Form 4: Squadron Capital Sells ATEC Shares

Squadron Capital Holdings LLC, a 10% owner and director of Alphatec Holdings, Inc., reported the sale of 250,000 shares of common stock.

Summary

• Squadron Capital Holdings LLC, identified as a 10% owner and director of Alphatec Holdings, Inc. (ATEC), reported a transaction.
• The reporting person sold 250,000 shares of Alphatec Holdings, Inc. common stock.
• The transaction occurred on November 24, 2025.
• The shares were sold at a weighted average price of $20.62 per share, with individual transactions ranging from $20.34 to $20.79.
• Following this transaction, Squadron Capital Holdings LLC beneficially owns 10,895,045 shares indirectly through Squadron Capital LLC, of which Squadron Capital Holdings LLC is the controlling member.

Sentiment

Score: 3

Explanation: A significant sale of common stock by a 10% owner and director can be interpreted negatively by the market, suggesting a lack of confidence or a move to diversify holdings.

Negatives

• A significant sale of common stock by a 10% owner and director can be interpreted by the market as a negative signal regarding the company's future prospects or valuation.

Future Outlook

NA

Industry Context

This filing reports an insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• The reported transaction is a sale of common stock by Squadron Capital Holdings LLC, a 10% owner and director of Alphatec Holdings, Inc., which constitutes a related party transaction.

Stakeholder Impact

• Shareholders may perceive the sale by a significant insider as a negative indicator, potentially leading to decreased investor confidence and downward pressure on the stock price.

Key Dates

Recommendation

The sale of 250,000 shares by Squadron Capital Holdings LLC, a 10% owner and director, signals a potential lack of confidence or a strategic reduction in exposure to Alphatec Holdings, Inc. Such a significant insider sale often precedes downward pressure on the stock price, warranting a 'sell' recommendation for investors.

Keywords

Alphatec Holdings, ATEC, Squadron Capital, insider trading, Form 4, stock sale, beneficial ownership