SEC Form SC 13G/A filed by Smart Sand Inc. (Amendment)
$SND
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 7)
(Amendment No. 7)
SMART SAND, INC.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
83191H107
(CUSIP Number)
December 31, 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)
[ X] 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.
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).
| CUSIP No. 83191H107 | 13G/A | Page 2 of 8 | ||||||
| 1 | NAMES OF REPORTING PERSONS Keystone Cranberry, LLC | |||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] | |||||||||||||
| 3 | SEC USE ONLY | |||||||||||||
| 4 | CITIZEN OR PLACE OF ORGANIZATION Pennsylvania | |||||||||||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER -0- | ||||||||||||
| 6 | SHARED VOTING POWER 5,842,700 (1) | |||||||||||||
| 7 | SOLE DISPOSITIVE POWER -0- | |||||||||||||
| 8 | SHARED DISPOSITIVE POWER 5,842,700 (1) | |||||||||||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,842,700 (1) | |||||||||||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES Not Applicable | |||||||||||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.2% (2) | |||||||||||||
| 12 | TYPE OF REPORTING PERSON OO (limited liability company) | |||||||||||||
(1) Based on December 31, 2023 holdings of Issuer securities. As of December 31, 2023, Charles E. Young owned approximately 67% of the membership interests Keystone Cranberry, LLC and is the sole managing member of Keystone Cranberry, LLC, and has sole voting and investment power over the shares held by Keystone Cranberry, LLC.
(2) Based on 41,117,111 outstanding shares of the Issuer’s common stock as of December 31, 2023, which information was provided by the Issuer to the Reporting Person.
| CUSIP No. 83191H107 | 13G/A | Page 3 of 8 | ||||||
| 1 | NAMES OF REPORTING PERSONS Charles E. Young | |||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] | |||||||||||||
| 3 | SEC USE ONLY | |||||||||||||
| 4 | CITIZEN OR PLACE OF ORGANIZATION United States | |||||||||||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 6,699,934 (1) | ||||||||||||
| 6 | SHARED VOTING POWER -0- | |||||||||||||
| 7 | SOLE DISPOSITIVE POWER 6,699,934 (1) | |||||||||||||
| 8 | SHARED DISPOSITIVE POWER -0- | |||||||||||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,699,934(1) | |||||||||||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES Not Applicable | |||||||||||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.3% (2) | |||||||||||||
| 12 | TYPE OF REPORTING PERSON IN (Individual) | |||||||||||||
(1) Based on December 31, 2023 holdings of Issuer securities. As of December 31, 3023, Charles E. Young owned approximately 67% of the membership interests in Keystone Cranberry, LLC, is the sole managing member of Keystone Cranberry, LLC and has sole voting and investment power over the 5,842,700 shares held by Keystone Cranberry, LLC. Mr. Young disclaims beneficial ownership of the shares held by Keystone Cranberry, LLC except to the extent of his pecuniary interest therein. Also includes (i) 597,432 shares held directly by Mr. Young and (ii) 259,802 restricted shares issued under the Issuer’s 2016 Omnibus Incentive Plan (“2016 Plan”) to Mr. Young that are subject to time vesting requirements. Does not include 376,406 restricted shares issued to Mr. Young under the 2016 Plan that are subject to performance-based vesting requirements.
(2) Based on 41,117,111 outstanding shares of the Issuer’s common stock as of December 31, 2023 which information was provided by the Issuer to the Reporting Person.
| CUSIP No. 83191H107 | 13G/A | Page 4 of 8 | ||||||
ITEM 1. (a) Name of Issuer:
Smart Sand, Inc., a Delaware corporation (the “Issuer”)
(a) Address of Issuer's Principal Executive Offices:
28420 Hardy Toll Road, Suite 130
Spring, TX 77373
ITEM 2. (a) Name of Person Filing:
Keystone Cranberry, LLC, a Pennsylvania limited liability company
Charles E. Young
(a) Address or Principal Business Office:
Principal business office for Keystone Cranberry, LLC and Charles E. Young:
c/o Smart Sand, Inc.
28420 Hardy Toll Road, Suite 130
Spring, TX 77373
(b) Citizenship:
Keystone Cranberry, LLC Pennsylvania
Charles E. Young United States
(c) Title of Class of Securities:
Common Stock, $0.001 par value per share
(d) CUSIP Number:
83191H107
ITEM 3.
Not applicable.
| CUSIP No. 83191H107 | 13G/A | Page 5 of 8 | ||||||
ITEM 4. Ownership
Keystone Cranberry, LLC
| (a) | Amount beneficially owned: | 5,842,700 | (1) | ||||||||
| (b) | Percent of class: | 14.2% | (2) | ||||||||
| (c) | Number of shares as to which such person has: | ||||||||||
| (i) Sole power to vote or to direct the vote: | None | (1) | |||||||||
| (ii) Shared power to vote or to direct the vote: | 5,842,700 | ||||||||||
| (iii) Sole power to dispose or to direct the disposition of: | None | (1) | |||||||||
| (iv) Shared power to dispose or to direct the disposition of: | 5,842,700 | ||||||||||
Charles E. Young
| (a) | Amount beneficially owned: | 6,699,934 | (1) | ||||||||
| (b) | Percent of class: | 16.3% | (2) | ||||||||
| (c) | Number of shares as to which such person has: | ||||||||||
| (i) Sole power to vote or to direct the vote: | 6,699,934 | (1) | |||||||||
| (ii) Shared power to vote or to direct the vote: | None | ||||||||||
| (iii) Sole power to dispose or to direct the disposition of: | 6,699,934 | (1) | |||||||||
| (iv) Shared power to dispose or to direct the disposition of: | None | ||||||||||
(1) Based on December 31, 2023 holdings of Issuer securities. As of December 31, 2023, Charles E. Young owned approximately 67% of the membership interests in Keystone Cranberry, LLC, is the sole managing member of Keystone Cranberry, LLC and has sole voting and investment power over the 5,842,700 shares held by Keystone Cranberry, LLC. Mr. Young disclaims beneficial ownership of the shares held by Keystone Cranberry, LLC except to the extent of his pecuniary interest therein. Also includes (i) 597,432 shares held directly by Mr. Young and (ii) 259,802 restricted shares issued under the 2016 Plan to Mr. Young that are subject to time vesting requirements. Does not include 376,406 restricted shares issued to Mr. Young under the 2016 Plan that are subject to performance-based vesting requirements.
(2) Based on 41,117,111 outstanding shares of the Issuer’s common stock as of December 31, 2023, which information was provided by the Issuer to the Reporting Person.
| CUSIP No. 83191H107 | 13G/A | Page 6 of 8 | ||||||
ITEM 5. Ownership of Five Percent or Less of a Class
Not applicable.
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
Not applicable.
ITEM 8. Identification and Classification of Members of the Group
Not applicable.
ITEM 9. Notice of Dissolution of Group
Not applicable.
ITEM 10. Certification
Not applicable.
| CUSIP No. 83191H107 | 13G/A | Page 7 of 8 | ||||||
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 6, 2024
KEYSTONE CRANBERRY, LLC
By: /s/ Charles E. Young
Name: Charles E. Young
Title: Sole Managing Member
CHARLES E. YOUNG
By: /s/ Charles E. Young
| CUSIP No. 83191H107 | 13G/A | Page 8 of 8 | ||||||
JOINT FILING AGREEMENT
In accordance with Rule 13(d)-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other of the attached statement on Schedule 13G and to all amendments to such statement.
IN WITNESS WHEREOF, the undersigned hereby executed this Agreement as of February 6, 2024.
KEYSTONE CRANBERRY, LLC
By: /s/ Charles E. Young
Name: Charles E. Young
Title: Sole Managing Member
CHARLES E. YOUNG
By: /s/ Charles E. Young