Form 4: Alphatec Holdings EVP, Sales David Sponsel Sells Shares to Cover Tax Obligations

David Sponsel, EVP of Sales at Alphatec Holdings, sold 32,365 shares of common stock on February 27, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• David Sponsel, the EVP of Sales at Alphatec Holdings, sold 32,365 shares of common stock on February 27, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 14, 2023.
• The purpose of the sale was to satisfy tax withholding obligations resulting from the vesting of restricted stock units.
• The shares were sold at a weighted average price of $15.19, with individual transactions ranging from $14.94 to $15.35.
• Following the transaction, Sponsel directly owns 622,296 shares of Alphatec Holdings.

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

Executive stock sales are a common occurrence and are often related to personal financial planning or diversification. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on insider information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely to be minimal given the relatively small volume of shares sold.

Key Dates