YOUNG CHARLES EDWIN 4

What Happened

• Charles Edwin Young, a reported 10% owner of Smart Sand, had 5,811 shares withheld to cover tax obligations tied to the vesting of restricted stock. The shares were valued at $5.45 each for a total of $31,670. This transaction is coded as tax withholding (F), not an open-market sale.

Key Details

• Transaction date: June 5, 2026; filing date: June 9, 2026.
• Price: $5.45 per share; Shares withheld/disposed: 5,811; Total value: $31,670.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Withholding represents shares retained to satisfy tax withholding upon vesting of restricted stock tied to continued service.
  • F2: Mr. Young controls 67% of Keystone Cranberry, LLC, and disclaims beneficial ownership of shares held by Keystone except for any pecuniary interest.
• Timeliness: The Form 4 was filed four days after the reported transaction date; Form 4s are generally required within two business days.

Context

• This was a routine tax-withholding event (often called a cashless withholding) upon vesting of restricted stock, not an active sale on the market — such withholdings are common and do not necessarily signal a change in insider sentiment.
• As a 10% owner with indirect holdings through Keystone, some of Mr. Young’s position is institutional/managerial in nature rather than typical executive trading.