Sanara MedTech CEO shares withheld for taxes
Rhea-AI Filing Summary
Sanara MedTech Inc. reported a routine equity compensation event for its Chief Executive Officer, Yon Seth D. On the vesting of 2,082 shares of previously granted restricted stock, the company withheld 596 shares of common stock to cover tax obligations, using a per-share value of $18.87. The footnote clarifies that no shares were issued or sold on the market in this transaction. Following the tax-withholding disposition, the CEO directly owns 87,968 shares of Sanara MedTech common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 596 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 | 596 | $18.87 | $11K |
Holdings After Transaction:
Common Stock — 87,968 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 2,082 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 its CEO?
Sanara MedTech reported a routine tax-withholding disposition for CEO Yon Seth D. The company withheld 596 shares of common stock when 2,082 restricted shares vested, using them to satisfy tax obligations rather than selling shares on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.