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.