[144] Alphatec Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

What this filing shows
The filing notifies a proposed sale of 16,666 Alphatec Holdings (ATEC) common shares by an insider through Morgan Stanley Smith Barney, with an aggregate market value of $247,823.42. The sale is slated for 08/05/2025 on NASDAQ.

Why it matters
The shares being sold were granted as performance stock units (8,624) and restricted stock units (8,042). The filer, Scott Lish, has completed multiple recent sales under trading plans, totaling 136,022 shares sold in the past three months for gross proceeds of $1,721,457.50. This is a disclosure of insider liquidity events and shows pre-planned sales activity rather than new purchases.

Positive

• Planned/transparent selling: Several sales are labeled 10b5-1, indicating pre-established trading plans and procedural transparency.
• Securities sourced from compensation: Shares to be sold were acquired as PSUs and RSUs, not through opaque transactions.

Negative

• Material insider selling: 136,022 shares were sold in the past three months, generating $1,721,457.50 in gross proceeds, which may concern some investors.
• Additional planned sale: Proposed sale of 16,666 shares on 08/05/2025 adds to recent insider liquidity.

Insights

Securities Analyst

TL;DR: Insider plans to sell 16,666 ATEC shares; recent 10b5-1 sales total 136,022 shares for $1.72M, signaling planned liquidity.

This Form 144 documents a proposed sale of 16,666 common shares via Morgan Stanley Smith Barney, valued at $247,823.42. The securities were acquired as compensation (PSUs and RSUs) on 02/24/2023 and 02/24/2024. The filing also records multiple recent 10b5-1 sales totaling 136,022 shares and $1,721,457.50 in gross proceeds. For investors, this is a transparency event: it shows insider liquidity but no new company operational information.

Corporate Governance Expert

TL;DR: Transaction appears to follow pre-established trading plans; disclosure meets Rule 144 requirements but indicates meaningful insider selling.

The notice includes a signed representation that the seller is not aware of undisclosed material adverse information and references Rule 10b5-1 planned sales. The mix of PSUs and RSUs as the source of shares suggests the shares originated from compensation grants. Governance-wise, use of brokered 10b5-1 plans and the formal Form 144 filing demonstrate procedural compliance, while the scale of recent sales warrants attention from shareholders tracking insider activity.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	16666	247823.42	147983775	08/05/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/24/2023	Performance Stock Units	Issuer			8624	02/24/2023	N/A
Common	02/24/2024	Restricted Stock Units	Issuer			8042	02/24/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for SCOTT LISH 1950 Camino Vida Roble Carlsbad CA 92008	Common	08/04/2025	17857	249998.00
10b5-1 Sales for SCOTT LISH 1950 Camino Vida Roble Carlsbad CA 92008	Common	08/01/2025	36081	452218.85
10b5-1 Sales for SCOTT LISH 1950 Camino Vida Roble Carlsbad CA 92008	Common	07/10/2025	3982	47786.55
10b5-1 Sales for SCOTT LISH 1950 Camino Vida Roble Carlsbad CA 92008	Common	06/13/2025	22727	251579.10
SCOTT LISH 1950 Camino Vida Roble Carlsbad CA 92008	Common	05/19/2025	55375	719875.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the ATEC Form 144 disclose?

The filing discloses a proposed sale of 16,666 ATEC common shares by an insider, valued at $247,823.42, to be sold on 08/05/2025 on NASDAQ.

Who is selling ATEC shares in this filing?

The seller named in recent sales is Scott Lish; the proposed sale lists a broker as Morgan Stanley Smith Barney LLC.

How many ATEC shares were sold in the past three months and for how much?

The filing reports 136,022 shares sold in the past three months for aggregate gross proceeds of $1,721,457.50.

What type of shares are being sold and how were they acquired?

The securities were acquired as compensation: 8,624 as performance stock units (02/24/2023) and 8,042 as restricted stock units (02/24/2024).

Does the filing indicate the sales were part of a trading plan?

Yes. Several recent sales are labeled 10b5-1, indicating they were executed under pre-established trading plans.