| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ATEC | Common Stock | Award | $0 | +100K | +22.59% | $0.00 | 544K | Feb 1, 2024 | Direct | F1, F2 |
| transaction | ATEC | Common Stock | Sale | -$415K | -25.2K | -4.64% | $16.47 | 518K | Feb 2, 2024 | Direct | F3, F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | On February 1, 2024, the issuer awarded 100,166 restricted stock units (RSUs) to the reporting person upon confirmation by the issuer's compensation committee of satisfaction of certain performance criteria for the fiscal year ended December 31, 2023. The RSUs vest in three equal installments on each of February 1, 2024, February 1, 2025 and February 1, 2026. Each RSU represents a contingent right to receive one share of the issuer's common stock. |
| F2 | Includes 2,410 shares acquired under the issuer's employee stock purchase plan on June 20, 2023. |
| F3 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2022, as amended on August 10, 2023, to satisfy certain tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.29 to $16.78, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |