Yon Seth D 4
4 · Sanara MedTech Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Sanara MedTech (SMTI) CEO Yon Seth Withholds 873 Shares for Taxes
What Happened
- Yon Seth D, CEO of Sanara MedTech Inc. (SMTI), had 873 shares withheld by the company on 2026-02-25 to satisfy tax withholding related to the annual vesting of 3,049 restricted shares. The withheld shares are valued at $19.90 each, totaling $17,373. This was a tax-withholding transaction, not an open-market sale.
Key Details
- Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears timely).
- Withheld shares: 873 at $19.90 per share; total value $17,373.
- Vesting referenced: 3,049 restricted shares vested; 873 shares withheld to cover taxes.
- Shares issued/sold: No shares were sold or issued in this transaction (per footnote).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Per the filing, the per-share value reflects the Nasdaq price on the vesting date; withholding was to satisfy tax obligations.
Context
- Tax-withholding by an issuer on vested restricted stock is a routine administrative action and does not indicate an insider-initiated sale or a change in confidence. For retail investors, these filings document compensation vesting and tax mechanics rather than market-driven insider selling or buying.
Insider Transaction Report
Form 4
Yon Seth D
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-02-25$19.90/sh−873$17,373→ 88,978 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 3,049 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.
Signature
/s/ Seth D. Yon|2026-02-26