YOUNG CHARLES EDWIN 4

What Happened

• Charles Edwin Young, a 10% owner of Smart Sand, had 17,423 shares withheld to satisfy tax obligations tied to the vesting of restricted stock. The shares were valued at $5.25 each, for a total of $91,471. This transaction is reported as a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: Feb 22, 2026 — 17,423 shares at $5.25 per share (total $91,471).
• Transaction type: Tax withholding upon vesting of restricted stock (code F).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — shares were withheld to cover taxes on vested restricted stock tied to continued employment/service; F2 — Mr. Young holds 67% of Keystone Cranberry, LLC and is sole managing member, and disclaims beneficial ownership of shares held by Keystone except for any pecuniary interest.
• Filing date/timeliness: Form filed Feb 24, 2026 reporting the Feb 22, 2026 transaction — appears to be a timely Form 4 filing.

Context

• This was a routine tax-withholding disposition related to restricted stock vesting (a common administrative step), not a directional trade signal from the insider. As a 10% owner with control through an entity (Keystone), some holdings may be reported in connection with that entity rather than as direct personal holdings.