L. Tullis James - Apr 7, 2022 Form 4 Insider Report for Alphatec Holdings, Inc. (ATEC)

Role
Director
Signature
/s/ James L.L. Tullis
Stock symbol
ATEC
Transactions as of
Apr 7, 2022
Transactions value $
$20
Form type
4
Date filed
4/11/2022, 06:54 PM
Previous filing
Dec 13, 2021
Next filing
May 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Exercise of in-the-money or at-the-money derivative security $21.2K +6.05K +3.85% $3.50 163K Apr 7, 2022 Direct
transaction ATEC Common Stock Sale -$21.2K -1.63K -1% $12.99 162K Apr 7, 2022 Direct F1
transaction ATEC Common Stock Exercise of in-the-money or at-the-money derivative security $370K +106K +22.46% $3.50 576K Apr 7, 2022 By Tullis Growth Fund, L.P.
transaction ATEC Common Stock Sale -$370K -28.5K -4.94% $12.99 548K Apr 7, 2022 By Tullis Growth Fund, L.P. F2
transaction ATEC Common Stock Exercise of in-the-money or at-the-money derivative security $509K +146K +16.33% $3.50 1.04M Apr 7, 2022 By Tullis Dickerson Capital Focus III, LP
transaction ATEC Common Stock Sale -$509K -39.2K -3.78% $12.99 998K Apr 7, 2022 By Tullis Dickerson Capital Focus III, LP F3
holding ATEC Common Stock 248K Apr 7, 2022 By Tullis-Dickerson Partners III, LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ATEC Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -6.05K -33% $0.00 12.3K Apr 7, 2022 Common Stock 6.05K $3.50 Direct F4
transaction ATEC Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -106K -33% $0.00 215K Apr 7, 2022 Common Stock 106K $3.50 By Tullis Growth Fund, L.P. F4
transaction ATEC Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -146K -33% $0.00 295K Apr 7, 2022 Common Stock 146K $3.50 By Tullis Dickerson Capital Focus III, LP F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 7, 2022, the reporting person exercised warrants to purchase 6,052 shares of the issuer's common stock for $3.50 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 1,630 of the warrant shares to pay the exercise price and issuing to the reporting person 4,422 shares.
F2 On April 7, 2022, Tullis Growth Fund, L.P. exercised warrants to purchase 105,708 shares of the issuer's common stock for $3.50 per share. Tullis Growth Fund, L.P. paid the exercise price on a cashless basis, resulting in the issuer withholding 28,481 of the warrant shares to pay the exercise price and issuing to Tullis Growth Fund, L.P. 77,227 shares.
F3 On April 7, 2022, Tullis Dickerson Capital Focus III, LP exercised warrants to purchase 145,522 shares of the issuer's common stock for $3.50 per share. Tullis Dickerson Capital Focus III, LP paid the exercise price on a cashless basis, resulting in the issuer withholding 39,209 of the warrant shares to pay the exercise price and issuing to Tullis Dickerson Capital Focus III, LP 106,313 shares.
F4 Each Warrant is exercisable for one share of the issuer's common stock for a period of five years following the date that stockholder approval of the issuance of the Warrants was obtained. The stockholders approved such issuance on May 17, 2018.