L-5 Healthcare Partners, LLC - May 10, 2023 Form 4 Insider Report for Alphatec Holdings, Inc. (ATEC)

Signature
/s/ Paul Segal, Manager L-5 Healthcare Partners, LLC
Stock symbol
ATEC
Transactions as of
May 10, 2023
Transactions value $
-$25,296,000
Form type
4
Date filed
5/12/2023, 04:59 PM
Previous filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Sale -$25.3M -1.7M -13.3% $14.88 11.1M May 10, 2023 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.88 to $15.67, inclusive. The reporting undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2 Each of Andy Barnett and Evan Bakst serve on the board of directors of the issuer as a representative of the reporting persons. As a result, each reporting person herein may be deemed a director by deputization for the purposes of Section 16 of the Exchange Act.
F3 Paul Segal directly (through his position as manager of L-5 Healthcare Partners, LLC ("L-5")) may be deemed to control L-5 and to have shared voting and investment power with respect to the shares beneficially owned by L-5. As such, Mr. Segal may be deemed to have shared beneficial ownership of the shares beneficially owned by L-5. Mr. Segal, however, disclaims beneficial ownership of such shares, except to the extent of his indirect pecuniary interest therein.
F4 Paul Segal separately is the direct beneficial owner of 171,329 shares of Common Stock of the Issuer.