Mortimer Berkowitz III - 07 Mar 2023 Form 4 Insider Report for Alphatec Holdings, Inc. (ATEC)

Role
Director
Signature
/s/ Tyson E. Marshall, Attorney-in-Fact
Issuer symbol
ATEC
Transactions as of
07 Mar 2023
Net transactions value
-$5.7
Form type
4
Filing time
09 Mar 2023, 14:29:16 UTC
Previous filing
13 Jun 2022
Next filing
12 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Options Exercise $377,780 +107,937 +20% $3.50 634,922 07 Mar 2023 By Porcupine Investment Partners, LLC
transaction ATEC Common Stock Tax liability $377,785 -23,820 -3.8% $15.86 611,102 07 Mar 2023 By Porcupine Investment Partners, LLC F1
holding ATEC Common Stock 555,121 07 Mar 2023 Direct

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 -107,937 -100% $0.000000* 0 07 Mar 2023 Common Stock 107,937 $3.50 By Porcupine Investment Partners, LLC
holding ATEC Warrants (right to buy) 107,937 07 Mar 2023 Common Stock 107,937 $3.50 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 7, 2023, the reporting person exercised warrants to purchase 107,937 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 23,820 of the warrant shares to pay the exercise price and issuing to the reporting person 84,117 shares.