Young James Douglas 4

What Happened

• James D. Young, Executive Vice President, General Counsel and Secretary of Smart Sand, had 7,837 shares withheld to satisfy tax withholding related to the vesting of restricted stock. The withholding was recorded at $5.25 per share, totaling $41,144. This was a tax-withholding event (not an open-market sale).

Key Details

• Transaction date: 2026-02-22. Form 4 filed: 2026-02-24 (timely).
• Withheld/Disposed: 7,837 shares at $5.25 per share; total value of shares withheld ≈ $41,144.
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: F1 — shares were withheld for tax purposes upon vesting of restricted stock tied to continued employment.
• Transaction type/code: F (payment of tax liability via share withholding). This is routine tax withholding, not a discretionary sale (codes: F).

Context

• Withholding to cover taxes (a cashless withholding) is common when restricted stock vests and does not necessarily indicate an insider is selling shares to realize gains.
• Purchases or outright open-market sales often carry more direct interpretive value for investor sentiment than routine tax withholding.