KISZKA ROBERT 4

What Happened

• Robert Kiszka, Executive Vice President of Operations at Smart Sand (SND), had 2,591 restricted shares withheld to cover tax liability upon vesting. The filing reports a disposition of 2,591 shares at $5.45 per share, totaling $14,121. This was a tax-withholding event tied to vesting of restricted stock (not an open-market sale).

Key Details

• Transaction date: 2026-06-05
• Price per share: $5.45; Total value: $14,121
• Transaction code: F (shares withheld to satisfy tax withholding on vesting)
• Shares owned after the transaction: Not specified in the provided filing
• Footnotes:
  • F1: Confirms shares were withheld for tax purposes upon vesting tied to continued service.
  • F2: Notes some shares are held by an LLC of which the reporting person is sole member; he disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing date: 2026-06-09 (four days after the transaction); Form 4s are generally due within two business days, so investors may note the timing.

Context

• Tax-withholding on restricted stock vesting is a routine administrative disposition and does not necessarily indicate insider selling for investment reasons. It reduces the insider’s net holding by the withheld amount but is not the same as an intentional open-market sale.