KISZKA ROBERT 4

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.