Smart Sand, Inc. 8-K

What Happened

• Smart Sand, Inc. (SND) issued a press release on February 26, 2026 reporting earnings information for the fourth quarter and full year ended December 31, 2025 and disclosing a newly approved share repurchase program. The company’s board approved the New Repurchase Program on February 23, 2026. The 8-K was signed by CFO Lee E. Beckelman and the press release is furnished as Exhibit 99.1.

Key Details

• Press release date: February 26, 2026; covers Q4 and FY 2025 results (earnings details are in Exhibit 99.1).
• New Repurchase Program: up to $20.0 million of ordinary shares, approved Feb 23, 2026, two-year term.
• Effective date: April 4, 2026 (after expiration of the current repurchase program).
• Repurchase mechanics: discretionary buys in open market, private transactions, accelerated or structured programs; may be modified, suspended or terminated and does not obligate any specific repurchases.
• Regulatory note: the information (including Exhibit 99.1) is furnished under Regulation FD and is not being “filed” for Section 18 liability purposes.

Why It Matters

• The filing provides the company’s most recent quarterly and annual earnings information (see Exhibit 99.1 for figures), which investors use to assess recent performance.
• The $20.0M repurchase program gives Smart Sand flexibility to return capital and reduce outstanding shares over the next two years, though repurchases are discretionary and not guaranteed.
• Retail investors should review the attached press release for the actual earnings and revenue figures and consider how the buyback program and reported results may affect shares outstanding and per-share metrics.