Smart Sand, Inc. (NASDAQ: SND) announced Friday it has entered into a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934. The plan allows the repurchase of up to $2.5 million of its common stock, including commissions—roughly 1.2% of its current market cap.
Purchases will adhere to the maximum daily target volume under Rule 10b-18. Trading will not begin before June 1, 2026, and will end upon full use of the allocation or August 10, 2026.
A broker selected by Smart Sand will repurchase shares on the company's behalf. Smart Sand is not obligated to buy a specific number of shares at any specific time.
Repurchase details will be disclosed in Smart Sand's 10-Q and 10-K filings.
In other news, Smart Sand declared a special cash dividend of $0.10 per share, payable on May 5, 2026, to shareholders of record by April 22, 2026.
