Patrick Miles - Feb 1, 2023 Form 4 Insider Report for Alphatec Holdings, Inc. (ATEC)

Role
CEO, Director
Signature
/s/ Tyson Marshall, Attorney-in-Fact
Stock symbol
ATEC
Transactions as of
Feb 1, 2023
Transactions value $
$0
Form type
4
Date filed
2/3/2023, 07:00 PM
Previous filing
Jan 24, 2023
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Award $0 +316K +5.97% $0.00 5.62M Feb 1, 2023 Direct F1, F2
transaction ATEC Common Stock Award $0 +207K +3.68% $0.00 5.82M Feb 1, 2023 Direct F1, F3
transaction ATEC Common Stock Award $0 +103K +1.78% $0.00 5.93M Feb 1, 2023 Direct F1, F4
holding ATEC Common Stock 10.9K Feb 1, 2023 By IRA
holding ATEC Common Stock 250K Feb 1, 2023 By MOM, LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (RSU) represents a contingent right to receive one share of the issuer's common stock.
F2 On February 1, 2023, the issuer awarded 316,311 RSUs to the reporting person upon confirmation by the issuer's compensation committee of satisfaction of certain performance criteria for the fiscal year ended December 31, 2022. The RSUs vest in three equal installments on each of February 24, 2023, February 24, 2024 and February 24, 2025.
F3 On February 1, 2023, the issuer granted to the reporting person 206,782 RSUs, subject to stockholder approval of an amendment to issuer's 2016 Equity Incentive Plan to increase the number of shares authorized for issuance under the plan by an amount sufficient to cover such grant. The RSUs vest in three equal installments on each of the first three anniversaries of the grant date.
F4 On February 1, 2023, the issuer granted to the reporting person 103,391 RSUs, subject to stockholder approval of an amendment to issuer's 2016 Equity Incentive Plan to increase the number of shares authorized for issuance under the plan by an amount sufficient to cover such grant. The RSUs vest on the third anniversary of the grant date; provided, however, that no portion of such RSUs shall vest unless the publicly-traded stock price for the issuer's common stock at the close of the market on such third anniversary date is equal to or greater than $24 per share (representing a 81% increase in the price per share as of the grant date).