[Form 4] Alphatec Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Miles Patrick, who serves as CEO and a director of Alphatec Holdings, Inc. (ATEC), reported a planned sale of 300,000 shares of ATEC common stock on 09/02/2025 under a Rule 10b5-1 trading plan adopted on June 3, 2025. The sales were executed at a weighted average price of $15.73 with individual transaction prices ranging from $15.53 to $15.96. Following the reported disposition, Mr. Patrick beneficially owned 5,564,078 shares directly, plus 10,900 shares held by an IRA and 250,000 shares held indirectly by MOM, LLC. The Form 4 was filed and signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Sale executed under Rule 10b5-1 plan, adopted June 3, 2025, indicating pre-established trading parameters
• Full disclosure of price range and weighted average price ($15.53–$15.96; weighted average $15.73)
• Reporting person retains substantial ownership (5,564,078 shares directly plus indirect holdings)

Negative

• Insider disposition of 300,000 shares is a sizable sale that may be viewed negatively by some investors
• Form 4 shows insider liquidity, which could prompt market questions despite being under a 10b5-1 plan

Insights

Financial Analyst

TL;DR Insider sold shares under a Rule 10b5-1 plan; ownership remains material and disclosure is timely.

The reported sale of 300,000 shares at a weighted average price of $15.73 was executed pursuant to a pre-established 10b5-1 plan, which typically reduces the risk that sales reflect undisclosed company information. The reporting person retains significant direct and indirect holdings totaling over 5.8 million shares combined, indicating ongoing ownership alignment with shareholders. For investors, the transaction is a liquidity event by management but accompanied by procedural safeguards and full disclosure.

Corporate Governance Expert

TL;DR Transaction follows formal plan; disclosure meets Section 16 requirements but may invite investor questions about insider selling.

The Form 4 discloses that the trades were effected under a Rule 10b5-1 plan adopted on June 3, 2025, and provides price range and weighted average price details, which is consistent with strong disclosure practice. The filing shows the CEO remains a major beneficial owner despite the disposition. From a governance perspective, adherence to a trading plan and transparent reporting reduces governance concerns, though some stakeholders may still scrutinize insider sales for timing and intent.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Miles Patrick

(Last) (First) (Middle)

C/O ALPHATEC SPINE, INC.

1950 CAMINO VIDA ROBLE

(Street)

CARLSBAD CA 92008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Alphatec Holdings, Inc. [ ATEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/02/2025		S(1)		300,000	D	$15.73(2)	5,564,078	D
Common Stock								10,900	I	By IRA
Common Stock								250,000	I	By MOM, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 3, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.53 to $15.96, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

	/s/ Tyson E. Marshall, Attorney-in-Fact	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Miles Patrick report on the ATEC Form 4?

The Form 4 reports that Miles Patrick sold 300,000 shares of Alphatec Holdings common stock on 09/02/2025 under a Rule 10b5-1 plan.

At what price were the ATEC shares sold?

The shares were sold at prices ranging from $15.53 to $15.96, with a reported weighted average price of $15.73.

How many ATEC shares does Miles Patrick beneficially own after the sale?

After the reported transaction, he beneficially owned 5,564,078 shares directly, plus 10,900 by an IRA and 250,000 indirectly via MOM, LLC.

Was the sale part of a pre-established trading plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 3, 2025.

Who signed the Form 4 filing for Miles Patrick?

The Form 4 was signed by Tyson E. Marshall, Attorney-in-Fact on behalf of the reporting person on 09/03/2025.