CLEARLAKE CAPITAL GROUP, L.P. - 20 Dec 2021 Form 4 Insider Report for Smart Sand, Inc. (SND)

Role
Director, 10%+ Owner
Signature
/s/ See Signatures Included in Exhibit 99.1
Issuer symbol
SND
Transactions as of
20 Dec 2021
Net transactions value
-$316,196
Form type
4
Filing time
21 Dec 2021, 19:41:14 UTC
Previous filing
16 Nov 2021
Next filing
17 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SND Common Stock, par value $0.001 per share Sale $316,196 -167,779 -1.5% $1.88 10,752,666 20 Dec 2021 See footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of Forward Sale Contract on December 20, 2021 for which the number of shares to be delivered and the sale price was determined as of December 17, 2021.
F2 The shares are held of record by Clearlake Capital Partners II (Master), L.P. ("CCPII"), which is managed by Clearlake Capital Management II, L.P., a Delaware limited partnership ("CCMII"). CCMII's general partner is Clearlake Capital Group, L.P., whose general partner is CCG Operations, L.L.C., a Delaware limited liability company ("CCG Ops").
F3 CCPII's general partner is Clearlake Capital Partners II GP, L.P., a Delaware limited partnership ("CCPII GP"). CCPII GP's general partner is Clearlake Capital Partners, LLC, a Delaware limited liability company ("CCP"). CCP's managing member is CCG Ops. Jose E. Feliciano and Behdad Eghbali are managers of CCG Ops and may be deemed to share voting and investment power of the shares held of record by CCPII.
F4 Each the Reporting Persons disclaims beneficial ownership of the shares held of record by CCPII except to the extent of its pecuniary interest therein.

Remarks:

Mr. Feliciano, as a representative of the reporting persons, is a director of Smart Sand, Inc. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons are deemed directors by deputization by virtue of their representation on the Board of Directors of Smart Sand, Inc.