Sanara MedTech (SMTI) CEO has shares withheld to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sanara MedTech Inc. director and Chief Executive Officer Yon Seth D reported a tax-related share withholding tied to restricted stock vesting. The company withheld 873 shares of common stock to cover tax obligations when 3,049 previously granted restricted shares vested, and no shares were issued or sold in the market. After this withholding, Yon Seth D directly owns 88,978 shares of Sanara MedTech common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yon Seth D
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 873 | $19.90 | $17K |
Holdings After Transaction:
Common Stock — 88,978 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Sanara MedTech (SMTI) report for Yon Seth D?
Sanara MedTech reported a tax-withholding disposition for CEO Yon Seth D. 873 shares of common stock were withheld to satisfy tax obligations related to the vesting of 3,049 restricted shares previously granted to him.
What does transaction code F mean in the Sanara MedTech (SMTI) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 873 shares were withheld by Sanara MedTech to satisfy tax withholding on the vesting of 3,049 restricted stock shares.