Sanara MedTech (SMTI) Director Eric Tanzberger Receives Award

What Happened

Eric D. Tanzberger, a director of Sanara MedTech, was granted 5,308 restricted shares on 2026-06-04. The shares were reported at $0.00 per share (total reported value $0) and are listed as an award/grant (Form 4 transaction code A). This was a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-04, 5,308 shares at $0.00 per share (total $0).
• Filing date: 2026-06-05 (Form 4 accession 0001493152-26-027593) — filed within the typical two-business-day window.
• Shares owned after transaction: not specified in the filing provided.
• Footnote summary: Shares are restricted stock granted under Sanara MedTech’s 2024 Omnibus Long-Term Incentive Plan; they vest on the earlier of the 2027 annual shareholder meeting or June 4, 2027, provided the director continues to provide required services.
• Transaction code: A = Award/Grant.

Context

Restricted stock awards are a common form of director compensation and vest over time; they do not indicate an immediate market purchase or sale. Vesting is service-dependent and awards can be forfeited if the director leaves before the vesting date. For retail investors, such grants are routine and informational rather than a clear bullish or bearish signal.