Keystone Cranberry Holds 5.84M Shares in Smart Sand

TL;DR

**Keystone Cranberry still owns 5.84M shares of Smart Sand, showing continued big-investor confidence.**

AI Summary

Keystone Cranberry, LLC, a Pennsylvania-based entity, filed an amended SC 13G/A on February 6, 2024, disclosing its beneficial ownership in Smart Sand, Inc. As of December 31, 2023, Keystone Cranberry, LLC holds shared voting and dispositive power over 5,842,700 shares of Smart Sand's Common Stock. This represents a significant stake, indicating a continued strong interest from a major shareholder, which could signal confidence in the company's future to potential investors.

Why It Matters

This filing shows a major shareholder, Keystone Cranberry, LLC, maintains a substantial stake in Smart Sand, Inc., which can be interpreted as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant ownership stake by an institutional investor, which generally reduces volatility risk.

Analyst Insight

Investors should note the continued substantial ownership by Keystone Cranberry, LLC, as it suggests a long-term commitment from a major holder, which could be a positive signal for stability, but does not inherently indicate future stock performance.

Key Numbers

• 5,842,700 — Shares Beneficially Owned (Represents the total number of Smart Sand, Inc. common shares over which Keystone Cranberry, LLC has shared voting and dispositive power as of December 31, 2023.)
• December 31, 2023 — Date of Event (The specific date that triggered the requirement for this filing, indicating the snapshot of ownership.)
• 005-89697 — SEC File Number (Unique identifier for Smart Sand, Inc.'s filings with the SEC.)

Key Players & Entities

• Keystone Cranberry, LLC (company) — reporting person and beneficial owner of Smart Sand, Inc. shares
• Smart Sand, Inc. (company) — the issuer of the securities
• Charles Edwin Young (person) — filer of the SC 13G/A
• Pennsylvania (company) — place of organization for Keystone Cranberry, LLC

Forward-Looking Statements

• Keystone Cranberry, LLC will maintain a significant ownership stake in Smart Sand, Inc. (Keystone Cranberry, LLC) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.001 — INC. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of

Filing Documents

• a2024sc13gacharlesyoung.htm (SC 13G/A) — 73KB
• 0001628280-24-003495.txt ( ) — 75KB

(a) Name of Issuer

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

(a) Name of Person Filing

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 co 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 13GA Page 5 of 8

Ownership

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 o utstanding 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 13GA Page 6 of 8

Ownership of Five Percent or Less of a Class

ITEM 5. Ownership of Five Percent or Less of a Class Not applicable.

Ownership of More than Five Percent on Behalf of Another Person

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.

Identification and Classification of Members of the Group

ITEM 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

ITEM 9. Notice of Dissolution of Group Not applicable.

Certification

ITEM 10. Certification Not applicable. CUSIP No. 83191H107 13GA 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 13GA 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

View Full Filing

View this SC 13G/A filing on SEC EDGAR