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

Signature
/s/ Tyson E. Marshall, Attorney-in-Fact
Stock symbol
ATEC
Transactions as of
Dec 10, 2024
Transactions value $
$9
Form type
4
Date filed
12/13/2024, 04:33 PM
Previous filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEC Common Stock Options Exercise $97.6K +36.3K +3.05% $2.69 1.22M Dec 10, 2024 Direct
transaction ATEC Common Stock Options Exercise $3.6K +1.87K +0.15% $1.93 1.23M Dec 10, 2024 Direct
transaction ATEC Common Stock Options Exercise $122K +72.8K +5.93% $1.68 1.3M Dec 10, 2024 Direct
transaction ATEC Common Stock Tax liability -$223K -23.2K -1.78% $9.65 1.28M Dec 10, 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 -1.87K -5.56% $0.00 31.7K Dec 10, 2024 Common Stock 1.87K $1.93 Direct F2
transaction ATEC Employee Stock Option (right to buy) Options Exercise $0 -72.8K -37.7% $0.00 120K Dec 10, 2024 Common Stock 72.8K $1.68 Direct F3
transaction ATEC Employee Stock Option (right to buy) Options Exercise $0 -36.3K -31.69% $0.00 78.2K Dec 10, 2024 Common Stock 36.3K $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.