2,804 SMTI restricted shares granted to controller Ashley Mackey
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Mackey Ashley M reported acquisition or exercise transactions in this Form 4 filing.
Sanara MedTech Inc. reported that Controller Ashley M. Mackey received a grant of 2,804 shares of restricted common stock at no cash cost under the company’s 2024 Omnibus Long-Term Incentive Plan. The restricted stock vests in three equal installments on March 22 of 2027, 2028 and 2029, if she remains employed on each date.
The amended Form 4 corrects her post‑grant holdings to 4,967 common shares, revising an earlier filing that had overstated the amount as 5,067 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mackey Ashley M
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,804 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,967 shares (Direct, null)
Footnotes (1)
- Represents shares of restricted stock granted by Sanara MedTech Inc. (the "Issuer") to the reporting person pursuant to the Sanara MedTech Inc. 2024 Omnibus Long-Term Incentive Plan. The restricted stock will vest in three equal installments, with one-third of the shares vesting on March 22, 2027, 2028 and 2029, respectively, provided that the reporting person is employed by the Issuer through each such date. The original Form 4, filed on March 23, 2026, is being amended and restated in its entirety to reduce the number of shares of common stock of the Issuer reported as being beneficially owned by the reporting person. The original Form 4 mistakenly indicated that the reporting person held 5,067 shares of common stock, when in fact, as reported in this amendment, the reporting person held 4,967 shares of common stock following the reported transaction.
Key Figures
Restricted stock grant: 2,804 shares
Grant price: $0.0000 per share
Shares owned after grant: 4,967 shares
+3 more
6 metrics
Restricted stock grant
2,804 shares
Common stock awarded on March 22, 2026
Grant price
$0.0000 per share
Equity compensation, no cash paid by insider
Shares owned after grant
4,967 shares
Common stock beneficially owned following transaction
Vesting schedule year 1
One-third of 2,804 shares
Vests March 22, 2027, if still employed
Vesting schedule year 2
One-third of 2,804 shares
Vests March 22, 2028, if still employed
Vesting schedule year 3
One-third of 2,804 shares
Vests March 22, 2029, if still employed
Key Terms
restricted stock, 2024 Omnibus Long-Term Incentive Plan, beneficially owned, vest
4 terms
restricted stock financial
"Represents shares of restricted stock granted by Sanara MedTech Inc."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2024 Omnibus Long-Term Incentive Plan financial
"pursuant to the Sanara MedTech Inc. 2024 Omnibus Long-Term Incentive Plan."
beneficially owned financial
"to reduce the number of shares of common stock of the Issuer reported as being beneficially owned by the reporting person."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
vest financial
"The restricted stock will vest in three equal installments, with one-third of the shares vesting on March 22, 2027, 2028 and 2029"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Sanara MedTech (SMTI) report for Ashley M. Mackey?
Sanara MedTech reported that Controller Ashley M. Mackey received a grant of 2,804 shares of restricted common stock. The award was issued at no cash cost as part of equity compensation, increasing her beneficial ownership to 4,967 common shares following the reported transaction.
Why did Sanara MedTech file an amended Form 4/A for Ashley M. Mackey?
Sanara MedTech filed the amended Form 4/A to correct the number of common shares reported as beneficially owned. The original Form 4 showed 5,067 shares after the transaction, but the amendment clarifies that Ashley M. Mackey actually held 4,967 common shares following the grant.