Form 4: Alphatec Holdings Director David Pelizzon Receives Restricted Stock Unit Grant

Alphatec Holdings, Inc. Director and 10% owner David R. Pelizzon was granted 15,131 restricted stock units as part of his compensation.

Summary

• David R. Pelizzon, a Director and 10% owner of Alphatec Holdings, Inc. (ATEC), was granted 15,131 restricted stock units (RSUs) on June 11, 2025.
• Each RSU represents a contingent right to receive one share of the issuer's common stock.
• The restricted stock units are set to vest on the earlier of the next annual meeting of stockholders or the death or resignation of Mr. Pelizzon.
• In the event of death or resignation, the grant will vest pro-rata based on the number of actual days served by Mr. Pelizzon from the grant date to such event, divided by 365.
• Following this transaction, Mr. Pelizzon directly beneficially owns 346,827 shares of common stock.
• Additionally, 11,395,045 shares are indirectly beneficially owned by Squadron Capital LLC, where Mr. Pelizzon serves as one of two members of the Managing Committee, though he expressly disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The grant of restricted stock units to a director is generally a positive sign of alignment between management and shareholder interests, though it is a routine compensation event rather than a direct investment.

Positives

• The grant of 15,131 restricted stock units to a director and 10% owner aligns his long-term interests with those of the company's shareholders.
• The vesting schedule encourages continued service and performance from a key insider.

Risks

• The ultimate value of the restricted stock units is dependent on the future market price of Alphatec Holdings, Inc.'s common stock.
• The pro-rata vesting condition upon death or resignation introduces specific terms for partial vesting that may differ from standard full vesting upon a specific event.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider equity compensation. It does not provide broader industry context or trends, focusing solely on the specific transaction involving a director's equity grant.

Related Party Transactions

• The indirect beneficial ownership of 11,395,045 shares by Squadron Capital LLC, where David R. Pelizzon is a Managing Committee member, constitutes a related party interest, though he expressly disclaims beneficial ownership except for his pecuniary interest.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns his interests with shareholders, potentially encouraging long-term value creation and retention of key personnel.

Next Steps

• The restricted stock units will vest on the earlier of the next annual meeting of stockholders or the death or resignation of the reporting person.

Key Dates

Recommendation

Keywords

Alphatec Holdings, ATEC, SEC Form 4, Restricted Stock Units, RSU Grant, Insider Transaction, Beneficial Ownership, Director Compensation, Equity Compensation, Squadron Capital LLC