[Form 4] Sanara MedTech Inc. Insider Trading Activity
Sanara MedTech Inc. (SMTI) reported a grant of restricted common stock to CEO Seth D. Yon. The Form 4 shows the reporting person was granted 28,563 restricted shares on 09/15/2025 at no cash price, increasing his beneficial ownership to 89,851 shares. The restricted stock award was made under the company's 2024 Omnibus Long-Term Incentive Plan and vests in three equal installments on 09/15/2026, 09/15/2027 and 09/15/2028, contingent on continued employment through each vesting date. The filing is a routine Section 16 disclosure documenting the grant and resulting ownership position.
- Grant disclosed transparently: Form 4 records the restricted stock award and resulting beneficial ownership.
- Clear vesting schedule: Shares vest in three equal installments on 09/15/2026, 09/15/2027 and 09/15/2028.
- None.
Insights
TL;DR: CEO received a time‑based restricted stock grant of 28,563 shares, raising total beneficial holdings to 89,851 shares.
The Form 4 documents a standard equity compensation event: a 28,563 share restricted stock award under the 2024 Omnibus Long‑Term Incentive Plan. The award is time‑vested in three equal tranches over 2026–2028 and was granted at a reported price of $0, consistent with restricted stock treatment. This disclosure changes reported insider ownership levels but contains no operational or financial performance metrics.
TL;DR: This is a routine, time‑based CEO equity grant disclosed under Section 16; vesting is tied to continued employment.
The filing specifies that the restricted shares vest one‑third on each of 09/15/2026, 09/15/2027 and 09/15/2028, conditional on employment through each date. The disclosure identifies the instrument, vesting schedule and resulting beneficial ownership of 89,851 shares, meeting Form 4 reporting requirements. No amendments, derivative transactions, or additional contingencies are disclosed in this filing.