YOUNG CHARLES EDWIN 4
4 · Smart Sand, Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Smart Sand (SND) 10% Owner Charles Young Sells 5,811 Shares
What Happened Charles Edwin Young, a reported 10% owner of Smart Sand, Inc. (SND), had 5,811 shares withheld/disposed to cover tax withholding tied to the vesting of restricted stock. The shares were valued at $4.08 each for a total of $23,709 on March 17, 2026. The transaction is coded as "F" (shares withheld to satisfy tax obligations), which is a routine administrative disposition rather than an open-market sale.
Key Details
- Transaction date: March 17, 2026; Filing date: March 19, 2026 (appears timely).
- Shares disposed: 5,811 at $4.08 per share; total value $23,709.
- Transaction code: F — shares withheld to satisfy tax withholding upon vesting.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 confirms withholding occurred upon vesting based on continued service; F2 notes Mr. Young controls Keystone Cranberry, LLC (holds some shares) and disclaims beneficial ownership except for any pecuniary interest.
Context Tax-withholding dispositions on vesting are common and typically administrative; they do not necessarily indicate a change in the insider’s market view. As a 10% owner and manager of an entity (Keystone) that holds shares, Mr. Young’s broader holdings may be through that entity rather than held directly.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-17$4.08/sh−5,811$23,709→ 1,520,844 total
- 5,842,700(indirect: By LLC)
Common Stock
[F2]
Footnotes (2)
- [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.
- [F2]Mr. Young holds 67% of the membership interests in Keystone Cranberry, LLC ("Keystone"), is the sole managing member and has sole voting and investment power over the shares held by Keystone. Mr. Young disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.