The Form 144 signals insider intent to monetize compensation shares at current levels. Combined with 6 insider sells totaling $536K in the past 30 days and a bearish analyst consensus (0% bullish), this adds to a pattern of insider distribution. Monitor for actual Form 4 filings to confirm execution. The stock's recent volatility and weak institutional sentiment suggest continued downside risk.
Price Chart
Executive Summary
Officer Lee E. Beckelman filed a Form 144 on August 19, 2026, indicating intent to sell 50,000 shares of Smart Sand (SND) with an approximate market value of $239,500. This is a single filing (not a batch of distinct filings — both documents are identical copies of the same submission). The sale represents about 0.12% of shares outstanding and ~45% of the insider's recent compensation-derived holdings. While the dollar amount is modest relative to the $211M market cap, the timing is notable given the stock's recent volatility and the company's weak analyst consensus (0% bullish).
Key Facts
- Insider Lee E. Beckelman (Officer) filed Form 144 to sell 50,000 shares of common stock.
- Estimated aggregate market value of the proposed sale: $239,500.
- Shares to be sold were acquired through compensation grants from 2019 and 2020.
- The filing represents approximately 0.12% of total shares outstanding (42,399,061 shares).
- Recent insider activity shows 6 sells totaling $536K in the past 30 days.
- Analyst consensus is heavily bearish: 0% bullish, with 4 Sell and 1 Strong Sell ratings.
- Top institutional holders include BlackRock ($10M) and Vanguard ($5M), with mixed recent moves.
Financial Impact
Proposed sale of 50,000 shares valued at ~$239,500, representing ~0.12% of outstanding shares.
Risk Factors
- Insider selling may signal lack of confidence in near-term prospects.
- Bearish analyst consensus (4 Sell, 1 Strong Sell) with no bullish ratings.
- Recent insider selling pattern (6 sells, $536K in 30 days) could accelerate.
- Form 144 is an intent to sell — actual sale may not occur, but filing itself is a negative signal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (SND) — Batch item 1 | 0001628280-26-058085 |
| Document: 0001628280-26-058085-index.html | 0001628280-26-058085 |
| Document: 0001628280-26-058085.txt | 0001628280-26-058085 |
| 144 Filing (SND) — Batch item 4 | 0001628280-26-058085 |
| Document: 0001628280-26-058085-index.html | 0001628280-26-058085 |
| Document: 0001628280-26-058085.txt | 0001628280-26-058085 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 9w ago | Insider Cluster | $4.69 $5.07 | ▲ +8.10% | ▲ +7.85% | $4.97 (+5.97%) |
Aug 19, 2026 9w ago | Insider Cluster | $4.85 $5.38 | ▲ +10.93% | ▲ +10.93% | $4.97 (+2.47%) |
Aug 19, 2026 9w ago | Insider Cluster | $4.85 $5.38 | ▲ +10.93% | ▲ +10.93% | $4.97 (+2.47%) |
Aug 19, 2026 9w ago | 144 | $4.85 $5.38 | ▼ −10.93% | ▼ −10.93% | $4.97 (−2.47%) |
Aug 17, 2026 10w ago | Insider Cluster | $4.97 $5.31 | ▲ +6.74% | ▲ +7.73% | $4.97 (−0.00%) |
Aug 11, 2026 11w ago | 8-K | $4.96 $5.20 | ▲ +4.84% | ▲ +6.74% | $4.97 (+0.20%) |
Jun 1, 2026 21w ago | Insider Cluster | $4.91 $4.73 | ▼ −3.67% | ▼ −2.10% | $4.97 (+1.22%) |
May 12, 2026 24w ago | 8-K | $4.61 $5.19 | ▲ +12.58% | ▲ +13.19% | $4.97 (+7.81%) |
Apr 22, 2026 26w ago | DEFA14A | $5.28 $4.88 | ▼ −7.58% | ▼ −12.21% | $4.97 (−5.87%) |
US Market Status
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