Waldrop Jacob A. 4

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.