Porcelli Francis Michael

Director Porcelli sells 250,000 shares at $4.02-$4.03 for $1.0M (22.3% of holdings)

Porcelli Francis Michael, Director of Smart Sand, Inc., executed 2 separate sales totaling 250,000 shares for $1,006,000.00 on March 4-5, 2026, at prices of $4.03 and $4.02 respectively. This disposition reduced his holdings from 1,119,060 shares to 869,060 shares, a 22.3% reduction of his pre-transaction stake. The sales occurred near the stock's 52-week high of $5.47, with the current price at $4.10 representing a -25.0% drawdown from the year's peak. Given the director's minimal historical transaction activity (1 prior buy across all tickers), this sale marks a material shift in his engagement with the company. The stock's recent 30-day performance of -16.5% and elevated valuation metrics (P/E of 82.00) provide context for evaluating the timing and scale of the disposition.

Director Porcelli buys 28,366 shares of ASPJX at $10.58; first position of $300,113.44

Director Francis Michael Porcelli purchased 28,366 shares of Adams Street Private Equity Navigator Fund LLC at $10.58 on 2025-11-26, establishing an initial position worth $300,113.44. This is Porcelli's first recorded purchase in this fund, moving from zero shares to 28.4K shares. The transaction represents an entry-level accumulation in a private equity-focused closed-end fund; without prior trading history, price context, or comparable peer activity, the trade does not signal a material change in fund performance or insider confidence beyond the basic decision to establish an equity position.