Keith Valentine - Jan 1, 2023 Form 4 Insider Report for SeaSpine Holdings Corp (SPNE)

Signature
/s/ Paul Benny, Attorney-in-Fact for Keith C. Valentine
Stock symbol
SPNE
Transactions as of
Jan 1, 2023
Transactions value $
-$59,870
Form type
4
Date filed
1/3/2023, 04:22 PM
Previous filing
Jul 1, 2022
Next filing
Jan 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPNE Common Stock Options Exercise +12.2K +3.71% 341K Jan 1, 2023 Direct F1
transaction SPNE Common Stock Tax liability -$59.9K -7.17K -2.1% $8.35 334K Jan 1, 2023 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 -12.2K -100% $0.00* 0 Jan 1, 2023 Common Stock 12.2K 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 1, 2023. No shares were sold in connection with this transaction.
F3 The reporting person was granted 36,549 restricted stock units on January 1, 2020, which vested in three equal installments on each of January 1, 2021, 2022, and 2023.