[Form 4] Aterian, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Harlam Bari A, a director of Aterian, Inc. (ATER), acquired 78,034 shares of restricted common stock on 08/13/2025 under the issuer's 2018 Equity Incentive Plan at no cash cost. The restricted shares are subject to vesting, and after the grant the reporting person beneficially owns 137,260 shares. The Form 4 reports this non‑derivative equity award and indicates the filing was made by one reporting person.

Positive

• Director received 78,034 restricted shares under the 2018 Equity Incentive Plan, aligning interests with shareholders
• Grant recorded at $0 price, indicating an equity award rather than a purchase or sale

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received a meaningful restricted share grant, increasing direct ownership to 137,260 shares; grant is typical for alignment, not a liquidity event.

The 78,034 share award is recorded as a non‑derivative, zero‑price grant under the 2018 Equity Incentive Plan and is subject to vesting per the explanation. As this is a grant rather than a sale, it signals compensation/retention alignment rather than monetization by the insider. The post‑transaction ownership level provides context for insider stake but the Form 4 does not disclose vesting schedule details, potential accelerated vesting, or the proportion of outstanding shares represented by this holding.

Corporate Governance Expert

TL;DR: Standard equity compensation disclosure; material only as a signal of director alignment, with limited governance implications disclosed.

The filing documents a restricted stock grant to a director under the company plan. Such awards are customary to align management and board interests with shareholders. The report states the shares are subject to vesting but provides no further terms. There is no indication of related-party transactions, option exercises, or disposals that would raise immediate governance concerns based on the information provided.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Harlam Bari A

(Last) (First) (Middle)

350 SPRINGFIELD AVENUE SUITE #200

(Street)

SUMMIT NJ 07901

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Aterian, Inc. [ ATER ]

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)
08/13/2025

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	08/13/2025		A(1)		78,034	A	$0	137,260	D

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

Explanation of Responses:

1. Comprised of shares of restricted common stock granted pursuant to the Issuer's 2018 Equity Incentive Plan that are subject to vesting.

	/s/ Bari Harlam	08/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ATER director Harlam Bari acquire?

78,034 shares of restricted common stock granted under the issuer's 2018 Equity Incentive Plan

How many ATER shares does Harlam Bari beneficially own after the transaction?

137,260 shares beneficially owned following the reported transaction

Was any cash paid for the restricted shares in the Form 4?

No cash price is reported; the transaction shows a price of $0 indicating an award

Are the granted ATER shares vested immediately?

No; the filing states the shares are restricted and subject to vesting

Does the Form 4 show any sale or disposition by the reporting person?

No; the Form 4 records an acquisition (grant) of restricted common stock, not a disposal