YOUNG WILLIAM JOHN 4

What Happened William John Young, Chief Operating Officer of Smart Sand, received two performance-based stock awards on February 27, 2026 totaling 60,691 shares (27,879 ROIC-based; 32,812 free-cash-flow-based) at $0.00 per share. To satisfy tax withholding, 17,292 of those shares were disposed (withheld) at $5.19 per share, generating proceeds of approximately $89,745. The awards were confirmed vested based on performance for the 2023–2025 performance period.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (timely — within the SEC’s two-business-day window).
• Awards: 27,879 ROIC-based shares and 32,812 free-cash-flow-based shares, acquired at $0.00.
• Withholding (F): 17,292 shares disposed at $5.19 to cover taxes, netting about $89,745.
• Shares owned after the transaction: not reported in the provided excerpt of the filing.
• Footnotes: F1/F2 confirm achievement of ROIC and free cash flow goals for Jan 1, 2023–Dec 31, 2025; F3 explains the 17,292 shares were withheld for tax purposes.
• Transaction codes: A = Award/Grant; F = Tax withholding.

Context These were performance awards that vested after the company confirmed achievement of specified ROIC and free-cash-flow goals for the 2023–2025 period. The disposal of 17,292 shares was a routine tax-withholding action (not an open-market sale for investment purposes). Receiving vested awards increases insider equity, though the net new shares to the insider are reduced by the withholding.