Waldrop Jacob A. 4
4 · Sanara MedTech Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Sanara MedTech (SMTI) COO Jacob Waldrop Withholds 714 Shares
What Happened
Jacob A. Waldrop, Chief Operating Officer of Sanara MedTech Inc., had 714 shares withheld by the company to satisfy tax withholding obligations tied to the annual vesting of 2,930 restricted shares. The per-share value used for the withholding was $19.90, for a total withholding value of $14,209. The remaining 2,216 vested shares were retained by Waldrop (i.e., not sold on the open market).
Key Details
- Transaction date: 2026-02-25; Form filed: 2026-02-27 (not marked late in the provided data).
- Transaction code: F (shares withheld to satisfy tax withholding).
- Shares involved: 2,930 restricted shares vested; 714 shares withheld for taxes at $19.90/share = $14,209.
- Net shares issued to insider from the vesting: 2,216 (2,930 vested minus 714 withheld).
- Footnote: Issuer withheld shares to cover tax obligations; no open-market sale occurred.
- Shares owned after the transaction: not disclosed in the excerpt provided.
Context
Withholding shares to cover taxes on vesting is a routine administrative action and is not an open-market sale or purchase. Such transactions reflect tax settlement of an award rather than a decision to divest or acquire additional stock, so they generally do not indicate a change in insider sentiment.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-25$19.90/sh−714$14,209→ 10,799 total
Footnotes (1)
- [F1]Represents shares of common stock of Sanara MedTech Inc. (the "Issuer") withheld by the Issuer to satisfy tax withholding obligations in connection with the annual vesting of 2,930 shares of restricted stock previously granted to the reporting person. No shares were issued or sold in this transaction. The per-share value assigned to the shares withheld reflects the price per share on the date on which the shares vested as reported on the Nasdaq Capital Market.