James L. L. Tullis - 07 Apr 2022 Form 4 Insider Report for Alphatec Holdings, Inc. (ATEC)

Role: Director
Signature: /s/ James L.L. Tullis
Issuer symbol: ATEC
Transactions as of: 07 Apr 2022
Net transactions value: +$20.2
Form type: 4
Filing time: 11 Apr 2022, 18:54:51 UTC
Previous filing: 13 Dec 2021
Next filing: 18 May 2022
SEC: View on sec.gov

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	$21,182	+6,052	+3.9%	$3.50	163,142	07 Apr 2022	Direct
transaction	ATEC	Common Stock	Sale	$21,174	-1,630	-1%	$12.99	161,512	07 Apr 2022	Direct	F1
transaction	ATEC	Common Stock	Exercise of in-the-money or at-the-money derivative security	$369,978	+105,708	+22%	$3.50	576,455	07 Apr 2022	By Tullis Growth Fund, L.P.
transaction	ATEC	Common Stock	Sale	$369,968	-28,481	-4.9%	$12.99	547,974	07 Apr 2022	By Tullis Growth Fund, L.P.	F2
transaction	ATEC	Common Stock	Exercise of in-the-money or at-the-money derivative security	$509,327	+145,522	+16%	$3.50	1,036,815	07 Apr 2022	By Tullis Dickerson Capital Focus III, LP
transaction	ATEC	Common Stock	Sale	$509,325	-39,209	-3.8%	$12.99	997,606	07 Apr 2022	By Tullis Dickerson Capital Focus III, LP	F3
holding	ATEC	Common Stock						248,225	07 Apr 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	-6,052	-33%	$0.000000	12,286	07 Apr 2022	Common Stock	6,052	$3.50	Direct	F4
transaction	ATEC	Warrants (right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-105,708	-33%	$0.000000	214,618	07 Apr 2022	Common Stock	105,708	$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	-145,522	-33%	$0.000000	295,451	07 Apr 2022	Common Stock	145,522	$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.