YOUNG CHARLES EDWIN 4
4 · Smart Sand, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Smart Sand (SND) 10% Owner Charles Young Receives Award
What Happened Charles Edwin Young, a 10% owner of Smart Sand, Inc. (SND), was awarded two performance-based stock grants that vested on February 27, 2026: 48,788 shares (ROIC-based) and 57,420 shares (free cash flow-based), a total of 106,208 shares acquired at $0.00. To cover tax withholding on the vesting, 25,862 shares were surrendered/disposed at an effective withholding value of $5.19 per share, resulting in $134,224 withheld.
Key Details
- Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (file appears late relative to the standard 2-business-day filing rule).
- Awards: 48,788 shares (ROIC-based) and 57,420 shares (free-cash-flow based); both awards were originally granted March 17, 2023 and vested after the applicable performance period (Jan 1, 2023–Dec 31, 2025).
- Tax withholding: 25,862 shares withheld at $5.19/share for $134,224 (coded F = tax withholding).
- Acquisition code: A = award/grant; Disposal code: F = shares withheld for taxes.
- Shares owned after the transaction: not specified in the information provided.
- Footnote on ownership: Mr. Young holds a controlling interest (67%) in Keystone Cranberry, LLC, and disclaims beneficial ownership of shares held by that entity except to the extent of any pecuniary interest.
Context These were performance-vesting awards, not open-market purchases or sales of shares by Mr. Young for investment reasons. The shares were earned based on relative ROIC and free cash flow goals for the 2023–2025 performance period; the tax withholding is a routine, administrative disposition when equity vests. As a 10% owner (and controlling member of an affiliated LLC), his holdings include interests held through Keystone Cranberry, LLC, per the filing.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-27+48,788→ 1,508,993 total - Award
Common Stock
[F2]2026-02-27+57,420→ 1,566,413 total - Tax Payment
Common Stock
[F3]2026-02-27$5.19/sh−25,862$134,224→ 1,540,551 total
- 5,842,700(indirect: By LLC)
Common Stock
[F4]
Footnotes (4)
- [F1]Reflects the number of shares earned in respect of ROIC-based performance award shares originally granted on March 17, 2023. On February 27, 2026, the Issuer confirmed the achievement of the applicable performance metric, which was based on a relative annual Return on Invested Capital (ROIC) goal for the performance period commencing on January 1, 2023 and continuing through December 31, 2025.
- [F2]Reflects the number of shares earned in respect of free cash flow based performance award shares originally granted on March 17, 2023. On February 27, 2026, the Issuer confirmed the achievement of the applicable performance metric, which was based on a relative annual free cash flow goal for the performance period commencing on January 1, 2023 and continuing through December 31, 2025.
- [F3]Represents the number of shares withheld for tax purposes upon the vesting of ROIC-based and free cash flow based performance shares originally granted to the Reporting Person on March 17, 2023.
- [F4]Mr. Young holds 67% of the membership interests in Keystone Cranberry, LLC ("Keystone"), is the sole managing member and has sole voting and investment power over the shares held by Keystone. Mr. Young disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.