Lish Scott 4
4 · Alphatec Holdings, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Alphatec (ATEC) COO Lish Scott Receives RSU Awards
What Happened
Lish Scott, Chief Operating Officer of Alphatec Holdings (ATEC), received a package of stock awards on February 25, 2026 totaling 586,858 restricted stock units (RSUs). These were reported as awards (Form 4 code A) with no cash paid at grant (most listed at $0.00; one grant shows price as N/A because its grant value was set using a 30‑day average price). The awards include time-based RSUs, an RSU grant in lieu of a cash bonus, and multiple performance-based RSU tranches with vesting tied to price targets and/or operational metrics.
Key Details
- Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (timely).
- Total RSUs awarded: 586,858 (311,110 + 127,378 + 20,992 + 63,689 + 63,689). Reported dollar amounts: $0.00 for most awards; one award shows N/A (grant value determined by 30‑day average price).
- Vesting schedules:
- 311,110 RSUs (performance-based award originally granted Jan 29, 2025; confirmed Feb 25, 2026): vests in three equal installments on Mar 5, 2026; Mar 5, 2027; Mar 5, 2028.
- 127,378 RSUs: vest in three equal installments on Mar 5, 2027; Mar 5, 2028; Mar 5, 2029.
- 20,992 RSUs (in lieu of portion of 2025 cash bonus): vest Dec 4, 2026; grant value determined using the 30‑day average trading price as of Feb 25, 2026.
- Two separate awards of up to 63,689 RSUs each (performance-based): vest upon achieving specified stock price hurdles (30‑day average $25 by 12/31/2028 and/or $36 by 12/31/2030 for one tranche; $36 by 12/31/2030 for the other) or upon achieving certain operational metrics measured as of 12/31/2028 or 12/31/2030 as applicable.
- Each RSU represents a contingent right to one share of common stock.
- The filing notes 368 shares acquired under the issuer’s ESPP on Nov 14, 2025 and the forfeiture of 25,041 previously reported RSUs for failure to meet performance criteria.
- Shares owned after the transaction: not specified in the Form 4.
Context
- These entries are grants/awards (A), not open-market purchases or sales; they do not represent a cash outlay by the insider and are part of compensation and incentive programs.
- Performance-based RSUs are contingent — they may never convert to shares unless the price or operational targets are met by the stated dates.
- Filing appears timely (Form 4 filed within standard Section 16 reporting window).
Bottom line: This Form 4 reports a large RSU award package for Alphatec’s COO, combining near-term time-based vesting, an RSU election in lieu of bonus, and longer-term price/metric-based performance awards.
Insider Transaction Report
Form 4
Lish Scott
CHIEF OPERATING OFFICER
Transactions
- Award
Common Stock
[F1][F2][F3]2026-02-25+311,110→ 927,869 total - Award
Common Stock
[F2][F4]2026-02-25+127,378→ 1,055,247 total - Award
Common Stock
[F2][F5]2026-02-25+20,992→ 1,076,239 total - Award
Restricted Stock Units
[F6][F2]2026-02-25+63,689→ 63,689 total→ Common Stock (63,689 underlying) - Award
Restricted Stock Units
[F7][F2]2026-02-25+63,689→ 63,689 total→ Common Stock (63,689 underlying)
Footnotes (7)
- [F1]On February 25, 2026, the issuer awarded 311,110 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]Includes 368 shares acquired under issuer's employee stock purchase plan on November 14, 2025 and also reflects the forfeiture of 25,041 previously reported RSUs for failure to satisfy applicable performance criteria.
- [F4]On February 25, 2026, the issuer awarded 127,378 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 20,992 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 63,689 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 63,689 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