When does the new $20M repurchase program become active and when does it expire?

The New Repurchase Program was approved on February 23, 2026, took effect on April 3, 2026, and will remain active through April 2, 2028. It succeeded the company's prior repurchase program, which was completed before the new program commenced.

How much has Smart Sand spent on repurchases so far under the new program?

During Q2 2026, Smart Sand repurchased 470,088 shares for $2.5 million. Combined with prior program activity and first-quarter repurchases, the company had used approximately $4.0 million of available capital for buybacks through June 30, 2026, leaving roughly $16.0 million remaining under the $20 million authorization.

What was the average price per share paid in Q2 2026?

The company repurchased shares at an average price of approximately $5.32 per share ($2.5 million ÷ 470,088 shares) during the second quarter of 2026.

How does the buyback fit into Smart Sand's overall shareholder return strategy?

Smart Sand is combining share repurchases with special dividends for a total capital return program. Year to date in 2026, the company returned approximately $12.1 million to shareholders through $4.0 million in repurchases and $8.1 million in dividends ($0.10 per share in April and July, with an August payment pending).

What methods can Smart Sand use to execute repurchases?

Purchases may be executed through open market transactions, privately negotiated transactions, transactions structured through investment banking institutions, or other means. The specific timing, manner, price, and amounts are determined entirely at the company's discretion.

SND 8-K Filed 2026-08-11 New authorization

Smart Sand authorizes $20M share repurchase program

Board approves new program effective April 2026; $2.5M spent in Q2

Authorization$20M

MechanismOpen market transactions, priv

What the filing says

Smart Sand's board of directors approved a new $20.0 million share repurchase authorization on February 23, 2026. The "New Repurchase Program" took effect on April 3, 2026, following completion of the company's prior repurchase program, and will remain active through April 2, 2028. The timing, manner, price, and amount of repurchases are at management's discretion, with purchases potentially executed through open market transactions, privately negotiated transactions, or investment banking arrangements.

During the second quarter of 2026, Smart Sand repurchased 470,088 shares for approximately $2.5 million, representing an average price of approximately $5.32 per share. The company spent $1.5 million in the first quarter of 2026 under the prior program, bringing year-to-date repurchase activity to $4.0 million through June 30, 2026.

Including the special dividend of $0.10 per share paid in May and scheduled for August, Smart Sand returned approximately $12.1 million to shareholders year to date in 2026 through a combination of share repurchases and dividends. The new program does not obligate the company to repurchase any particular amount of shares and may be modified or suspended at the company's discretion.

On February 23, 2026, the Company's board of directors approved a share repurchase program authorizing the Company to repurchase up to $20.0 million of its outstanding shares of common stock (the "New Repurchase Program"). The New Repurchase Program took effect on April 3, 2026 after completion of the Company's prior share repurchase program and will continue through April 2, 2028. — Smart Sand, Inc. 8-K filing · View on SEC EDGAR →

What this means

Smart Sand's $20 million repurchase authorization represents a capital-return commitment equivalent to roughly 8.6% of the company's approximate $233 million market capitalization at the Q2 filing date (39.3M shares outstanding at ~$5.32/share). The authorization follows a period of strong operational performance in H1 2026, with record revenues and cash generation supporting both repurchases and special dividends. The program's 24-month window and discretionary structure provide management flexibility to adjust timing and pace based on cash flow and market conditions, without obligating the company to spend any particular amount.

Frequently asked questions

When does the new $20M repurchase program become active and when does it expire?: The New Repurchase Program was approved on February 23, 2026, took effect on April 3, 2026, and will remain active through April 2, 2028. It succeeded the company's prior repurchase program, which was completed before the new program commenced.
How much has Smart Sand spent on repurchases so far under the new program?: During Q2 2026, Smart Sand repurchased 470,088 shares for $2.5 million. Combined with prior program activity and first-quarter repurchases, the company had used approximately $4.0 million of available capital for buybacks through June 30, 2026, leaving roughly $16.0 million remaining under the $20 million authorization.
What was the average price per share paid in Q2 2026?: The company repurchased shares at an average price of approximately $5.32 per share ($2.5 million ÷ 470,088 shares) during the second quarter of 2026.
Does the repurchase program obligate Smart Sand to buy back any shares?: No. The New Repurchase Program does not obligate the company to repurchase any particular amount of shares and may be modified, suspended, or terminated at management's sole discretion at any time.
How does the buyback fit into Smart Sand's overall shareholder return strategy?: Smart Sand is combining share repurchases with special dividends for a total capital return program. Year to date in 2026, the company returned approximately $12.1 million to shareholders through $4.0 million in repurchases and $8.1 million in dividends ($0.10 per share in April and July, with an August payment pending).
What methods can Smart Sand use to execute repurchases?: Purchases may be executed through open market transactions, privately negotiated transactions, transactions structured through investment banking institutions, or other means. The specific timing, manner, price, and amounts are determined entirely at the company's discretion.

authorization mid-cap industrials rule-10b-18 discretionary

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.