Smart Sand, Inc.

Smart Sand, Inc. stockholders approved the 2026 Equity Incentive Plan and the 2026 Employee Stock Purchase Plan (ESPP) at their Annual Meeting on June 2, 2026. The Equity Incentive Plan replaces the previous 2016 plan and reserves 2,400,000 new shares, in addition to certain shares from the prior plan. The ESPP reserves 3,000,000 shares, allowing eligible employees to purchase common stock at a discounted price through payroll deductions. Both plans are effective immediately and are set to expire in 2036.

Smart Sand, Inc. has established a Rule 10b5-1 trading plan on May 15, 2026, to facilitate its previously announced share repurchase programs. This plan allows for the repurchase of up to $2.5 million in shares, including commissions. Purchases are set to begin no earlier than June 1, 2026, and will conclude upon the full utilization of the $2.5 million or by August 10, 2026, whichever occurs first.

Smart Sand, Inc. reported first-quarter 2026 revenue of $93.1 million, a 41.9% increase year-over-year, alongside a net loss of $(3.9) million. The company achieved a record quarterly sales volume of nearly 1.5 million tons and generated $0.8 million in free cash flow. Smart Sand also announced a new $20.0 million share repurchase program and paid a special dividend of $0.10 per share, totaling $3.9 million to shareholders.

Smart Sand, Inc. reported a significantly reduced net loss of $3.86 million for the first quarter of 2026, a substantial improvement from a $24.23 million net loss in the prior year. Total revenue increased to $93.11 million, primarily driven by a strong performance in the Sand segment, which saw revenues rise to $92.49 million. However, the SmartSystems segment experienced a decline in revenue. The company also declared a special dividend of $0.10 per share, amounting to approximately $3.94 million.