Sanara MedTech (SMTI) director Ronald Nixon receives 4,154 restricted shares grant
Rhea-AI Filing Summary
Nixon Ronald T reported acquisition or exercise transactions in this Form 4 filing.
Sanara MedTech Inc. director and 10% owner Ronald T. Nixon received a grant of 4,154 shares of restricted common stock as equity compensation. The award was issued under the Sanara MedTech Inc. 2024 Omnibus Long-Term Incentive Plan at no cash cost to him.
The restricted stock will vest on the earlier of the company’s 2027 annual shareholder meeting or June 4, 2027, if he continues providing certain services to the company through that date. Following this grant, he holds 68,196 shares of common stock directly.
In addition, separate from his direct holdings, 963,856 shares are owned of record by CGI Cellerate RX, LLC and 2,452,731 shares are owned of record by FA Sanara, LLC. These entities may share voting and dispositive control with Mr. Nixon and related entities, who disclaim beneficial ownership of those shares except to the extent of their pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,154 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 on the earlier of (i) the date of the 2027 annual shareholder meeting or (ii) June 04, 2027, provided that the reporting person is providing certain services to the Issuer through such date. Represents shares of the Issuer's common stock owned of record by CGI Cellerate RX, LLC, which is a wholly owned subsidiary of Catalyst Rochal, LLC. Mr. Nixon is a manager of Catalyst Rochal, LLC. By virtue of these relationships, Mr. Nixon, Catalyst Rochal, LLC and CGI Cellerate RX, LLC may be deemed to share voting and dispositive control over the common stock. Mr. Nixon and Catalyst Rochal, LLC disclaim beneficial ownership of any common stock held or beneficially owned by CGI Cellerate RX, LLC, except to the extent of each of their pecuniary interests therein. Represents shares of the Issuer's common stock owned of record by FA Sanara, LLC ("FA Sanara"). FA Sanara is managed by Family Alignment, LLC ("Family"), which is managed by Catalyst Group, Inc. ("Catalyst"). Mr. Nixon is a controlling shareholder and President of Catalyst. Mr. Nixon, Catalyst, Family and FA Sanara may be deemed to share voting and dispositive control over the common stock. Mr. Nixon, Catalyst and Family disclaim beneficial ownership of any common stock held or beneficially owned by FA Sanara, except to the extent of each of their pecuniary interests therein.