Form 4: Alphatec CEO Sells 100,000 Shares Under 10b5-1 Plan

Alphatec Holdings, Inc. CEO Patrick Miles sold 100,000 shares of common stock for a weighted average price of $22.11 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Alphatec Holdings, Inc. [ATEC] CEO Patrick Miles sold 100,000 shares of common stock.
• The transaction occurred on December 1, 2025.
• The shares were sold at a weighted average price of $22.11, with individual transaction prices ranging from $21.81 to $22.43.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 3, 2025.
• Following the transaction, Patrick Miles directly beneficially owns 5,264,078 shares.
• Indirect beneficial ownership includes 10,900 shares held by an IRA and 250,000 shares held by MOM, LLC.

Sentiment

Score: 4

Explanation: The sale of 100,000 shares by the CEO, while executed under a pre-arranged 10b5-1 plan, represents a reduction in insider holdings. While the 10b5-1 plan suggests the sale was not based on new, undisclosed information, significant insider selling can sometimes be viewed as a mild negative signal by the market regarding future stock performance or valuation.

Positives

• The sale was executed under a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled transaction rather than an immediate reaction to new, undisclosed information.

Negatives

• CEO Patrick Miles sold 100,000 shares of common stock.
• Insider selling, particularly by a CEO, can sometimes be interpreted by the market as a signal of reduced confidence or a belief that the stock is fully valued.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the CEO's sale as a signal, potentially influencing market sentiment regarding the company's stock.

Key Dates

Recommendation

The CEO's sale of 100,000 shares, while notable, was conducted under a pre-established Rule 10b5-1 trading plan. This suggests the transaction was scheduled and not necessarily indicative of a change in the CEO's immediate outlook on the company's prospects. Investors should monitor future insider activity and company performance, but this single transaction, given its pre-planned nature, does not warrant an immediate change from a 'hold' position without additional fundamental analysis.

Keywords

Alphatec Holdings, ATEC, Patrick Miles, CEO, insider trading, Form 4, stock sale, 10b5-1 plan, beneficial ownership