Form 4: Alphatec Holdings Director, Karen K McGinnis, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Karen K McGinnis, a director at Alphatec Holdings, sold 38,320 shares of common stock on March 3, 2025, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 3, 2025, Karen K McGinnis, a director of Alphatec Holdings, Inc. (ATEC), sold 38,320 shares of common stock.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 2, 2024.
- The purpose of the sale was to satisfy tax withholding obligations arising from the vesting of restricted stock units.
- The shares were sold at a weighted average price of $12.26, with individual transactions ranging from $12.10 to $12.56.
- Following the transaction, McGinnis directly owns 57,541 shares of Alphatec Holdings, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine stock sale by a company director to cover tax obligations. This is a neutral event and doesn't indicate positive or negative sentiment.
Industry Context
Sales by company directors are a normal part of corporate governance. It is common for directors to sell shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2024-12-02 | Date of adoption of Rule 10b5-1 trading plan. |
| 2025-03-03 | Date of stock sale transaction. |
| 2025-03-04 | Date of signature on the Form 4 filing. |
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