Craig E. Hunsaker - Feb 17, 2023 Form 4 Insider Report for Alphatec Holdings, Inc. (ATEC)

Role
EVP, PEOPLE/CULTURE & GC
Signature
/s/ Tyson E. Marshall, Attorney-in-Fact
Stock symbol
ATEC
Transactions as of
Feb 17, 2023
Transactions value $
-$922,579
Form type
4
Date filed
2/21/2023, 07:06 PM
Previous filing
Feb 10, 2023
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Options Exercise $472K +135K +9.4% $3.50 1.57M Feb 17, 2023 Direct
transaction ATEC Common Stock Tax liability -$472K -32.3K -2.06% $14.60 1.54M Feb 17, 2023 Direct F1
transaction ATEC Common Stock Sale -$923K -65.7K -4.27% $14.04 1.47M Feb 21, 2023 Direct F2, F3

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) Options Exercise $0 -135K -100% $0.00* 0 Feb 17, 2023 Common Stock 135K $3.50 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 17, 2023, the reporting person exercised warrants to purchase 134,921 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 32,339 of the warrant shares to pay the exercise price and issuing to the reporting person 102,582 shares.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 9, 2022, to satisfy certain tax withholding obligations of the reporting person resulting from the vesting of restricted stock units.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.68 to $14.21, inclusive. The reporting person 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 sold at each separate price within the ranges set forth in this footnote.