Form 4: Alphatec CFO Koning Sells Shares to Cover Tax Obligations

Alphatec Holdings CFO John Todd Koning sold 121,601 shares of common stock on March 1, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 1, 2024, John Todd Koning, the CFO of Alphatec Holdings, Inc. (ATEC), sold 121,601 shares of common stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 14, 2023, and amended on November 13, 2023.
• The purpose of the sale was to satisfy tax withholding obligations arising from the vesting of restricted stock units.
• The shares were sold at prices ranging from $13.10 to $13.55, with a weighted average price of $13.3.
• Following the transaction, Koning directly owns 430,856 shares of Alphatec Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sale is related to tax obligations, which is a neutral event.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning or diversification. The use of a 10b5-1 trading plan suggests that the insider's sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The sale of shares by the CFO could have a minor negative impact on shareholder sentiment, although the pre-planned nature of the sale mitigates this concern.

Key Dates