Sanara MedTech (SMTI) CEO Yon Seth Withholds 491 Shares for Taxes

What Happened
Yon Seth, CEO of Sanara MedTech Inc. (SMTI), had 491 shares of common stock withheld by the company on 2026-03-01 to satisfy tax withholding obligations related to the annual vesting of 1,446 restricted shares. The per-share value for the withholding was $20.44, producing a withholding value of $10,036. No shares were sold or issued in a market transaction as part of this action.

Key Details

• Transaction date: 2026-03-01; filing date: 2026-03-02 (filed the next day).
• Withheld: 491 shares at $20.44 per share; total value $10,036. Transaction code: F (tax withholding).
• Reason: To satisfy tax withholding on the annual vesting of 1,446 restricted shares previously granted.
• No open-market sale occurred — the issuer withheld shares to cover taxes.
• Shares owned after the transaction: not provided in the supplied filing details.
• Footnote: the per-share value reflects the Nasdaq price on the vesting date as reported by the issuer.

Context
This was a routine tax-withholding event tied to restricted stock vesting (not a purchase or a discretionary sale) and generally does not indicate a change in the insider’s view of the company. F-code transactions are common when vested awards trigger tax obligations; they are administrative rather than market-moving.