secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001529628-23-000015
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand repurchases all 5.18M shares from Clearlake for $8.85M, extends EQT frac sand contract
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- Repurchased 5.18M shares (11.3% of outstanding) from Clearlake for $8.85M; $4.42M cash plus promissory note due Dec 15, 2023.
- Amended EQT PPA: term extended through 2025, annual tonnage increased, additional flexibility.
- Appointed Christopher Green as VP of Accounting and principal accounting officer (internal promotion, no new compensation).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962823000015/0001529628-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962823000015/snd-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001529628-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer