Yaniv Sarig - 10 Mar 2021 Form 4/A - Amendment Insider Report for Aterian, Inc. (ATER)

Signature
/s/ Yaniv Sarig
Issuer symbol
ATER
Transactions as of
10 Mar 2021
Transactions value $
-$6,973,058
Form type
4/A - Amendment
Filing time
02 Jul 2021, 17:01:25 UTC
Date Of Original Report
15 Mar 2021
Next filing
02 Jul 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATER Common Stock Sale -$165K -5.21K -2.01% $31.66* 255K 10 Mar 2021 Direct F1, F2
transaction ATER Common Stock Sale -$21.1K -636 -0.25% $33.13* 254K 10 Mar 2021 Direct F1, F3
transaction ATER Common Stock Sale -$121K -3.56K -1.4% $33.96* 250K 10 Mar 2021 Direct F1, F4
transaction ATER Common Stock Sale -$82.7K -2.35K -0.94% $35.13* 248K 10 Mar 2021 Direct F1, F5
transaction ATER Common Stock Sale -$149K -4.12K -1.66% $36.16* 244K 10 Mar 2021 Direct F1, F6
transaction ATER Common Stock Sale -$110K -2.97K -1.22% $37.16* 241K 10 Mar 2021 Direct F1, F7
transaction ATER Common Stock Sale -$24.2K -638 -0.26% $37.97* 240K 10 Mar 2021 Direct F1, F8
transaction ATER Common Stock Options Exercise $2.74M +282K +117.36% $9.72* 522K 11 Mar 2021 Direct F9
transaction ATER Common Stock Sale -$8.11M -255K -48.79% $31.81* 268K 11 Mar 2021 Direct F1, F10
transaction ATER Common Stock Sale -$431K -13.1K -4.9% $32.90* 254K 11 Mar 2021 Direct F1, F11
transaction ATER Common Stock Sale -$218K -6.44K -2.53% $33.80* 248K 11 Mar 2021 Direct F1, F12
transaction ATER Common Stock Sale -$286K -8.25K -3.33% $34.60* 240K 11 Mar 2021 Direct F1, F13, F14

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ATER Employee Stock Option (right to buy) Options Exercise $0 -282K -100% $0.00* 0 11 Mar 2021 Common Stock 282K $9.72 Direct F9, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2020.
F2 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.51 to $32.45, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.62 to $33.60, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.63 to $34.63, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.64 to $35.63, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.69 to $36.68, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.71 to $37.71, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.72 to $38.16, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2020.
F10 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.445 to $32.445, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.45 to $33.45, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.53 to $34.52, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F13 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.60 to $34.7399, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F14 776,315 shares held of record by the Sarig-Bulow Family Trust previously reported as indirect ownership by the Reporting Person are not being reported on this Form 4 and will not be reported on future Form 4's by the Reporting Person because the Reporting Person does not beneficially own such shares pursuant to the arrangements of the Trust.
F15 Pursuant to the initial terms of the option, 1/3rd of the number of shares subject to the option vested on October 11, 2019 and 1/36th of the number of shares subject to the option would vest following each one month period thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The Issuer accelerated the vesting of 60,000 shares subject to the option to March 11, 2021.

Remarks:

President and Chief Executive Officer This Form 4 is being amended and restated to correct the sales transactions that were previously reported, including correcting the date on which the sales occurred and the prices at which such sales occurred, and to correct the number of securities beneficially owned following the reported transactions.