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

Role: SVP, Orthobiologics and BD
Signature: /s/Paul Benny, Attorney-in-Fact for Tyler Lipschultz
Stock symbol: SPNE
Transactions as of: Jan 1, 2023
Transactions value $: -$28,482
Form type: 4
Date filed: 1/3/2023, 04:24 PM
Previous filing: Dec 30, 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		+8.36K	+6.62%		135K	Jan 1, 2023	Direct	F1
transaction	SPNE	Common Stock	Tax liability	-$28.5K	-3.41K	-2.53%	$8.35	131K	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	-8.36K	-100%	$0.00^*	0	Jan 1, 2023	Common Stock	8.36K		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 25,086 restricted stock units on January 1, 2020, which vested in three equal installments on each of January 1, 2021, 2022 and 2023.