Scott Lish - Feb 27, 2023 Form 4 Insider Report for Alphatec Holdings, Inc. (ATEC)

Role
SVP, DEVELOPMENT
Signature
/s/ Tyson E. Marshall, Attorney-in-Fact
Stock symbol
ATEC
Transactions as of
Feb 27, 2023
Transactions value $
-$374,488
Form type
4
Date filed
3/1/2023, 08:05 PM
Previous filing
Feb 23, 2023
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Sale -$374K -25.4K -5.57% $14.76 431K Feb 27, 2023 Direct F1, F2, F3
transaction ATEC Common Stock Options Exercise $47.2K +13.5K +3.13% $3.50 444K Mar 1, 2023 Direct
transaction ATEC Common Stock Tax liability -$47.2K -2.92K -0.66% $16.15 441K Mar 1, 2023 Direct F4

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 -13.5K -100% $0.00* 0 Mar 1, 2023 Common Stock 13.5K $3.50 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2022, to satisfy certain tax withholding obligations of the reporting person resulting from the vesting of restricted stock units.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.51 to $14.94, 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.
F3 Includes 2,034 shares and 826 shares acquired under the issuer's employee stock purchase plan on May 13, 2022 and November 15, 2022, respectively.
F4 On March 1, 2023, the reporting person exercised warrants to purchase 13,493 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 2,924 of the warrant shares to pay the exercise price and issuing to the reporting person 10,569 shares.