Form 4: Alphatec Holdings EVP, Sales, David Sponsel, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David Sponsel, EVP of Sales at Alphatec Holdings, sold shares of common stock on February 24 and 25, 2025, to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- David Sponsel, the EVP of Sales at Alphatec Holdings, sold shares of the company's common stock on February 24 and 25, 2025.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2024.
- On February 24, 2025, 12,946 shares were sold at a weighted average price of $10.73, with prices ranging from $10.47 to $10.93.
- On February 25, 2025, 19,419 shares were sold at a weighted average price of $10.41, with prices ranging from $10.13 to $10.64.
- Following these transactions, Sponsel directly owns 702,709 shares of Alphatec Holdings common stock.
- The sales were intended to cover tax withholding obligations arising from the vesting of restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, with no indication of unusual or concerning activity.
Industry Context
Sales by company executives are a normal part of executive compensation and financial planning. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2024-09-11 | Date of adoption of Rule 10b5-1 trading plan. |
| 2025-02-24 | Date of first reported transaction: sale of 12,946 shares. |
| 2025-02-25 | Date of second reported transaction: sale of 19,419 shares. |
| 2025-02-26 | Date of Form 4 filing. |
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