4Filed Aug 19, 8:00 PM ET
Smart Sand (SND) 10% Owner Charles Young Receives 110,063-Share Award
$SND · Smart Sand, Inc.Research Summary
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Smart Sand (SND) 10% Owner Charles Young Receives 110,063-Share Award
What Happened Charles Edwin Young, a 10% owner of Smart Sand, Inc. (SND), was granted 110,063 restricted shares on August 19, 2026. The shares were granted at $0.00 per share (total reported value $0) as an award under the company's 2026 Equity Incentive Plan. This is an equity grant (award), not an open-market purchase or sale.
Key Details
- Transaction date: August 19, 2026 (Filed on August 20, 2026; filing appears timely).
- Transaction type/code: Award/Grant (A).
- Shares granted: 110,063 restricted shares at $0.00 per share (total $0 reported).
- Vesting: The shares vest in four equal annual installments on each of the next four anniversaries of the grant date, subject to continued employment/service.
- Shares owned after transaction: Not specified in this Form 4.
- Footnote on ownership: Mr. Young holds 67% of the membership interests in Keystone Cranberry, LLC, is Keystone’s sole managing member with sole voting and investment power over shares held by Keystone, and disclaims beneficial ownership of Keystone’s shares except to the extent of any pecuniary interest.
Context Restricted stock grants are typically used for retention and alignment with shareholders; they vest over time and do not represent immediate stock purchases. As a 10% owner (with control via Keystone), this filing reports an award to a major shareholder rather than a routine open-market trade.