Marshall Tyson Eliot 4

What Happened
Marshall Tyson Eliot, Alphatec Holdings (ATEC) General Counsel & Corporate Secretary, was granted a set of restricted stock unit (RSU) awards on February 25, 2026. The filing reports: 205,094 RSUs (vest in three equal installments on Mar 5, 2026/2027/2028), 84,918 RSUs (vest in three equal installments on Mar 5, 2027/2028/2029), and 12,840 RSUs (vest Dec 4, 2026; grant tied to 30‑day average price). In addition, he received two performance-based awards of up to 42,459 RSUs each (total up to 84,918 performance RSUs) that vest only if certain stock price targets and/or operational metrics are achieved by specified dates. Each RSU represents a contingent right to one share of common stock.

Key Details

• Transaction date: February 25, 2026; reported on Form 4 filed Feb 27, 2026 (timely filing).
• Awarded shares: 205,094 RSUs; 84,918 RSUs; 12,840 RSUs; plus two performance-based awards of up to 42,459 RSUs each.
• Price/consideration: awards recorded at $0 (standard for RSU grants); the 12,840 RSU grant noted as determined using the 30‑day average price (per filing).
• Vesting: 205,094 vests in thirds March 5, 2026/2027/2028; 84,918 vests in thirds March 5, 2027/2028/2029; 12,840 vests Dec 4, 2026; performance RSUs vest only if specified price targets ($25/$36 30‑day averages) or operational metrics are met by 2028/2030 per grant terms.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• No tax‑withholding sales or option exercises reported in this filing.

Context
RSUs are awards, not open‑market purchases or sales; they convert to shares only when vested (and are contingent for performance RSUs). Performance RSUs are conditional — they may never vest if targets aren’t met. Awards are common for compensation and retention and should be viewed as compensation events rather than direct insider market timing signals.