Sanara MedTech (SMTI) CEO has 491 shares withheld to cover tax on vesting

Rhea-AI Filing Summary

Sanara MedTech Inc.’s Chief Executive Officer, Yon Seth D, reported a Form 4 showing a tax-withholding disposition of 491 shares of common stock on March 1, 2026. These shares were withheld by the company to cover tax obligations from the annual vesting of 1,446 previously granted restricted shares, at a reference price of $20.44 per share. The filing notes that no shares were issued or sold in this transaction, and the CEO’s directly held stake after the withholding was 88,487 common shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Yon Seth D

(Last) (First) (Middle)

1200 SUMMIT AVE

SUITE 414

(Street)

FORT WORTH TX 76102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sanara MedTech Inc. [ SMTI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		F		491(1)	D	$20.44(1)	88,487	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 1,446 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.

	/s/ Seth D. Yon	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Sanara MedTech (SMTI) report for CEO Yon Seth D?

Sanara MedTech reported a tax-withholding disposition by CEO Yon Seth D involving 491 common shares. The shares were withheld by the company to cover tax obligations from vesting restricted stock, rather than sold in the open market.

How many Sanara MedTech (SMTI) shares were withheld for CEO tax obligations?

A total of 491 Sanara MedTech common shares were withheld to satisfy tax withholding obligations. This was linked to the annual vesting of 1,446 restricted shares previously granted to CEO Yon Seth D under the company’s equity compensation arrangements.

Was there any open-market sale of Sanara MedTech (SMTI) shares in this Form 4?

No open-market sale occurred in this Form 4. The filing specifies that 491 shares were withheld by Sanara MedTech to cover tax liabilities from restricted stock vesting, and that no shares were issued or sold in this transaction.

What price per share was used for the Sanara MedTech (SMTI) tax-withholding shares?

The withheld Sanara MedTech shares were valued at $20.44 per share. This per-share value reflects the Nasdaq Capital Market price on the vesting date of the restricted stock used to calculate the tax withholding amount.

How many Sanara MedTech (SMTI) shares does CEO Yon Seth D hold after this transaction?

After this tax-withholding disposition, CEO Yon Seth D directly owned 88,487 Sanara MedTech common shares. This share count reflects his holdings following the company’s withholding of 491 shares for associated tax obligations on vested restricted stock.

What triggered the Sanara MedTech (SMTI) tax-withholding disposition reported on Form 4?

The disposition was triggered by the annual vesting of 1,446 restricted shares previously granted to CEO Yon Seth D. To satisfy related tax withholding obligations, Sanara MedTech withheld 491 of those shares instead of the CEO selling shares separately.