Form 4: Alphatec EVP Sells 140,000 Shares Under 10b5-1 Plan

Alphatec Holdings, Inc.'s EVP of Sales, David Sponsel, sold 140,000 shares of common stock in September 2025 through a pre-arranged Rule 10b5-1 trading plan.

Summary

• David Sponsel, Executive Vice President of Sales at Alphatec Holdings, Inc. (ATEC), reported the sale of a total of 140,000 shares of common stock.
• The sales occurred over two days: September 18, 2025, and September 19, 2025.
• On September 18, 2025, 137,445 shares were sold at a price of $15.09 per share.
• On September 19, 2025, 2,555 shares were sold at a weighted average price of $15.34 per share, with individual transaction prices ranging from $15.26 to $15.39.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Sponsel on June 12, 2025.
• Following these sales, Mr. Sponsel beneficially owns 531,861 shares of Alphatec Holdings, Inc. common stock.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled insider stock sale under a Rule 10b5-1 plan, which is a routine disclosure and does not inherently indicate positive or negative sentiment regarding the company's future performance.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, which indicates the transactions were pre-scheduled and not based on material non-public information, enhancing transparency and mitigating concerns about opportunistic insider selling.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by investors as it reduces management's direct equity stake in the company.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: May observe a reduction in executive ownership, though this is mitigated by the pre-arranged nature of the Rule 10b5-1 plan.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Key Dates

Keywords

Alphatec Holdings Inc., ATEC, David Sponsel, insider trading, Form 4, stock sale, Rule 10b5-1, executive compensation, equity disposal