Miles Patrick 4
4 · Alphatec Holdings, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Alphatec (ATEC) CEO Miles Patrick Receives RSU Awards
What Happened
- Miles Patrick, CEO and a director of Alphatec Holdings (ATEC), received multiple restricted stock unit (RSU) awards on February 25, 2026. The filing shows grants of 611,673 RSUs, 305,707 RSUs, and 48,913 RSUs (all awards priced at $0), plus two performance-based awards of up to 152,853 RSUs each (derivative entries), for a potential total of 1,271,999 RSUs if all performance targets are met. These grants are awards — not purchases or sales — and have time- and performance-based vesting conditions.
Key Details
- Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (within the usual 2-business-day window).
- Awards/amounts: 611,673 RSUs; 305,707 RSUs; 48,913 RSUs; two contingent performance awards of up to 152,853 RSUs each (total possible additional 305,706).
- Prices/values: RSUs are granted at $0 (they represent the right to receive one share per RSU when vested). The 48,913 RSU grant amount was determined using the 30-day average trading price as of Feb 25, 2026 (grant in lieu of part of 2025 cash bonus).
- Vesting highlights:
- 611,673 RSUs: vest in three equal installments on March 5, 2026; March 5, 2027; March 5, 2028.
- 305,707 RSUs: vest in three equal installments on March 5, 2027; March 5, 2028; March 5, 2029.
- 48,913 RSUs: vest on December 4, 2026.
- Two performance-based awards (each up to 152,853 RSUs): vest only if specified stock-price hurdles (e.g., 30-day averages of $25 or $36) or certain operational metrics are achieved by various deadlines (through 2028 and 2030), per detailed footnotes.
- Beneficial-ownership note: the filing states a forfeiture of 103,391 previously reported RSUs for failure to satisfy prior performance criteria. The filing provided no single-line “shares owned after” total in the summary you provided.
Context
- RSUs are compensation awards that convert into actual shares only if and when vesting conditions are met; they do not represent immediate cash proceeds or open-market purchases. Performance-based RSUs are contingent on meeting price or operational targets — they may never vest if targets aren't met. Grants in lieu of cash bonuses (like the 48,913 RSUs) are common and reflect deferred/stock-based compensation rather than insider buying or selling.
Insider Transaction Report
Form 4
Miles Patrick
DirectorCEO
Transactions
- Award
Common Stock
[F1][F2][F3]2026-02-25+611,673→ 5,643,680 total - Award
Common Stock
[F2][F4]2026-02-25+305,707→ 5,949,387 total - Award
Common Stock
[F2][F5]2026-02-25+48,913→ 5,998,300 total - Award
Restricted Stock Units
[F6][F2]2026-02-25+152,853→ 152,853 total→ Common Stock (152,853 underlying) - Award
Restricted Stock Units
[F7][F2]2026-02-25+152,853→ 152,853 total→ Common Stock (152,853 underlying)
Holdings
- 10,900(indirect: By IRA)
Common Stock
- 250,000(indirect: By LLC)
Common Stock
Footnotes (7)
- [F1]On February 25, 2026, the issuer awarded 611,673 restricted stock units (RSUs) to the reporting person under a performance based award granted to the reporting person on January 29, 2025 upon confirmation by the issuer's compensation committee of satisfaction of certain performance criteria for the fiscal year ended December 31, 2025. The RSUs vest in three equal installments on each of March 5, 2026, March 5, 2027 and March 5, 2028.
- [F2]Each RSU represents a contingent right to receive one share of the issuer's common stock.
- [F3]Beneficial ownership reflects forfeiture of 103,391 previously reported RSUs for failure to satisfy applicable performance criteria.
- [F4]On February 25, 2026, the issuer awarded 305,707 RSUs to the reporting person. The RSUs vest in three equal installments on each of March 5, 2027, March 5, 2028 and March 5, 2029.
- [F5]On February 25, 2026, the issuer granted 48,913 RSUs to the reporting person in connection with the issuer's election to grant RSUs to the reporting person in lieu of a portion of the reporting person's 2025 cash bonus. The grant was approved and adopted by the issuer's compensation committee on February 25, 2026. The RSUs vest December 4, 2026. The grant amount was determined using the 30-day average trading price of the issuer's common stock as of close of market on February 25, 2026.
- [F6]On February 25, 2026, the issuer granted to the reporting person an award of up to 152,853 performance-based RSUs. The RSUs vest upon the issuer's (i) common stock achieving a 30-day average trading price of at least $25.00 per share at any time prior to December 31, 2028, (ii) common stock achieving a 30-day average trading price of at least $36.00 per share at any time prior to December 31, 2030, (iii) achievement of certain operational metrics determined by the issuer's compensation committee measured as of December 31, 2028, or (iv) achievement of certain operational metrics determined by the issuer's compensation committee measured as of December 31, 2030.
- [F7]On February 25, 2026, the issuer granted to the reporting person an award of up to 152,853 performance-based RSUs. The RSUs vest upon the issuer's (i) common stock achieving a 30-day average trading price of at least $36.00 per share at any time prior to December 31, 2030, or (ii) achievement of certain operational metrics determined by the issuer's compensation committee measured as of December 31, 2030.
Signature
/s/ Tyson E. Marshall, Attorney-in-Fact|2026-02-27