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    SEC Form SC 13G/A filed by Smart Sand Inc. (Amendment)

    3/15/23 3:54:26 PM ET
    $SND
    Mining & Quarrying of Nonmetallic Minerals (No Fuels)
    Industrials
    Get the next $SND alert in real time by email
    SC 13G/A 1 brhc10049472_sc13ga.htm SC 13G/A

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    SCHEDULE 13G
    Under the Securities Exchange Act of 1934
    (Amendment No. 5)*

    Smart Sand, Inc.
    (Name of Issuer)

    Common Stock, par value $0.001 per share
    (Title of Class of Securities)

    83191H107
    (CUSIP Number)

    March 14, 2023**
    (Date of Event which Requires Filing of this Statement)

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    ☐
    Rule 13d-1(b)
    ☐
    Rule 13d-1(c)
    ☒
    Rule 13d-1(d)

    *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

    ** This Amendment No. 5 to Schedule 13G is being filed voluntarily to report that the Reporting Persons no longer beneficially own more than 5% of the Issuer’s Common Stock.

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



    SCHEDULE 13G
    CUSIP No. 83191H107
    Page 2 of 10 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Clearlake Capital Group, L.P.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    0
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.0%
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IA, PN
     
     
     
     


    SCHEDULE 13G
    CUSIP No. 83191H107
    Page 3 of 10 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    José Enrique Feliciano
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    United States of America
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    16,364
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    16,364
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    16,364
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.04%
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IN, HC
     
     
     
     


    SCHEDULE 13G
    CUSIP No. 83191H107
    Page 4 of 10 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Behdad Eghbali
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    United States of America
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    0
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.0%
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IN, HC
     
     
     
     


    SCHEDULE 13G
    CUSIP No. 83191H107
    Page 5 of 10 Pages
    Item 1(a).
    Name of Issuer:

    Smart Sand, Inc. (the “Issuer”)

    Item 1(b).
    Address of Issuer’s Principal Executive Offices:

    1725 Hughes Landing Blvd, Suite 800, The Woodlands, Texas 77380

    Item 2(a).
    Name of Persons Filing:

    This Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):


    i)
    Clearlake Capital Group, L.P. (“Clearlake Capital Group”);

    ii)
    José Enrique Feliciano (“Mr. Feliciano”); and

    iii)
    Behdad Eghbali (“Mr. Eghbali”)

    This Statement relates to the Shares (as defined herein) held for the account of or on behalf of Clearlake Capital Partners II (Master), L.P., a Delaware limited partnership (“Clearlake Capital Partners II”). Clearlake Capital Group, L.P. serves as the investment adviser to and controls Clearlake Capital Partners II. Mr. Feliciano and Mr. Eghbali are Managing Partners of Clearlake Capital Group, L.P.

    Item 2(b).
    Address of Principal Business Office or, if none, Residence:

    The address of the principal business office of each of the Reporting Persons is c/o Clearlake Capital Group, L.P., 233 Wilshire Blvd., Suite 800, Santa Monica, California 90401.

    Item 2(c).
    Citizenship:


    i)
    Clearlake Capital Group is a Delaware limited partnership;

    ii)
    Mr. Feliciano is a citizen of the United States of America; and

    iii)
    Mr. Eghbali is a citizen of the United States of America

    Item 2(d).
    Title of Class of Securities:

    Common Stock, par value $0.001 per share (the “Shares”)

    Item 2(e).
    CUSIP Number:

    83191H107

    Item 3.
    If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

    This Item 3 is not applicable.


    SCHEDULE 13G
    CUSIP No. 83191H107
    Page 6 of 10 Pages
    Item 4.
    Ownership:


    (a)
    Amount beneficially owned:

    As of March 14, 2023, each of the Clearlake Capital Group and Mr. Eghbali may be deemed the beneficial owner of 0 Shares, and Mr. Feliciano may be deemed the beneficial owner of 16,364 Shares underlying Restricted Stock Awards, which are held for the benefit of Clearlake Capital Partners II.


    (b)
    Percent of class:

    As of March 14, 2023, each of Clearlake Capital Group and Mr. Eghbali may be deemed the beneficial owner of 0.0% of the Shares outstanding, and Mr Feliciano may be deemed the beneficial owner of approximately 0.04% of the Shares outstanding. (There were 45,831,269 Shares outstanding as of February 21, 2023, as reported in the Issuer’s annual report on Form 10-K filed with the Securities and Exchange Commission on February 28, 2023.).


    (c)
    Number of shares as to which such person has:

    Clearlake Capital Group and Mr. Eghbali:


    (i)
    Sole power to vote or to direct the vote: 0

    (ii)
    Shared power to vote or to direct the vote: 0

    (iii)
    Sole power to dispose or to direct the disposition of: 0

    (iv)
    Shared power to dispose or to direct the disposition of: 0

    Mr. Feliciano:


    (i)
    Sole power to vote or to direct the vote: 16,364

    (ii)
    Shared power to vote or to direct the vote: 0

    (iii)
    Sole power to dispose or to direct the disposition of: 16,364

    (iv)
    Shared power to dispose or to direct the disposition of: 0

    Item 5.
    Ownership of Five Percent or Less of a Class:

    If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.

    Item 6.
    Ownership of More Than Five Percent on Behalf of Another Person:

    See disclosure in Items 2 and 4 hereof.

    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:

    See disclosure in Item 2 hereof.

    Item 8.
    Identification and Classification of Members of the Group:

    This Item 8 is not applicable.

    Item 9.
    Notice of Dissolution of Group:

    This Item 9 is not applicable.


    SCHEDULE 13G
    CUSIP No. 83191H107
    Page 7 of 10 Pages
    Item 10.
    Certification:

    This Item 10 is not applicable.


    SCHEDULE 13G
    CUSIP No. 83191H107
    Page 8 of 10 Pages
    SIGNATURE

    After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. We also hereby agree to file this statement jointly pursuant to the Agreement listed on Exhibit 1 hereto.

    Dated: March 15, 2023

    CLEARLAKE CAPITAL GROUP, L.P.
       
    By:
    /s/ John Cannon
    Name:
    John Cannon
    Attorney-in-Fact
     
    JOSÉ E. FELICIANO
       
    By:
    /s/ John Cannon
    Attorney-in-Fact
     
    BEHDAD EGHBALI
     
    By:
    /s/ John Cannon
    Attorney-in-Fact


    SCHEDULE 13G
    CUSIP No. 83191H107
    Page 9 of 10 Pages

    EXHIBIT INDEX

    Exhibit No.
    1
    Joint Filing Agreement, dated March 15, 2023
    2
    Power of Attorney of Reporting Persons (incorporated by reference to Exhibit No. 2 to the Schedule 13G filed by the Reporting Persons on February 8, 2021)


    SCHEDULE 13G
    CUSIP No. 83191H107
    Page 10 of 10 Pages
    Exhibit 1

    JOINT FILING AGREEMENT

    In accordance with the requirements of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set forth below agree to jointly file the Schedule 13G to which this joint filing agreement is attached, and have duly executed this joint filing agreement as of the date set forth below.

    This agreement may be executed in any number of counterparts, each of which shall be deemed an original.

    EXECUTED this 15th of March, 2023

    CLEARLAKE CAPITAL GROUP, L.P.
       
    By:
    /s/ John Cannon
    Name:
    John Cannon
    Attorney-in-Fact
     
    JOSÉ E. FELICIANO
       
    By:
    /s/ John Cannon
    Attorney-in-Fact
     
    BEHDAD EGHBALI
       
    By:
    /s/ John Cannon
    Attorney-in-Fact



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