Filing Analysis
Smart Sand, Inc. announced that its Board of Directors has declared a special cash dividend of $0.10 per share of common stock. The dividend is scheduled to be paid on May 5, 2026, to stockholders of record as of the close of business on April 22, 2026.
Key Facts
- Special dividend amount of $0.10 per share of common stock.
- Declaration date: April 9, 2026.
- Record date for stockholders: April 22, 2026.
- Payment date: May 5, 2026.
- The announcement was made via a press release furnished under Item 7.01 and formal disclosure under Item 8.01.
Smart Sand, Inc. has implemented a Rule 10b5-1 trading plan to facilitate the repurchase of up to $2.5 million of its common stock. The plan is scheduled to execute trades between March 16, 2026, and May 11, 2026, as part of a previously announced repurchase program.
Key Facts
- Entered into a written trading plan under Rule 10b5-1 on March 3, 2026.
- The plan permits repurchases up to a total amount of $2.5 million, including commissions.
- Trades are scheduled to begin no earlier than March 16, 2026.
- The plan will terminate on May 11, 2026, or earlier if the $2.5 million limit is reached.
- Purchases will comply with the daily volume limits of Rule 10b-18.
Smart Sand, Inc. announced its Q4 and full-year 2025 financial results and the approval of a new $20 million share repurchase program. The new two-year program is scheduled to commence on April 4, 2026, upon the expiration of the company's existing repurchase plan.
Key Facts
- Reported earnings for the fourth quarter and full year ended December 31, 2025.
- Board of Directors approved a new $20.0 million share repurchase program on February 23, 2026.
- The New Repurchase Program has a two-year term and becomes effective April 4, 2026.
- The program allows for repurchases in open market or privately negotiated transactions.
- The new program replaces an existing repurchase program expiring in April 2026.