Waldrop Jacob A. 4
4 · Sanara MedTech Inc. · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Sanara MedTech COO Jacob Waldrop Withholds 378 Shares for Taxes
What Happened
Jacob A. Waldrop, Chief Operating Officer of Sanara MedTech Inc. (SMTI), had 378 shares of common stock withheld by the company on April 15, 2026 to satisfy tax withholding obligations related to the annual vesting of restricted stock. The withheld shares were valued at $20.01 each, for a total of $7,564. This was a tax-withholding disposition tied to vesting—not an open-market sale or new purchase.
Key Details
- Transaction date: 2026-04-15; Form 4 filed 2026-04-16 (timely filing).
- Withheld: 378 shares at $20.01 per share; total value $7,564.
- Related vesting: 1,551 restricted shares vested; 378 were withheld to cover taxes (per footnote). No shares were issued or sold in this transaction.
- Filing type/transaction code: F (tax withholding).
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
Withholding shares to cover tax obligations upon vesting is a common administrative action and does not by itself signal a buy/sell decision by the insider. The per-share value used for withholding reflects the Nasdaq price on the vesting date, per the filing footnote.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-04-15$20.01/sh−378$7,564→ 24,377 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 1,551 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.