Miles Patrick 4

What Happened
Miles Patrick, CEO and director of Alphatec Holdings (ATEC), had 219,749 shares withheld by the company to satisfy tax withholding obligations tied to vesting restricted stock units. The filing lists the per-share value as $12.57, for a total value of $2,762,245. This was a tax-withholding disposition (code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed several days after the transaction; later than the typical 2-business-day Form 4 deadline).
• Price used: $12.57 per share. Total value of withheld shares: $2,762,245.
• Shares withheld/disposed: 219,749.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: F1 — shares were withheld by the issuer to satisfy the reporting person’s tax withholding obligations resulting from RSU vesting.
• Transaction code: F (tax withholding), not a purchase (P) or sale (S) in the open market.

Context: Withholding shares to cover taxes upon RSU vesting is a routine administrative step and does not necessarily indicate the insider is buying or selling stock in the market. Retail investors often regard purchases as stronger signals of insider conviction than withholding or routine dispositions.