Form 4: Alphatec Holdings CFO John Todd Koning Sells 37,500 Shares to Cover Tax Obligations

Alphatec Holdings CFO John Todd Koning sold 37,500 shares of common stock on April 24, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 24, 2024, John Todd Koning, the Chief Financial Officer of Alphatec Holdings, Inc. (ATEC), sold 37,500 shares of the company's common stock.
• The sale was executed at a weighted average price of $12.82 per share, with individual transactions occurring between $12.55 and $13.07.
• Following the transaction, Koning directly owns 393,356 shares of Alphatec Holdings, Inc.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 14, 2023, and amended on November 13, 2023.
• The purpose of the sale was to satisfy certain tax withholding obligations resulting from the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale by an executive to cover tax obligations. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning or diversification. The use of a 10b5-1 trading plan suggests the insider is selling shares in a pre-planned manner to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by a company executive could have a minor negative impact on investor sentiment, but the use of a pre-arranged trading plan mitigates this concern.

Key Dates