Smart Sand Establishes New $2.5M 10b5-1 Plan for Share Repurchase
SND has more than doubled off its 52-week low of $1.76.
Summary
Smart Sand announced a new $2.5 million 10b5-1 share repurchase plan, continuing the execution of its existing $20 million buyback program for a defined period.
Key Events · Financing and Capital Events · SND
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New 10b5-1 Plan Established
Smart Sand has entered into a Rule 10b5-1 trading plan to repurchase up to $2.5 million of its common stock.
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Part of Existing Repurchase Program
This plan is in connection with the company's previously announced $20 million share repurchase program, signaling ongoing execution.
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Repurchase Window Defined
Purchases under this plan will commence on June 1, 2026, and conclude by August 10, 2026, or upon full utilization of the $2.5 million.
Analysis · SND · Energy & Transportation
Smart Sand has established a new Rule 10b5-1 trading plan to repurchase up to $2.5 million of its common stock. This plan is part of the company's previously announced $20 million share repurchase program and demonstrates a continued commitment to returning capital to shareholders. The plan will be active from June 1, 2026, to August 10, 2026, indicating a new phase of active buyback execution.
At the time of this filing, SND was trading at $4.75 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $204.2M. The 52-week trading range was $1.76 to $5.84. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.