Form 4: Alphatec Holdings CEO Patrick Miles Reports Stock Transaction
SEC Form 4 Filing
CEO Patrick Miles of Alphatec Holdings reports disposition of shares to cover tax obligations from vesting restricted stock units.
Summary
- On February 24, 2024, Patrick Miles, CEO of Alphatec Holdings, Inc., reported a transaction involving the disposition of 88,169 shares of common stock at a price of $15.27.
- These shares were withheld by the issuer to satisfy tax withholding obligations resulting from the vesting of restricted stock units.
- Following the transaction, Miles directly owns 5,608,402 shares of Alphatec Holdings, Inc.
- Miles also indirectly owns 10,900 shares through an IRA and 250,000 shares through MOM, LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of stock transaction (disposition of shares). |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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