Alphatec (ATEC) Director Disposes of 62,500 Shares; Direct Holdings Remain 618,050
Rhea-AI Filing Summary
Mortimer Berkowitz III, a director of Alphatec Holdings, Inc. (ATEC), reported a sale of common stock on 09/09/2025. The Form 4 shows he disposed of 62,500 shares at a weighted-average price of $15.97, reducing his reported direct beneficial ownership to 618,050 shares. The filing also discloses indirect holdings: 24,802 shares held by spouse and 146,575 shares each attributed to four separate 2016 trusts for Charlotte G., Thomas G., Hayward M., and William W. Berkowitz. The footnotes state the sale occurred in multiple transactions at prices ranging from $15.90 to $16.04 and that the reporting person disclaims beneficial ownership of the spouse-held shares except for pecuniary interest. The Form is signed by an attorney-in-fact on behalf of the reporting person on 09/11/2025.
Positive
- Timely Section 16 disclosure of the insider sale, including price range and offer to provide transaction-level details
- Clear delineation between direct and indirect holdings with explanatory footnotes
Negative
- Reduction in direct holdings following the sale (62,500 shares disposed)
- Form does not specify whether the sale was pursuant to a pre-arranged plan (no 10b5-1 box checked or plan referenced)
Insights
TL;DR: Director sold 62,500 ATEC shares at a weighted average $15.97; direct holdings remain substantial.
The Form 4 documents a non-derivative disposition by Director Mortimer Berkowitz III totaling 62,500 common shares on 09/09/2025 at a weighted-average price of $15.97, with transaction prices reported between $15.90 and $16.04. After the sale his direct beneficial ownership is reported as 618,050 shares. The filing lists additional indirect positions held by spouse and four 2016 trusts but includes a disclaimer limiting claimed beneficial ownership to pecuniary interest for the spouse-held shares. This is a routine Section 16 disclosure of an insider sale; the filing itself contains no new operational or financial metrics for Alphatec.
TL;DR: The disclosure is compliant and specific; multiple trust attributions are noted without changes to trustee roles.
The report indicates compliance with Section 16 reporting requirements: the director reported the disposition and provided a footnote disclosing the price range and willingness to provide transaction-level detail. Indirect ownership is attributed via spouse and four named 2016 trusts, with a footnote clarifying trustee status may imply deemed beneficial ownership. The Form is executed by an attorney-in-fact, which is a common execution method for these filings. The disclosure does not state any change in officer/director status or trust arrangements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 62,500 | $15.97 | $998K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.90 to $16.04, 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. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. As one of two trustees of the identified trust, the reporting person may be deemed to be the beneficial owner of these shares.
