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

Alphatec Holdings, Inc. CEO Patrick Miles sold 100,000 shares of common stock for a weighted average price of $21.01 per share on January 5, 2026, under a pre-arranged 10b5-1 trading plan.

Summary

• Patrick Miles, CEO and Director of Alphatec Holdings, Inc. (ATEC), reported a sale of common stock.
• The transaction involved the disposition of 100,000 shares of common stock.
• The sale occurred on January 5, 2026.
• The shares were sold at a weighted average price of $21.01 per share, with individual transaction prices ranging from $20.46 to $21.35.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Miles on June 3, 2025.
• Following the reported transaction, Mr. Miles directly beneficially owns 5,135,398 shares of common stock.
• Additionally, Mr. Miles indirectly beneficially owns 10,900 shares through an IRA and 250,000 shares through MOM, LLC.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The sale of shares by the CEO is a pre-planned event under a Rule 10b5-1 trading plan, which is a common practice for executives to manage their equity holdings for diversification or liquidity purposes without implying a negative outlook on the company's future performance.

Future Outlook

N/A for this type of filing, as Form 4 reports historical insider transactions and does not typically contain forward-looking statements or guidance.

Industry Context

N/A for this type of filing, as Form 4 reports individual insider transactions and does not typically provide broader industry analysis.

Key Dates

Recommendation

The reported transaction is a pre-scheduled sale under a Rule 10b5-1 trading plan, which typically does not signal a change in management's confidence in the company's long-term prospects. Investors should view this as a routine liquidity event rather than a bearish indicator. Therefore, a 'hold' recommendation is appropriate, maintaining current positions while monitoring future company performance and broader market trends.

Keywords

Alphatec Holdings, ATEC, Patrick Miles, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, CEO, Director