Yon Seth D 4/A
4/A · Sanara MedTech Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Sanara MedTech (SMTI) CEO Seth D. Yon Withholds 414 Shares for Taxes
What Happened
Seth D. Yon, CEO of Sanara MedTech Inc. (SMTI), had 414 shares of common stock withheld by the company to satisfy tax withholding obligations related to the annual vesting of 1,446 restricted shares. The shares were valued at $20.44 each on the vesting date, for a total withholding value of $8,462. This is recorded as a disposition (transaction code F) — a tax-withholding action, not an open-market sale.
Key Details
- Transaction date: 2026-03-01; per-share value: $20.44; total value withheld: $8,462.
- Transaction type: F (shares withheld to satisfy tax obligations on vesting). No shares were sold or issued in connection with this withholding.
- Vesting: 1,446 restricted shares vested; 414 shares were withheld for taxes.
- Filing: Amended Form 4 filed 2026-03-09; original Form 4 (filed 2026-03-02) mistakenly reported 491 shares withheld and is being restated to show the correct 414 shares.
- Shares owned after transaction: not disclosed in the provided amendment.
Context
This is a routine tax-withholding transaction tied to restricted stock vesting and does not reflect an open-market sale or purchase decision by the insider. The amendment corrects the number of shares withheld from the originally reported figure.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-03-01$20.44/sh−414$8,462→ 88,564 total
Footnotes (2)
- [F1]The original Form 4, filed on March 2, 2026, is being amended and restated in its entirety to reduce the number of 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 1,446 shares of restricted stock previously granted to the Seth D. Yon (the "Reporting Person"). The original Form 4 mistakenly indicated that the Issuer withheld 491 shares of common stock, when in fact, as reported in this amendment, the Issuer withheld 414 shares of common stock.
- [F2]Represents shares of common stock of the Issuer withheld by the Issuer to satisfy tax withholding obligations in connection with the annual vesting of 1,446 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.