KISZKA ROBERT 4
4 · Smart Sand, Inc. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Smart Sand (SND) Exec VP Robert Kiszka Withholds 8,618 Shares for Taxes
What Happened
- Robert Kiszka, Executive Vice President of Operations at Smart Sand, had 8,618 shares withheld to cover tax obligations upon the vesting of restricted stock. The shares were valued at $5.25 each, totaling $45,245. The transaction is reported as code "F" (payment of exercise price or tax liability).
Key Details
- Transaction date: 2026-02-22; Filing date: 2026-02-24.
- Shares withheld: 8,618 at $5.25 per share; total value $45,245.
- Transaction code: F — tax withholding upon vesting of restricted stock (cashless/withholding settlement).
- Shares owned after the transaction: not specified in the filing.
- Footnotes:
- F1: Withholding represents shares retained to satisfy tax obligations when restricted stock vested based on continued service.
- F2: Some securities are held by an LLC of which Kiszka is sole member; he disclaims beneficial ownership except for his pecuniary interest.
- Timeliness: Filed two days after the reported transaction date (Feb 24 filing for a Feb 22 transaction).
Context
- This was a tax-withholding disposition tied to the vesting of restricted stock, not an open-market sale. Such withholdings are routine administrative actions to satisfy withholding taxes and do not necessarily indicate the insider's view on the stock.
- For retail investors, purchases or open-market sales by insiders often carry more interpretive weight than tax-related withholdings.
Insider Transaction Report
Form 4
KISZKA ROBERT
Executive VP of Operations
Transactions
- Tax Payment
Common Stock
[F1]2026-02-22$5.25/sh−8,618$45,245→ 522,030 total
Holdings
- 448,738(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]Held by a limited liability company ("LLC") of which the Reporting Person serves as the sole member with sole voting and investment control over the securities held thereby. The Reporting Person disclaims beneficial ownership of the securities held by the LLC except to the extent of his pecuniary interest therein.
Signature
/s/ Lee E. Beckelman, as Attorney-in-Fact for Robert Kiszka|2026-02-24