James L. L. Tullis - 17 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
17 May 2023
Net transactions value
+$22.99
Form type
4
Filing time
18 May 2023, 18:00:10 UTC
Previous filing
16 May 2023
Next filing
02 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 $21,500 +6,143 +3.2% $3.50 198,452 17 May 2023 Direct F1
transaction ATEC Common Stock Options Exercise $517,041 +147,726 +29% $3.50 659,570 17 May 2023 By Tullis Dickerson Capital Focus III, LP F2
transaction ATEC Common Stock Options Exercise $375,582 +107,309 +19% $3.50 658,267 17 May 2023 By Tullis Growth Fund, L.P. F3
transaction ATEC Common Stock Tax liability $21,487 -1,398 -0.7% $15.37 197,054 17 May 2023 Direct F1
transaction ATEC Common Stock Tax liability $517,031 -33,639 -5.1% $15.37 625,931 17 May 2023 By Tullis Dickerson Capital Focus III, LP F2
transaction ATEC Common Stock Tax liability $375,581 -24,436 -3.7% $15.37 633,831 17 May 2023 By Tullis Growth Fund, L.P. F3
holding ATEC Common Stock 380,097 17 May 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 -6,143 -100% $0.000000* 0 17 May 2023 Common Stock 6,143 $3.50 Direct F1
transaction ATEC Warrants (right to buy) Options Exercise $0 -147,726 -100% $0.000000* 0 17 May 2023 Common Stock 147,726 $3.50 By Tullis Dickerson Capital Focus III, LP F2
transaction ATEC Warrants (right to buy) Options Exercise $0 -107,309 -100% $0.000000* 0 17 May 2023 Common Stock 107,309 $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 17, 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 1,398 of the warrant shares to pay the exercise price and issuing to the reporting person 4,745 shares.
F2 On May 17, 2023, the reporting person exercised warrants to purchase 147,726 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 33,639 of the warrant shares to pay the exercise price and issuing to the reporting person 114,087 shares.
F3 On May 17, 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 24,436 of the warrant shares to pay the exercise price and issuing to the reporting person 82,873 shares.