Form 4: Alphatec General Counsel Sells 70,000 Shares

Alphatec Holdings' General Counsel, Tyson Eliot Marshall, sold 70,000 shares of common stock for approximately $1.36 million on November 20, 2025, under a Rule 10b5-1 plan.

Summary

• Tyson Eliot Marshall, General Counsel & Corporate Secretary of Alphatec Holdings, Inc. (ATEC), sold 70,000 shares of common stock.
• The transaction occurred on November 20, 2025.
• The shares were sold at a weighted average price of $19.51 per share, with individual transaction prices ranging from $19.46 to $19.58.
• The total value of the sale was approximately $1,365,700.
• Following this transaction, Marshall beneficially owns 368,331 shares of Alphatec common stock.
• The transaction was made pursuant to a pre-arranged Rule 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: A routine insider sale under a Rule 10b5-1 plan, which does not inherently indicate positive or negative sentiment about the company's future performance.

Industry Context

This filing reports a standard insider transaction and does not provide information directly related to broader industry trends or competitive landscape.

Corporate Governance

Stakeholder Impact

• Shareholders might note an insider sale, but the transaction being under a 10b5-1 plan suggests it is a pre-scheduled event rather than a reaction to new, material information, thus limiting immediate impact on sentiment.

Key Dates

Recommendation

The filing reports a routine insider sale by a corporate officer under a pre-arranged Rule 10b5-1 trading plan. Such transactions are often for personal financial planning and do not typically signal a change in the company's fundamental outlook or warrant an immediate change in investment recommendation. Investors should consider broader company performance and market conditions.

Keywords

Alphatec Holdings, ATEC, insider trading, Form 4, stock sale, Tyson Eliot Marshall, General Counsel, Rule 10b5-1