Alphatec (ATEC) Form 4 Alphatec / JAMES L L TULLIS ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

TULLIS JAMES L L

(Last) (First) (Middle)

C/O ALPHATEC SPINE, INC.

1950 CAMINO VIDA ROBLE

(Street)

CARLSBAD CA 92008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Alphatec Holdings, Inc. [ ATEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2023		M(1)		6,143	A	$3.5	193,701	D
Common Stock	05/15/2023		M(2)		147,725	A	$3.5	545,331	I	By Tullis Dickerson Capital Focus III, LP
Common Stock	05/15/2023		M(3)		107,309	A	$3.5	575,283	I	By Tullis Growth Fund, L.P.
Common Stock	05/15/2023		F(1)		1,392	D	$15.44	192,309	D
Common Stock	05/15/2023		F(2)		33,487	D	$15.44	511,844	I	By Tullis Dickerson Capital Focus III, LP
Common Stock	05/15/2023		F(3)		24,325	D	$15.44	550,958	I	By Tullis Growth Fund, L.P.
Common Stock								380,097	I	By Tullis-Dickerson Partners III, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants (right to buy)	$3.5	05/15/2023		M(1)			6,143	05/17/2018	05/17/2023	Common Stock	6,143	$0	6,143	D
Warrants (right to buy)	$3.5	05/15/2023		M(2)			147,725	05/17/2018	05/17/2023	Common Stock	147,725	$0	147,726	I	By Tullis Dickerson Capital Focus III, LP
Warrants (right to buy)	$3.5	05/15/2023		M(3)			107,309	05/17/2018	05/17/2023	Common Stock	107,309	$0	107,309	I	By Tullis Growth Fund, L.P.

Explanation of Responses:

1. On May 15, 2023, the reporting person exercised warrants to purchase 6,143 shares of the issuer's common stock for $3.50 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 1,392 of the warrant shares to pay the exercise price and issuing to the reporting person 4,751 shares.

2. On May 15, 2023, the reporting person exercised warrants to purchase 147,725 shares of the issuer's common stock for $3.50 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 33,487 of the warrant shares to pay the exercise price and issuing to the reporting person 114,238 shares.

3. On May 15, 2023, the reporting person exercised warrants to purchase 107,309 shares of the issuer's common stock for $3.50 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 24,325 of the warrant shares to pay the exercise price and issuing to the reporting person 82,984 shares.

	/s/ Tyson E. Marshall, Attorney-in-Fact	05/16/2023
	** Signature of Reporting Person	Date
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