Sanara MedTech CEO reports tax-share withholding
Sanara MedTech Inc. director and Chief Executive Officer Yon Seth D reported a tax-related share withholding tied to restricted stock vesting.
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
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Negative
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Insider Trade Summary
Exercise Price or Tax Liability: 873 shares
Exercise Price or Tax Liability
1 txn
Insider
Yon Seth D
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 873 | $19.90 | $17K |
Holdings After Transaction:
Common Stock — 88,978 shares (Direct)
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 3,049 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.