Lish Scott 4

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.