Keith Valentine - Jan 28, 2022 Form 4 Insider Report for SeaSpine Holdings Corp (SPNE)

Role: Chief Executive Officer, Director
Signature: /s/ Paul Benny, Attorney-in-Fact for Keith C. Valentine
Stock symbol: SPNE
Transactions as of: Jan 28, 2022
Transactions value $: -$157,159
Form type: 4
Date filed: 2/1/2022, 06:16 PM
Previous filing: Jan 4, 2022
Next filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPNE	Common Stock	Options Exercise		+26.2K	+8.34%		340K	Jan 28, 2022	Direct	F1
transaction	SPNE	Common Stock	Tax liability	-$157K	-13.8K	-4.06%	$11.39	326K	Jan 28, 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	-26.2K	-33.33%	$0.00	52.4K	Jan 28, 2022	Common Stock	26.2K		Direct	F1, F3

* 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 28, 2022. No shares were sold in connection with this transaction.
F3	The reporting person was granted 78,588 restricted stock units on January 28, 2021, which vest in three equal installments on each of January 28, 2022, 2023, and 2024.