Smart Sand Inc.
03/03/2026 | Press release | Distributed by Public on 03/03/2026 15:02
Material Event (Form 8-K)
Item 8.01. Other Events.
On March 3, 2026, Smart Sand, Inc. (the "Company") entered into a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company implemented this written trading plan in connection with its previously announced share repurchase programs,as described in the Company's 2025 Annual Report on Form 10-K, filed with the Securities and Exchange Commission ("SEC") onFebruary 27, 2026, and Current Report on Form 8-K, filed with the SEC on February 27, 2026.
The trading plan will permit purchases up to a total purchase amount of $2.5 million of shares (including commissions). The number of shares of Company common stock to be purchased on any purchase day will be up to the maximum daily target volume allowable under Rule 10b-18 of the Exchange Act. Trades under the plan will not be effected before March 16, 2026, and will cease upon the earlier of (i) full use of the $2.5 million or (ii) the close of business on May 11, 2026.
Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or pursuant to insider trading laws. A broker selected by the Company will have the authority under the terms and limitations specified in the plan to repurchase shares on the Company's behalf in accordance with the terms of the plan. Adopting this trading plan does not require the Company or its broker to purchase a specific number of shares, nor does it obligate the Company or its broker to make any repurchases at any specific time. After the expiration of the current trading plan, the Company may from time to time enter into subsequent trading plans under Rule 10b5-1 to facilitate the repurchase of its common stock pursuant to its share repurchase program.
Information regarding share repurchases will be available in the Company's periodic reports on Forms 10-Q and 10-K filed with the SEC as required by the applicable rules of the Exchange Act.
This report contains forward-looking information, as that term is defined under the Exchange Act, including information regarding purchases by the Company of its common stock pursuant to a 10b5-1 trading plan. By their nature, forward-looking information and statements are subject to risks, uncertainties, and contingencies, including changes in price and volume and the volatility of the Company's common stock; adverse developments affecting either or both of prices and trading of exchange-traded securities, including securities listed on NASDAQ; and unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company.The Company's 2025 Annual Report on Form 10-K, filed with the SEC on February 27, 2026 includes information regarding other risk factors and cautionary information.The Company does not undertake to update any forward-looking statements or information, including those contained in this report.
Smart Sand Inc. published this content on March 03, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 03, 2026 at 21:02 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]