Mortimer Berkowitz III - 12 May 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: 12 May 2023
Net transactions value: +$7.8
Form type: 4
Filing time: 12 May 2023, 18:48:59 UTC
Previous filing: 09 Mar 2023
Next filing: 21 Jun 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	+19%	$3.50	663,058	12 May 2023	Direct
transaction	ATEC	Common Stock	Tax liability	$377,772	-24,294	-3.7%	$15.55	638,764	12 May 2023	Direct	F1
holding	ATEC	Common Stock						611,102	12 May 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	-107,937	-100%	$0.000000^*	0	12 May 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 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.