Mortimer Berkowitz III - May 12, 2023 Form 4 Insider Report for Alphatec Holdings, Inc. (ATEC)

Role
Director
Signature
/s/ Tyson E. Marshall, Attorney-in-Fact
Stock symbol
ATEC
Transactions as of
May 12, 2023
Transactions value $
$8
Form type
4
Date filed
5/12/2023, 06:48 PM
Previous filing
Mar 9, 2023
Next filing
Jun 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Options Exercise $378K +108K +19.44% $3.50 663K May 12, 2023 Direct
transaction ATEC Common Stock Tax liability -$378K -24.3K -3.66% $15.55 639K May 12, 2023 Direct F1
holding ATEC Common Stock 611K May 12, 2023 By Porcupine Investment Partners, 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) Options Exercise $0 -108K -100% $0.00* 0 May 12, 2023 Common Stock 108K $3.50 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 12, 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 24,294 of the warrant shares to pay the exercise price and issuing to the reporting person 83,643 shares.