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

Role: SVP, Global Spinal Systems
Signature: /s/ Paul Benny, Attorney-in-Fact for Dennis L. Cirino
Stock symbol: SPNE
Transactions as of: Jan 1, 2023
Transactions value $: -$26,303
Form type: 4
Date filed: 1/3/2023, 04:23 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		+5.35K	+11.55%		51.7K	Jan 1, 2023	Direct	F1
transaction	SPNE	Common Stock	Tax liability	-$26.3K	-3.15K	-6.09%	$8.35	48.6K	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	-5.35K	-100%	$0.00^*	0	Jan 1, 2023	Common Stock	5.35K		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 16,056 restricted stock units on January 1, 2020, which vested in three equal installments on each of January 1, 2021, 2022 and 2023.