Form 4: Alphatec Holdings CEO Patrick Miles Reports Stock Sales and Tax Withholding

CEO Patrick Miles reports stock sales and tax withholding related to vesting of restricted stock units.

Summary

• Alphatec Holdings CEO Patrick Miles reported changes in beneficial ownership of company stock.
• On March 6, 2025, 70,097 shares were withheld by the issuer to cover tax obligations related to vesting restricted stock units at a price of $11.44.
• On March 7, 2025, Miles sold 12,691 shares at a weighted average price of $10.64, ranging from $10.33 to $10.93, under a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Miles directly owns 5,857,603 shares of common stock.
• Miles also indirectly owns 10,900 shares through an IRA and 250,000 shares through MOM, LLC.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The filing primarily reports stock sales for tax obligations and a pre-planned trading plan, which doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like CEOs, buy or sell their company's stock. These filings provide transparency into insider transactions and can be scrutinized by investors for insights into management's view of the company's prospects.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The tax withholding impacts the CEO's personal finances but doesn't directly affect employees, customers, suppliers, or creditors.

Key Dates