Yaniv Sarig - Jun 30, 2021 Form 4 Insider Report for Aterian, Inc. (ATER)

Role
President and Chief Executive Officer, Director
Signature
/s/ Yaniv Sarig
Stock symbol
ATER
Transactions as of
Jun 30, 2021
Transactions value $
$0
Form type
4
Date filed
7/2/2021, 05:05 PM
Previous filing
Jul 2, 2021
Next filing
Mar 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATER Common Stock Award $0 +67.3K +28.06% $0.00 307K Jun 30, 2021 Direct F1, F2
transaction ATER Common Stock Award $0 +2.4K +0.78% $0.00 309K Jun 30, 2021 Direct F3
transaction ATER Common Stock Award $0 +250K +80.81% $0.00 559K Jun 30, 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted shares of common stock were granted pursuant to the Issuer's Amended and Restated 2019 Equity Plan (the "2019 Equity Plan") due to certain forfeitures of shares previously granted pursuant to the 2019 Equity Plan to a former employee of the Issuer. In the event of a forfeiture of shares granted under the 2019 Equity Plan, such shares are automatically reallocated to the remaining participants in the 2019 Equity Plan in proportion to the number of shares covered by outstanding awards granted under the 2019 Equity Plan that each such remaining participant holds.
F2 Comprised solely of shares of restricted common stock granted pursuant to the 2019 Equity Plan that are subject to vesting. The shares of restricted common stock shall vest in full on December 14, 2021.
F3 Comprised solely of shares of restricted common stock granted pursuant to the Issuer's Amended and Restated 2018 Equity Incentive Plan (the "2018 Equity Plan") that are subject to vesting. The shares of restricted common stock shall vest in full on January 1, 2022, subject to the Reporting Person's continued service to the Issuer through such vesting date.
F4 Comprised solely of shares of restricted common stock granted pursuant to the 2018 Equity Plan that are subject to vesting. 1/3rd of the shares of restricted common stock shall vest on June 11, 2022, and 1/12th of shares of restricted common stock shall vest each quarterly period thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date.

Remarks:

President and Chief Executive Officer