Beckelman Lee E 4

What Happened

• Lee E. Beckelman, Chief Financial Officer of Smart Sand, had 3,321 restricted shares withheld to satisfy tax withholding obligations upon vesting. The withholding was reported as a disposition at $4.08 per share, totaling $13,550. This was not an open-market sale or purchase of stock but an internal tax-withholding transaction tied to vesting.

Key Details

• Transaction date: 2026-03-17; Form filed: 2026-03-19.
• Shares withheld/disposed: 3,321 at $4.08 per share; total value reported $13,550.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 — shares were withheld for tax purposes upon the vesting of restricted stock tied to continued employment.
• Filing timeliness: filing covers the 3/17 transaction and was submitted 3/19; no late filing indication provided.

Context

• Tax-withholding on vested restricted stock is routine and reflects an administrative disposition (shares retained by the company to cover tax), not a market sale indicating sentiment. Retail investors should treat this as a standard tax-related adjustment rather than a directional insider trade.