Form 4: Alphatec Director Karen McGinnis Receives RSU Grant, Sells Shares for Tax Obligations

Alphatec Holdings, Inc. Director Karen K. McGinnis was granted 15,131 restricted stock units and subsequently sold 3,963 shares of common stock to cover tax withholding obligations.

Summary

• Karen K. McGinnis, a Director of Alphatec Holdings, Inc. (ATEC), was granted 15,131 restricted stock units (RSUs) on June 11, 2025.
• Each RSU represents a contingent right to receive one share of Alphatec's common stock.
• These RSUs will vest on the earlier of the next annual meeting of stockholders or the reporting person's death or resignation, with pro-rata vesting in case of death or resignation.
• On the same date, Ms. McGinnis sold 3,963 shares of Alphatec common stock at a weighted average price of $12.11 per share, with prices ranging from $12.06 to $12.22.
• The sale was executed under a Rule 10b5-1 trading plan adopted on December 2, 2024, specifically to satisfy tax withholding obligations arising from the vesting of restricted stock units.
• Following these transactions, Ms. McGinnis beneficially owns 68,709 shares of Alphatec common stock.

Sentiment

Score: 6

Explanation: The document reports a grant of restricted stock units to a director, which is generally positive as it aligns management incentives with shareholder value. The subsequent sale of shares is explicitly for tax withholding obligations under a pre-arranged plan, which is a neutral, expected event rather than a negative signal about the company's prospects.

Positives

• Grant of 15,131 restricted stock units to a director, aligning management incentives with shareholder interests.
• The RSU grant includes clear vesting terms, vesting on the earlier of the next annual meeting or death/resignation, with pro-rata vesting for death or resignation.

Negatives

• Sale of 3,963 shares of common stock by a director, reducing their direct beneficial ownership.

Future Outlook

NA

Industry Context

This Form 4 filing details routine insider transactions for a director at a medical technology company specializing in spine products. Such transactions, involving RSU grants and sales for tax purposes, are common across various industries and do not inherently indicate specific industry trends or competitive shifts.

Related Party Transactions

• The grant of 15,131 restricted stock units to Karen K. McGinnis, a director of Alphatec Holdings, Inc., constitutes a related party transaction as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders by tying compensation to future stock performance. The sale for tax purposes is a routine event and does not typically signal a change in company outlook.

Next Steps

• The restricted stock units will vest on the earlier of the next annual meeting of stockholders or the death or resignation of the reporting person.

Key Dates

Keywords

Alphatec Holdings Inc, ATEC, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Grant, Stock Sale, Director Compensation, Rule 10b5-1 Plan, Tax Withholding, Corporate Governance, Karen K McGinnis