Craig E. Hunsaker - 10 Dec 2024 Form 4 Insider Report for Alphatec Holdings, Inc. (ATEC)

Signature
/s/ Tyson E. Marshall, Attorney-in-Fact
Issuer symbol
ATEC
Transactions as of
10 Dec 2024
Net transactions value
+$9.38
Form type
4
Filing time
13 Dec 2024, 16:33:25 UTC
Previous filing
28 Feb 2024
Next filing
31 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Options Exercise $97,650 +36,301 +3.1% $2.69 1,224,745 10 Dec 2024 Direct
transaction ATEC Common Stock Options Exercise $3,601 +1,866 +0.15% $1.93 1,226,611 10 Dec 2024 Direct
transaction ATEC Common Stock Options Exercise $122,223 +72,752 +5.9% $1.68 1,299,363 10 Dec 2024 Direct
transaction ATEC Common Stock Tax liability $223,465 -23,157 -1.8% $9.65 1,276,206 10 Dec 2024 Direct F1

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 Employee Stock Option (right to buy) Options Exercise $0 -1,866 -5.6% $0.000000 31,701 10 Dec 2024 Common Stock 1,866 $1.93 Direct F2
transaction ATEC Employee Stock Option (right to buy) Options Exercise $0 -72,752 -38% $0.000000 120,208 10 Dec 2024 Common Stock 72,752 $1.68 Direct F3
transaction ATEC Employee Stock Option (right to buy) Options Exercise $0 -36,301 -32% $0.000000 78,249 10 Dec 2024 Common Stock 36,301 $2.69 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 10, 2024, the reporting person exercised options to purchase 36,301 shares of the issuer's common stock for $2.69 per share, 1,866 shares of the issuer's common stock for $1.93 per share, and 72,752 shares of the issuer's common stock for $1.68 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 23,157 of the option shares to pay the exercise price and issuing to the reporting person 87,762 shares.
F2 The option grant was approved by a committee of the Issuer's Board of Directors on February 21, 2017, subject to shareholder approval of an amendment to the Issuer's 2016 Equity Incentive Plan to increase the maximum number of shares that may be granted to any one participant during a one-year period to 500,000. The Issuer's shareholders approved the amendment on June 15, 2017. The option vested in 36 monthly installments beginning March 21, 2017, except that all vesting attributable to periods prior to June 15, 2017 was deemed to have occurred on June 15, 2017.
F3 The option vested over four years with 25% vesting on the first anniversary of the grant date and the remaining 75% vesting in 36 installments every month for the three years thereafter.
F4 The option vested 25% on the first anniversary of the grant date and thereafter in 36 equal monthly installments.