L. Tullis James - May 15, 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 15, 2023
Transactions value $
$10
Form type
4
Date filed
5/16/2023, 07:47 PM
Previous filing
Apr 26, 2023
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Options Exercise $21.5K +6.14K +3.28% $3.50 194K May 15, 2023 Direct F1
transaction ATEC Common Stock Options Exercise $517K +148K +37.15% $3.50 545K May 15, 2023 By Tullis Dickerson Capital Focus III, LP F2
transaction ATEC Common Stock Options Exercise $376K +107K +22.93% $3.50 575K May 15, 2023 By Tullis Growth Fund, L.P. F3
transaction ATEC Common Stock Tax liability -$21.5K -1.39K -0.72% $15.44 192K May 15, 2023 Direct F1
transaction ATEC Common Stock Tax liability -$517K -33.5K -6.14% $15.44 512K May 15, 2023 By Tullis Dickerson Capital Focus III, LP F2
transaction ATEC Common Stock Tax liability -$376K -24.3K -4.23% $15.44 551K May 15, 2023 By Tullis Growth Fund, L.P. F3
holding ATEC Common Stock 380K May 15, 2023 By Tullis-Dickerson Partners III, 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 -6.14K -50% $0.00 6.14K May 15, 2023 Common Stock 6.14K $3.50 Direct F1
transaction ATEC Warrants (right to buy) Options Exercise $0 -148K -50% $0.00 148K May 15, 2023 Common Stock 148K $3.50 By Tullis Dickerson Capital Focus III, LP F2
transaction ATEC Warrants (right to buy) Options Exercise $0 -107K -50% $0.00 107K May 15, 2023 Common Stock 107K $3.50 By Tullis Growth Fund, L.P. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 15, 2023, the reporting person exercised warrants to purchase 6,143 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 1,392 of the warrant shares to pay the exercise price and issuing to the reporting person 4,751 shares.
F2 On May 15, 2023, the reporting person exercised warrants to purchase 147,725 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 33,487 of the warrant shares to pay the exercise price and issuing to the reporting person 114,238 shares.
F3 On May 15, 2023, the reporting person exercised warrants to purchase 107,309 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 24,325 of the warrant shares to pay the exercise price and issuing to the reporting person 82,984 shares.