Form 4: Alphatec Holdings COO Scott Lish Sells 31,075 Shares to Cover Tax Obligations

Alphatec Holdings' Chief Operating Officer, Scott Lish, sold 31,075 shares of common stock on February 27, 2024, to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• On February 27, 2024, Scott Lish, the Chief Operating Officer of Alphatec Holdings, Inc. (ATEC), sold 31,075 shares of common stock.
• The sale was executed at a weighted average price of $15.19 per share.
• The shares were sold in multiple transactions with prices ranging from $14.94 to $15.34.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 14, 2022, and amended on August 10, 2023.
• The purpose of the sale was to cover tax withholding obligations arising from the vesting of restricted stock units.
• Following the transaction, Scott Lish still beneficially owns 507,165 shares of Alphatec Holdings, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction for tax purposes under a pre-existing plan, not indicative of a major shift in the company's prospects or insider confidence.

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 sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by a company officer could have a minor negative impact on shareholder sentiment, but the pre-planned nature of the sale mitigates this concern.

Key Dates