Zachary B. Fleming - Mar 17, 2023 Form 4 Insider Report for Sanara MedTech Inc. (SMTI)

Role: Chief Executive Officer
Signature: /s/ Zachary B. Fleming
Stock symbol: SMTI
Transactions as of: Mar 17, 2023
Transactions value $: -$121,305
Form type: 4
Date filed: 3/21/2023, 04:15 PM
Previous filing: Mar 6, 2023
Next filing: Sep 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMTI	Common Stock	Tax liability	-$44.6K	-1.1K	-2.55%	$40.50	42.1K	Mar 17, 2023	Direct	F1
transaction	SMTI	Common Stock	Tax liability	-$32.9K	-812	-1.93%	$40.50	41.3K	Mar 17, 2023	Direct	F2
transaction	SMTI	Common Stock	Tax liability	-$14.1K	-325	-0.79%	$43.30	41K	Mar 17, 2023	Direct	F3
transaction	SMTI	Common Stock	Tax liability	-$29.8K	-717	-1.75%	$41.50	40.2K	Mar 17, 2023	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 vesting of 4,519 shares of restricted stock granted to the reporting person on February 24, 2020. 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.
F2	Represents shares of common stock of the Issuer withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of 3,333 shares of restricted stock granted to the reporting person on December 9, 2021. 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.
F3	Represents shares of common stock of the Issuer withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of 1,331 shares of restricted stock granted to the reporting person on December 22, 2021. 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.
F4	Represents shares of common stock of the Issuer withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of 2,943 shares of restricted stock granted to the reporting person on March 8, 2022. 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.