Berkowitz Mortimer III 4

What Happened

• Mortimer Berkowitz III, a director of Alphatec Holdings, Inc. (ATEC), was granted 32,012 restricted stock units (RSUs) on June 10, 2026. The RSUs were awarded at $0.00 per unit (i.e., no cash cost to the recipient at grant). The filing shows an award (grant) rather than a market purchase or sale.

Key Details

• Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (timely within the usual 2-business-day window).
• Security and amount: 32,012 restricted stock units granted; acquisition price reported as $0.00.
• Vesting: RSUs vest on the earlier of (a) the next annual meeting of stockholders or (b) the director’s death or resignation. If death or resignation occurs, vesting is pro‑rata based on days served (days/365).
• Beneficial ownership notes: Berkowitz expressly disclaims beneficial ownership except for pecuniary interest; however, as one of two trustees of an identified trust he may be deemed a beneficial owner of these shares (per the filing footnotes).
• Shares owned after transaction: Not specified in the summary provided.

Context

• RSU awards to directors are a common form of compensation and are distinct from open‑market purchases (which can signal personal conviction). These RSUs are a contingent right to receive common stock in the future subject to vesting conditions; they do not represent immediately tradable shares until vested and delivered.
• No sale or exercise occurred; this is an award/grant disclosure only. The filing indicates no late reporting.