Sanara MedTech CEO Yon Seth Withholds 3,661 Shares for Taxes

What Happened
Yon Seth D, CEO of Sanara MedTech Inc. (SMTI), had 3,661 shares withheld by the company on 2026-09-15 to satisfy tax withholding obligations tied to the annual vesting of restricted stock. The withholding was recorded at $35.11 per share for a total withholding value of $128,538. No shares were sold on the open market and no cash changed hands as part of this transaction.

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-16 (appears timely).
• Withheld shares: 3,661 at $35.11 per share; total value $128,538.
• Reason: Tax withholding in connection with the vesting of 9,521 restricted shares previously granted (per footnote).
• Footnote: The 3,661 shares were withheld by the issuer to meet tax obligations; no shares were issued or sold. The per-share value reflects the Nasdaq closing price on the vesting date.
• Shares owned after transaction: Not specified in the filing.

Context
This was a routine tax-withholding action (transaction code F) following vesting of restricted stock, not an open-market sale or purchase. Such withholdings are administrative and do not necessarily indicate the insider's view of the company’s prospects.