Form 4: Alphatec Spine COO Scott Lish Sells Shares to Cover Tax Obligations

Alphatec Spine's Chief Operating Officer, Scott Lish, sold 27,453 shares of common stock on February 6, 2025, to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• On February 6, 2025, Scott Lish, the Chief Operating Officer of Alphatec Holdings, Inc. (ATEC), sold 27,453 shares of the company's common stock.
• The sale was executed at a weighted average price of $11.49 per share, with individual transactions occurring between $11.31 and $11.74.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 14, 2022, and amended on August 10, 2023.
• The purpose of the sale was to cover tax withholding obligations arising from the vesting of restricted stock units.
• Following the transaction, Lish directly owns 867,677 shares of Alphatec Holdings, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction for tax purposes and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It's common for executives to sell shares to cover tax obligations related to equity compensation. The existence of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the disclosure that it was for tax purposes under a pre-arranged plan mitigates this concern.

Key Dates

Keywords

Alphatec Holdings, ATEC, Scott Lish, Chief Operating Officer, stock sale, Form 4, Rule 10b5-1, tax obligations, restricted stock units, insider trading