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

Rhea-AI Filing Summary

ANSYS Inc. (ANSS) Form 4 highlights insider activity by President & CEO Ajei Gopal on 07/11/2025.

Gopal exercised 92,018 stock options (Code M) at an exercise price of $95.09 per share. The options originated from a 08/31/2016 grant that vested in 25% annual tranches and were due to expire on 08/31/2026.

To satisfy tax obligations arising from the exercise, 50,379 shares were automatically withheld (Code F) at a market price of $374.52. No open-market sale was reported.

After these transactions, the CEO’s direct beneficial ownership stands at 398,931 common shares, which includes 27,284 Deferred Stock Units and 152,530 Restricted Stock Units. All derivative securities from the 2016 option grant have now been settled, leaving 0 options outstanding from this award.

The net effect is an increase of 41,639 shares in the CEO’s direct holdings, signalling continued alignment with shareholder interests through a larger equity stake.

Positive

• CEO’s direct ownership increased by 41,639 shares, indicating a larger equity stake.
• No discretionary open-market sale beyond tax withholding, suggesting retained confidence.

Negative

• 50,379 shares were disposed of to cover taxes, partially offsetting the option exercise.

Insights

Securities Analyst

TL;DR: CEO converts 92k options, withholds 50k for taxes; net stake +41.6k shares—neutral to mildly supportive signal.

The Form 4 discloses routine option exercise activity by ANSYS’s chief executive. Exercising at $95.09—well below the prevailing $374.52—realises substantial intrinsic value yet no open-market sale occurred beyond tax withholding. Beneficial ownership rises to 398,931 shares, reflecting deeper equity exposure. While the move does not alter capital structure or fundamentals, insider accumulation can be viewed positively. However, the tax-related share disposition offsets part of the gross addition, keeping the overall market impact modest.

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^*

Marshall Tyson Eliot

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GENERAL COUNSEL & CORP. SEC.

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

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	07/10/2025		S(1)		1,500	D	$12(2)	469,301	D

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 March 14, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.01, 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	07/14/2025
	** 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 insider transaction did ANSS report on 07/11/2025?

CEO Ajei Gopal exercised 92,018 stock options and withheld 50,379 shares for taxes.

How many ANSYS shares did the CEO acquire through option exercise?

92,018 common shares were acquired via option exercise at $95.09 per share.

At what price were the options exercised?

The exercise price was $95.09 per share.

How many shares were withheld for taxes and at what price?

50,379 shares were withheld at $374.52 per share to cover taxes.

What is the CEO’s total beneficial ownership after the transactions?

Ajei Gopal now directly owns 398,931 shares, including DSUs and RSUs.