Alphatec (ATEC): Miles Patrick Disposes 100K Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Miles Patrick, who serves as CEO and a director of Alphatec Holdings, Inc. (ATEC), reported a sale of 100,000 shares of the company’s common stock on 10/01/2025 under a Rule 10b5-1 trading plan adopted June 3, 2025. The sales were executed at a weighted average price of $13.96, with individual sale prices ranging from $13.73 to $14.33. After the reported transactions, the filing shows Mr. Patrick beneficially owns 5,464,078 shares directly, plus 10,900 shares in an IRA and 250,000 shares held indirectly by MOM, LLC. The Form 4 was signed on 10/02/2025 by an attorney-in-fact.
Positive
- Sale executed under a Rule 10b5-1 plan, indicating prearranged, compliant trading
- Substantial retained ownership: 5,464,078 shares directly after the sale
- Transparent price disclosure with range $13.73 to $14.33 and weighted average $13.96
Negative
- Disposal of 100,000 shares reduces insider's direct holding
- Sales at current prices may marginally increase share supply in the market on 10/01/2025
Insights
Sale executed under a 10b5-1 plan; significant retained ownership.
The report shows a 100,000-share disposition on 10/01/2025 executed pursuant to a Rule 10b5-1 plan adopted on 6/03/2025, which generally signals pre-planned, compliance-driven selling rather than opportunistic insider timing.
Following the sale, the reporting person still holds 5,464,078 shares directly, plus additional indirect and IRA holdings, indicating sustained alignment with shareholders despite the transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100,000 | $13.96 | $1.40M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.73 to $14.33, 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.
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