secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2025-05-22T23:59:59+00:00
Accession:  0001529628-25-000094
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand adopts 10b5-1 plan to repurchase up to $1.5M in common stock
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- Enters 10b5-1 trading plan for share repurchases up to $1.5 million (incl. commissions) under existing $10M program.
- Trades begin May 28, 2025; plan expires upon full use or August 11, 2025.
- Amends credit agreement with First-Citizens Bank to permit the plan, reaffirming existing obligations and collateral.
- Plan allows repurchases during blackout periods; broker executes trades per plan terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962825000094/0001529628-25-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962825000094/snd-20250516.htm
  HTML page:      https://secwatch.observer/filing/0001529628-25-000094

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