Form 4: Alphatec Holdings Executive Sells Shares to Cover Tax Obligations

Tyson Eliot Marshall, General Counsel & Corp. Sec. of Alphatec Holdings, sold 11,825 shares of common stock on March 1, 2024, to cover tax withholding obligations.

Summary

• On March 1, 2024, Tyson Eliot Marshall, the General Counsel & Corp. Sec. of Alphatec Holdings, sold 11,825 shares of the company's common stock.
• The sale was executed at a weighted average price of $13.3 per share, with individual transactions ranging from $13.12 to $13.55.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 14, 2023.
• The purpose of the sale was to satisfy tax withholding obligations resulting from the vesting of restricted stock units.
• Following the transaction, Marshall directly owns 305,095 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 contain any information that would be considered significantly positive or negative for the company's outlook.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning or tax obligations. The use of a 10b5-1 trading plan suggests the insider planned the transaction in advance to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates