Tyler Lipschultz - 01 Jan 2022 Form 4 Insider Report for SeaSpine Holdings Corp

Role: SVP, Orthobiologics and BD
Signature: /s/Paul Benny, Attorney-in-Fact for Tyler Lipschultz
Issuer symbol: N/A
Transactions as of: 01 Jan 2022
Net transactions value: -$65,390
Form type: 4
Filing time: 04 Jan 2022, 20:22:41 UTC
Previous filing: 02 Jul 2021
Next filing: 01 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPNE	Common Stock	Options Exercise		+3,564	+3.2%		116,031	01 Jan 2022	Direct	F1
transaction	SPNE	Common Stock	Options Exercise		+8,362	+7.2%		124,393	01 Jan 2022	Direct	F1
transaction	SPNE	Common Stock	Tax liability	$65,390	-4,801	-3.9%	$13.62	119,592	01 Jan 2022	Direct	F2

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	SPNE	Restricted Stock Units	Options Exercise	$0	-3,564	-100%	$0.000000^*	0	01 Jan 2022	Common Stock	3,564		Direct	F1, F3
transaction	SPNE	Restricted Stock Units	Options Exercise	$0	-8,362	-50%	$0.000000	8,362	01 Jan 2022	Common Stock	8,362		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F2	These shares were withheld by the issuer to satisfy statutory tax withholding requirements on vesting of restricted stock units that occurred on January 1, 2022. No shares were sold in connection with this transaction.
F3	The reporting person was granted 10,691 restricted stock units on January 1, 2019, which vest in three equal installments on each of January 1, 2020, 2021, and 2022.
F4	The reporting person was granted 25,086 restricted stock units on January 1, 2020, which vest in three equal installments on each of January 1, 2021, 2022 and 2023.