligations, a non-open-market transaction. After this withholding, Whelan directly owned 442,260 shares of Smart Sand common stock.
Smart Sand, Inc. director Andrew R. Speaker reported a disposal of shares in connection with tax withholding. On February 28, 2026, 12,469 shares of common stock were withheld at $5.19 per share to cover taxes upon the vesting of restricted stock. After this tax-withholding disposition, Speaker directly owned 977,353 shares of Smart Sand common stock.
Smart Sand, Inc. reported that Chief Financial Officer Lee E. Beckelman received performance-based stock awards and had shares withheld for taxes. On February 27, 2026, he acquired 27,879 shares of common stock tied to Return on Invested Capital performance goals and 32,812 shares tied to free cash flow goals from awards originally granted on March 17, 2023. These awards were earned after the company confirmed that ROIC and free cash flow metrics were achieved for the performance period from January 1, 2023 through December 31, 2025. On the same date, 14,779 shares were disposed of at a price of $5.19 per share to cover tax obligations upon vesting of these performance shares, leaving him with 786,428 common shares held directly.
Smart Sand, Inc.’s Chief Operating Officer William John Young reported equity compensation activity tied to multi‑year performance awards. On February 27, 2026, he acquired 27,879 common shares earned from a Return on Invested Capital (ROIC) performance award and 32,812 common shares earned from a free cash flow performance award, both originally granted on March 17, 2023 for the performance period from January 1, 2023 through December 31, 2025. On the same date, 17,292 common shares were disposed of at $5.19 per share to satisfy tax withholding obligations upon vesting of these performance shares, leaving him with 634,848 shares owned directly after the transactions.
Smart Sand, Inc. reported that officer James Douglas Young received two performance-based stock awards on February 27, 2026. He acquired 18,587 common shares tied to a return on invested capital goal and 21,874 shares tied to a free cash flow goal, both originally granted on March 17, 2023 for the 2023–2025 performance period.
In a related move, 11,124 shares of common stock were withheld at a price of $5.19 per share to cover tax obligations upon vesting of these performance awards. After these transactions, Young directly owned 383,905 shares of Smart Sand common stock.
Smart Sand, Inc. Executive VP of Operations Robert Kiszka reported equity compensation changes tied to previously granted performance awards. On February 27, 2026, he acquired 18,587 common shares earned from ROIC-based performance awards and 21,874 shares earned from free cash flow-based performance awards, both at no cost, after the company confirmed the applicable performance goals for the 2023–2025 period. To cover taxes on the vesting of these awards, 11,515 shares were disposed of at $5.19 per share through tax withholding rather than an open-market sale. Following these transactions, he directly held 550,976 common shares and indirectly held 448,738 shares through a limited liability company where he is the sole member with sole voting and investment control, while disclaiming beneficial ownership beyond his economic interest.
Smart Sand, Inc. executive Ronald P. Whelan reported equity compensation activity tied to performance awards. On February 27, 2026, he acquired 18,587 common shares earned from ROIC-based awards and 21,874 shares earned from free cash flow-based awards granted in March 2023. In connection with these vestings, 11,610 shares were disposed of to cover tax withholding at $5.19 per share, leaving him with 477,361 directly owned common shares.
Smart Sand, Inc. CEO and director Charles Edwin Young reported equity award vesting and related tax withholding in common stock. On February 27, 2026, he acquired 48,788 ROIC-based and 57,420 free cash flow–based performance shares at $0.00 per share, reflecting awards originally granted on March 17, 2023 for a performance period from January 1, 2023 through December 31, 2025. He disposed of 25,862 shares at $5.19 per share to cover tax obligations on the vesting. After these transactions, he directly owned 1,540,551 shares and indirectly held 5,842,700 shares through Keystone Cranberry, LLC, where he owns 67% of membership interests and has sole voting and investment power.
Smart Sand, Inc. adopted a Rule 10b5-1 trading plan to support its previously announced share repurchase programs. The plan authorizes purchases of up to $2.5 million of common stock, including commissions, with daily volumes capped by Rule 10b-18 of the Exchange Act.
Repurchases under the plan may begin on March 16, 2026 and will end when the $2.5 million limit is reached or at the close of business on May 11, 2026, whichever occurs first. A designated broker will execute buybacks within the plan’s parameters, but neither the broker nor the company is required to purchase a specific number of shares or repurchase at any particular time.
The company notes that it may adopt additional Rule 10b5-1 plans in the future to continue its share repurchase program and highlights that any future activity is subject to market conditions, stock price volatility, and other capital needs, with updates to appear in its periodic SEC reports.
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.