Tomer Pascal - 15 Mar 2021 Form 4/A - Amendment Insider Report for Aterian, Inc. (ATER)

Role
Chief Revenue Officer
Signature
/s/Tomer Pascal
Issuer symbol
ATER
Transactions as of
15 Mar 2021
Net transactions value
-$822,242
Form type
4/A - Amendment
Filing time
23 Dec 2021, 16:00:23 UTC
Date Of Original Report
17 Mar 2021
Previous filing
02 Jul 2021
Next filing
02 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATER Common Stock Options Exercise $194,400 +20,000 +8.7% $9.72* 250,358 15 Mar 2021 Direct
transaction ATER Common Stock Sale $610,336 -20,000 -8% $30.52* 230,358 15 Mar 2021 Direct F1
transaction ATER Common Stock Options Exercise $194,400 +20,000 +8.7% $9.72* 250,358 16 Mar 2021 Direct
transaction ATER Common Stock Sale $600,706 -20,000 -8% $30.04* 230,358 16 Mar 2021 Direct F2

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 -20,000 -16% $0.000000 106,666 15 Mar 2021 Common Stock 20,000 $9.72 Direct F3, F4
transaction ATER Employee Stock Option (right to buy) Options Exercise $0 -20,000 -19% $0.000000 86,666 16 Mar 2021 Common Stock 20,000 $9.72 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 $30.05 to $31.04, 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.
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 $29.81 to $30.60, 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.
F3 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 shall vest following each one month period thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date.
F4 All of the unvested shares subject to the option shall vest upon either: (i) the accumulation, by means of any transaction or series of related transactions, whether directly or indirectly, beneficially or of record, by any individual and/or entity of more than 50% the outstanding shares of common stock of the Issuer, whether by merger, consolidation, sale or other transfer of shares of the Issuer's common stock, so long as the holders of the Issuer's common stock, immediately after such transaction or series of transactions, hold less than 50% of the common stock of the Issuer or the voting securities of the surviving or acquiring entity or (ii) a sale of all or substantially all of the assets of the Issuer, which may include a license transaction.

Remarks:

This Form 4 is being amended and restated to delete certain footnotes included in the Form 4, as amended (the "Amended Form 4"). The Amended Form 4 inadvertently indicated that the transactions reported therein were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2020.