Alphatec (NASDAQ: ATEC) GC nets 79,107 shares in option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alphatec Holdings, Inc. General Counsel and Corporate Secretary Marshall Tyson Eliot exercised employee stock options for a total of 102,500 shares of common stock on April 7, 2026, at exercise prices ranging from $1.68 to $3.34 per share.
The options were exercised on a cashless basis. To cover the exercise prices, the issuer withheld 23,393 shares at $11.03 per share and issued 79,107 shares of common stock to the reporting person. Following these transactions, he directly owned 638,566 shares of Alphatec common stock.
Positive
- None.
Negative
- None.
Insights
Routine option exercise with tax withholding, net increase in holdings.
Marshall Tyson Eliot, General Counsel of Alphatec Holdings, Inc., exercised employee stock options covering 102,500 shares of common stock at strike prices between $1.68 and $3.34 per share. These are compensation-related derivative exercises rather than open-market purchases.
The transactions used a cashless structure, with 23,393 shares withheld at $11.03 per share to pay exercise costs, and 79,107 shares issued to him. After the transactions, he directly held 638,566 shares, suggesting the event is a routine equity compensation exercise and hold, not a market sale.
Insider Trade Summary
102,500 shares exercised/converted
Mixed
9 txns
Insider
Marshall Tyson Eliot
Role
GENERAL COUNSEL & CORP. SEC.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 15,000 | $0.00 | -- |
| Exercise | Employee Stock Option (right to buy) | 15,000 | $0.00 | -- |
| Exercise | Employee Stock Option (right to buy) | 12,500 | $0.00 | -- |
| Exercise | Employee Stock Option (right to buy) | 60,000 | $0.00 | -- |
| Exercise | Common Stock | 15,000 | $1.98 | $30K |
| Exercise | Common Stock | 15,000 | $1.68 | $25K |
| Exercise | Common Stock | 12,500 | $3.34 | $42K |
| Exercise | Common Stock | 60,000 | $2.69 | $161K |
| Tax Withholding | Common Stock | 23,393 | $11.03 | $258K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 574,459 shares (Direct)
Footnotes (1)
- On April 7, 2026, the reporting person exercised options to purchase 15,000 shares of the issuer's common stock for $1.98 per share, 15,000 shares of the issuer's common stock for $1.68 per share, 12,500 shares of the issuer's common stock for $3.34 per share, and 60,000 shares of the issuer's common stock for $2.69 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 23,393 of the shares at a price of $11.03 per share to pay the applicable exercise prices for the shares and issuing to the reporting person 79,107 shares. The option vested 25% on the first anniversary of the grant date and thereafter in 36 equal monthly installments. The option expires on the tenth anniversary of the grant date.
Key Figures
Options exercised: 102,500 shares
Strike prices: $1.68–$3.34 per share
Shares withheld for costs: 23,393 shares at $11.03
+3 more
6 metrics
Options exercised
102,500 shares
Employee stock options exercised on April 7, 2026
Strike prices
$1.68–$3.34 per share
Exercise prices for the options converted to common stock
Shares withheld for costs
23,393 shares at $11.03
Shares withheld in cashless exercise to cover exercise prices and taxes
Net shares issued
79,107 shares
Net common shares issued to insider after withholding
Post-transaction holdings
638,566 shares
Direct common stock owned after April 7, 2026 transactions
Largest individual option block
60,000 shares at $2.69
Largest single option exercise among reported grants
Key Terms
Employee Stock Option, cashless basis, tax-withholding disposition, Exercise or conversion of derivative security, +1 more
5 terms
Employee Stock Option financial
"security_title: "Employee Stock Option (right to buy)""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
cashless basis financial
"The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 23,393 of the shares"
An agreement executed on a cashless basis lets a holder convert or exercise a security (like options, warrants, or conversion rights) without paying money upfront; instead the holder receives a smaller number of shares equal in value to what the cash would have purchased. Think of trading a coupon for fewer slices of a cake rather than handing over cash for the full slice. For investors, it affects how much ownership and dilution occur and avoids immediate cash outlays.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
vested 25% on the first anniversary financial
"The option vested 25% on the first anniversary of the grant date and thereafter in 36 equal monthly installments."
FAQ
What did Alphatec (ATEC) insider Marshall Tyson Eliot report in this Form 4?
He reported exercising employee stock options for 102,500 shares of Alphatec common stock. The transactions converted options into shares through a cashless exercise and increased his direct ownership to 638,566 common shares after tax-related share withholding.
How many Alphatec (ATEC) options did the General Counsel exercise and at what prices?
He exercised options for 15,000 shares at $1.98, 15,000 at $1.68, 12,500 at $3.34, and 60,000 at $2.69, totaling 102,500 shares. These employee stock options were compensation-related rights to buy common stock at set strike prices.
What does cashless exercise mean in this Alphatec (ATEC) Form 4 filing?
Cashless exercise means the insider did not pay cash to exercise the options. Instead, Alphatec withheld 23,393 shares at $11.03 per share to cover exercise costs and issued 79,107 net shares of common stock to the reporting person.
What are the General Counsel’s Alphatec (ATEC) holdings after these option exercises?
Following the reported transactions, the General Counsel directly owned 638,566 shares of Alphatec common stock. This reflects the net result after exercising 102,500 options and having 23,393 shares withheld to satisfy exercise price and related tax obligations.