Alphatec (NASDAQ: ATEC) director receives 32,012 RSUs and reports major indirect stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pelizzon David R reported acquisition or exercise transactions in this Form 4 filing.
Alphatec Holdings director David R. Pelizzon reported a new equity award and existing indirect holdings. On June 10, 2026, he was granted 32,012 restricted stock units, each representing a contingent right to one share of Alphatec common stock. These units vest on the earlier of the next annual meeting of stockholders or his death or resignation, with pro-rata vesting based on days served if vesting is triggered by death or resignation.
Following the grant, Pelizzon directly holds 378,839 shares of common stock. Separately, 10,395,045 shares are held by Squadron Capital LLC, where he is one of two members of the managing committee. He may be deemed a beneficial owner of those shares but expressly disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pelizzon David R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,012 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 378,839 shares (Direct, null);
Common Stock — 10,395,045 shares (Indirect, By Squadron Capital LLC)
Footnotes (1)
- On June 10, 2026, issuer granted to the reporting person 32,012 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of issuer's common stock. The restricted stock units vest on the earlier of (a) the next annual meeting of stockholders and (b) the death or resignation of the reporting person. In the event of death or resignation of the reporting person, the grant will vest pro-rata based on the number of actual days served by the reporting person from the time of the grant to such death or resignation, divided by 365. These shares are held by Squadron Capital LLC ("Squadron"). As one of two members of the Managing Committee of Squadron, the reporting person may be deemed to be the beneficial owner of these shares. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. The inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
Key Figures
RSUs granted: 32,012 units
RSU grant price: $0.0000 per unit
Direct shares after grant: 378,839 shares
+2 more
5 metrics
RSUs granted
32,012 units
Restricted stock units granted on June 10, 2026
RSU grant price
$0.0000 per unit
Reported transaction price per share for RSU grant
Direct shares after grant
378,839 shares
Total common shares directly held following grant
Indirect shares via Squadron
10,395,045 shares
Common shares held by Squadron Capital LLC
Transaction code
A
Grant, award, or other acquisition of common stock
Key Terms
restricted stock units, contingent right, annual meeting of stockholders, pecuniary interest, +2 more
6 terms
restricted stock units financial
"issuer granted to the reporting person 32,012 restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
annual meeting of stockholders financial
"The restricted stock units vest on the earlier of (a) the next annual meeting of stockholders"
pecuniary interest financial
"disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein."
beneficial owner financial
"the reporting person may be deemed to be the beneficial owner of these shares."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Section 16 regulatory
"not be deemed to be an admission of beneficial ownership for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Alphatec (ATEC) director David R. Pelizzon report in this Form 4?
He reported a grant of 32,012 restricted stock units and his updated direct and indirect holdings. The filing shows 378,839 shares held directly and 10,395,045 shares held indirectly through Squadron Capital LLC, with a disclaimer of full beneficial ownership.
How many restricted stock units did ATEC grant to David R. Pelizzon?
Alphatec granted 32,012 restricted stock units to David R. Pelizzon on June 10, 2026. Each unit represents a contingent right to receive one share of common stock, subject to vesting conditions tied to service and specific events like the next annual stockholder meeting.
What are the vesting terms of Pelizzon’s 32,012 restricted stock units at Alphatec (ATEC)?
The 32,012 restricted stock units vest on the earlier of the next annual meeting of stockholders or Pelizzon’s death or resignation. If vesting occurs due to death or resignation, the award vests pro-rata based on actual days served from grant date divided by 365.
What is Squadron Capital LLC’s role in David R. Pelizzon’s ATEC holdings?
Squadron Capital LLC holds 10,395,045 Alphatec shares reported as indirectly owned by Pelizzon. As one of two members of Squadron’s managing committee, he may be deemed a beneficial owner but expressly disclaims beneficial ownership except for his pecuniary interest in those shares.