Young James Douglas 4

What Happened
James Douglas Young, Executive Vice President, General Counsel and Secretary of Smart Sand, had 5,977 restricted shares withheld to cover tax liability upon vesting. The withholding was executed at $5.19 per share, totaling $31,021. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-02-28
• Transaction type/code: Payment of tax liability / tax withholding (F)
• Shares withheld: 5,977 shares at $5.19 per share = $31,021 total
• Shares owned after transaction: Not specified in this filing
• Footnote: F1 — shares were withheld for tax purposes upon vesting of restricted stock tied to continued employment/service.
• Form 4 filed: 2026-03-03 (as reported in the filing)

Context
This was a routine tax-withholding event tied to restricted stock vesting, which is common for executives and does not represent a discretionary sale or purchase of shares. For retail investors, such withholdings are neutral signals compared with open-market insider purchases or sales.