Form 4: Alphatec 10% Owner Sells $5.2M in Common Stock

Squadron Capital Holdings LLC, a 10% owner and director of Alphatec Holdings, Inc., reported selling 250,000 shares of common stock for approximately $5.2 million.

Summary

• Squadron Capital Holdings LLC, a 10% owner and director of Alphatec Holdings, Inc. (ATEC), reported the sale of common stock.
• On December 8, 2025, 221,166 shares of common stock were sold at a weighted average price of $21.2 per share, totaling approximately $4,688,699.52.
• Following this transaction, the reporting person beneficially owned 10,673,879 shares indirectly.
• On December 9, 2025, an additional 28,834 shares of common stock were sold at a weighted average price of $21.03 per share, totaling approximately $606,399.02.
• After the second transaction, the reporting person's indirect beneficial ownership stood at 10,645,045 shares.
• The shares are held of record by Squadron Capital LLC, with Squadron Capital Holdings LLC being its controlling member.
• The sales were executed in multiple transactions within specified price ranges: $21.00 to $21.42 for the December 8 sale and $20.91 to $21.11 for the December 9 sale.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to significant insider selling by a 10% owner and director. While such sales can be for personal reasons or diversification, they are often interpreted by the market as a potential lack of confidence in the company's short-to-medium term prospects.

Negatives

• The sale of a significant number of shares by a 10% owner and director could be interpreted by the market as a signal of reduced confidence in the company's near-term prospects or a move towards diversification.

Risks

• Potential negative market perception due to insider selling by a significant stakeholder.
• The sales could lead to increased selling pressure on Alphatec Holdings, Inc.'s stock if other investors interpret the insider's actions negatively.

Future Outlook

This filing is a report of past insider transactions and does not contain any forward-looking statements or guidance from the company or the reporting person regarding future performance or strategy.

Industry Context

This insider transaction report does not provide information directly related to broader industry trends or competitive landscape. It solely details a change in beneficial ownership by a significant stakeholder.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially impacting investor confidence and stock price.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this specific filing.

Key Dates

Keywords

Alphatec Holdings, ATEC, Squadron Capital Holdings, Insider Selling, Form 4, Stock Sale, Beneficial Ownership, Director Transaction, 10% Owner