Form 4: Alphatec Holdings Executive Receives Stock Units in Lieu of Salary

Tyson E. Marshall, General Counsel & Corp. Sec. of Alphatec Holdings, Inc., received 19,848 restricted stock units (RSUs) on April 1, 2025, as part of an employee salary conversion plan.

Summary

• Tyson E. Marshall, General Counsel & Corp. Sec. of Alphatec Holdings, Inc., filed a Form 4 on April 2, 2025, reporting changes in beneficial ownership.
• On April 1, 2025, Marshall was granted 19,848 restricted stock units (RSUs) as part of the company's employee salary conversion plan.
• The RSUs are in lieu of a percentage of Marshall's cash salary for the period between March 31, 2025, and December 21, 2025.
• Each RSU represents the contingent right to receive one share of Alphatec Holdings' common stock, pending stockholder approval of an amendment to the 2016 Equity Incentive Plan.
• The RSUs will vest in two equal installments on August 5, 2025, and December 5, 2025.
• The salary to RSU conversion price is based on the closing price of Alphatec's common stock as of the market close on March 31, 2025.
• Following the reported transaction, Marshall beneficially owns 470,801 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports a routine transaction. The use of RSUs can be seen as a positive for aligning employee and shareholder interests, but it also introduces a dependency on future stock performance.

Positives

• The employee salary conversion plan may help Alphatec Holdings conserve cash by issuing RSUs instead of salary.
• The plan aligns employee interests with shareholder interests by granting stock-based compensation.

Risks

• The issuance of RSUs is contingent upon stockholder approval of an amendment to the issuer's 2016 Equity Incentive Plan to authorize sufficient additional shares for issuance.
• If stockholder approval is not obtained, the RSUs may not be issued as planned.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs and the requirement for stockholder approval.

Industry Context

The use of stock-based compensation is a common practice in the industry to attract and retain talent, and to align employee interests with those of shareholders.

Stakeholder Impact

• Shareholders: Potential dilution if the amendment to the equity incentive plan is approved and additional shares are issued.
• Employees: Provides an alternative form of compensation, potentially aligning their interests with the company's stock performance.

Next Steps

• Stockholder approval of an amendment to the issuer's 2016 Equity Incentive Plan to authorize sufficient additional shares for issuance.
• Vesting of the RSUs in two equal installments on August 5, 2025, and December 5, 2025.

Key Dates

Keywords

Alphatec Holdings, ATEC, Form 4, Restricted Stock Units, RSUs, Tyson E. Marshall, Salary Conversion Plan, Beneficial Ownership, Equity Incentive Plan