Form 4: Alphatec Holdings CEO Sells Shares to Cover Tax Obligations

Alphatec Holdings CEO, Patrick Miles, sold 6,687 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Patrick Miles, CEO of Alphatec Holdings, sold 6,687 shares of common stock on January 21, 2025.
• The sale was executed at a weighted average price of $12 per share, with individual transactions ranging from $12.00 to $12.02.
• This transaction was part of a pre-arranged Rule 10b5-1 trading plan adopted on June 13, 2024.
• The purpose of the sale was to satisfy tax withholding obligations arising from the vesting of restricted stock units.
• Following the transaction, Miles directly owns 5,501,715 shares of common stock.
• He also indirectly owns 10,900 shares through an IRA and 250,000 shares through MOM, LLC.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by an executive to cover tax obligations. It is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any new material non-public information.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan is a common practice among corporate executives to avoid accusations of insider trading.
• The sale of shares to cover tax obligations is a typical occurrence when restricted stock units vest.
• The reported price range of $12.00 to $12.02 is consistent with market fluctuations for a stock like ATEC.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on the stock price, but it is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates

Keywords

Alphatec Holdings, ATEC, Patrick Miles, stock sale, Rule 10b5-1, insider trading, tax obligations, restricted stock units