Smart Sand, Inc.: insider trades · United States · SEC (Form 4)

About Smart Sand, Inc.

Smart Sand, Inc. (ticker: SND) is a United States-based company listed on NASDAQ. It operates as a fully integrated supplier of frac sand and industrial sand, with a logistics and wellsite-storage offering built around its SmartSystems platform. In practical terms, Smart Sand sits in the industrial materials value chain, supplying high-quality Northern White proppant and associated mine-to-wellsite solutions to the oil and gas industry, while also serving a growing base of industrial end markets. For investors, the company is best understood as a cyclical materials player with exposure to North American energy activity rather than as a conventional consumer-facing industrial company. The company was incorporated in July 2011 and began operations in July 2012 after completing the first phase of its Oakdale, Wisconsin facility. That origin matters: Smart Sand was built around a logistics-efficient asset base, including rail access and processing infrastructure designed to move product cost-effectively from mine to customer. Over time, the company expanded through additional capacity investments and the acquisition of the Utica, Illinois mine and processing facilities, reinforcing its footprint in the U.S. sand supply chain. While its historical headquarters was in The Woodlands, Texas, recent corporate references show a U.S. headquarters presence in the Houston area and a corporate address in Yardley, Pennsylvania. In any case, the company remains firmly U.S.-centered. Smart Sand’s business model has two main pillars. First is its frac sand business, focused on mining, processing, and selling Northern White sand used in hydraulic fracturing. Second is its proppant logistics business, which includes in-basin transloading terminals and wellsite storage capabilities. Those services are strategically important because they help customers manage delivery, storage, and last-mile supply chain efficiency. In addition, Smart Sand has been developing its Industrial Products Solutions (IPS) segment to diversify away from the more volatile oilfield market. IPS supplies sand to a broader set of end uses such as glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf and landscaping, retail, and recreation. From a competitive standpoint, Smart Sand differentiates itself through integration, product quality, and logistics execution. Its Northern White positioning is relevant because some customers value consistency and performance characteristics in proppant selection. The company also benefits from strategic locations tied to major U.S. energy basins, helping it serve customers in active shale regions more efficiently. That geographic proximity is a core part of its cost and service proposition. Recent company updates indicate improving momentum in 2025, including stronger focus on the Industrial Products Solutions business and ongoing refinement of its SmartSystems product design. The company also announced shareholder dividends, which is notable in a sector that can be highly cyclical and capital intensive. Its recent annual results showed higher revenue year over year versus 2024, along with a healthier cash position, although profitability remains sensitive to industry conditions. For international equity investors, Smart Sand is a niche U.S. industrial materials company with attractive operating leverage in stronger energy markets, but also meaningful exposure to demand cycles in hydraulic fracturing.