Baird Trust Company, Baird Financial Corporation, and Baird Financial Group, Inc. report significant ownership of Sanara MedTech Inc. common stock. The filing shows beneficial ownership of 760,293 shares, representing 8.5% of the company’s common stock, calculated against 8,901,903 shares outstanding as of March 18, 2025.
The shares are held in client accounts over which Baird Trust has investment discretion or voting authority, and the reporting persons state they are holding the securities in the ordinary course of business, not to change or influence control of Sanara MedTech.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Sanara MedTech Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
79957L100
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
79957L100
1
Names of Reporting Persons
BAIRD TRUST Co
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
KENTUCKY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
760,293.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
760,293.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
760,293.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.5 %
12
Type of Reporting Person (See Instructions)
BK
Comment for Type of Reporting Person: Items (6), (8), (9) and (11) reflect Common Stock ("Shares") that Baird Trust Company ("BTC") may be deemed to beneficially own within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Act"), by virtue of the investment discretion or voting authority granted to it by its clients over such Shares.
SCHEDULE 13G
CUSIP No.
79957L100
1
Names of Reporting Persons
BAIRD FINANCIAL CORP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
WISCONSIN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
760,293.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
760,293.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
760,293.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.5 %
12
Type of Reporting Person (See Instructions)
HC, CO
Comment for Type of Reporting Person: Items (6), (8), (9) and (11) consist of Shares held by Baird Trust Company.
SCHEDULE 13G
CUSIP No.
79957L100
1
Names of Reporting Persons
Baird Financial Group, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
WISCONSIN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
760,293.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
760,293.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
760,293.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.5 %
12
Type of Reporting Person (See Instructions)
HC, CO
Comment for Type of Reporting Person: Items (6), (8), (9) and (11) consist of Shares held by Baird Trust Company.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Sanara MedTech Inc.
(b)
Address of issuer's principal executive offices:
1220 SUMMIT AVENUE, SUITE 414, FORT WORTH, TEXAS, 76102.
Item 2.
(a)
Name of person filing:
(1) Baird Trust Company ("BTC")
(2) Baird Financial Corporation ("BFC")
(3) Baird Financial Group, Inc. ("BFG")
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of BTC is:
500 West Jefferson Street, Suite 2600
Louisville, Kentucky 40202
The address of the principal business office of each of BFC and BFG is:
777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202
(c)
Citizenship:
BTC is a Kentucky corporation and BFC and BFG are Wisconsin corporations.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
79957L100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See the responses to Item (9) on the foregoing cover pages.
This Schedule includes those securities beneficially owned by, or deemed beneficially owned by, BTC, BFC, and BFG (collectively, "BTC Reporting Units") that have been aggregated together in accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release") for purposes of filing this Schedule. This Schedule does not include securities, if any, beneficially owned by, or deemed beneficially owned by, BTC, BFC or BFG or their respective subsidiaries or affiliates that has been disaggregated from that of the BTC Reporting Units in accordance with the Release. In accordance with Rule 13d-4 of the Act, the Reporting Persons expressly declare that the filing of this Schedule shall not be construed as an admission that a Reporting Person is, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule.
(b)
Percent of class:
See the responses to Item (11) on the foregoing cover pages. The percentage was calculated based upon 8,901,903 Shares of Common Stock outstanding at March 18, 2025 as reported by the Issuer in its Annual Report on Form 10-K for the year ended December 31, 2024.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See the responses to Item (5) on the foregoing cover pages.
(ii) Shared power to vote or to direct the vote:
See the responses to Item (6) on the foregoing cover pages.
(iii) Sole power to dispose or to direct the disposition of:
See the responses to Item (7) on the foregoing cover pages.
(iv) Shared power to dispose or to direct the disposition of:
See the responses to Item (8) on the foregoing cover pages.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Clients of the Reporting Persons or their affiliates have or may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares held in such clients' accounts that are reported on this Schedule.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See the response to Item 3 above. BTC is owned directly by BFC. BFC is, in turn, owned by BFG, which is the ultimate parent company of BTC.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
