Form 4: Sanara MedTech Executive Settles Tax Obligations with Stock
SEC Form 4
Seth D. Yon, a top executive at Sanara MedTech, used company stock to cover tax obligations arising from vested restricted stock.
Summary
- On May 15, 2025, Seth D. Yon, President & Chief Commercial Officer of Sanara MedTech Inc., had 4,929 shares of common stock withheld by the company to cover tax obligations.
- This withholding was related to the vesting of 13,465 shares of restricted stock granted to Yon on May 15, 2024.
- The price per share used for the transaction was $30.88.
- Following the transaction, Yon directly owns 61,288 shares of Sanara MedTech Inc.
Sentiment
Score: 5
Explanation: Neutral. This is a standard transaction related to executive compensation and tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of grant of 13,465 shares of restricted stock to Seth D. Yon |
| 05/15/2025 | Date of stock withholding transaction to cover tax obligations |
| 05/16/2025 | Date of Form 4 signature |
Keywords
Sanara MedTech, SMTI, Seth D. Yon, stock withholding, Form 4, executive compensation, restricted stock, tax obligations, beneficial ownership
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