Aterian (ATER) director receives 40,394 restricted shares in lieu of cash

Rhea-AI Filing Summary

Aterian, Inc. director William Kurtz received an equity award of 40,394 shares of common stock on January 23, 2026. The shares are restricted stock granted under Aterian’s 2018 Equity Incentive Plan and are subject to vesting, and the award was made in lieu of cash compensation for his service on the Board of Directors. The shares were acquired at a stated price of $0 per share, bringing his directly held beneficial ownership to 155,922 shares of Aterian common stock.

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^*

KURTZ WILLIAM

(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)
01/23/2026

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	01/23/2026		A(1)(2)		40,394	A	$0	155,922	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.

2. The reported award was granted in lieu of cash compensation for the reporting person's service as a member of the Board of Directors.

	/s/ William Kurtz	01/23/2026
	** 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.
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FAQ

What insider transaction did Aterian (ATER) disclose for William Kurtz?

Aterian reported that director William Kurtz acquired 40,394 shares of common stock on January 23, 2026 in a Form 4 filing.

Was the Aterian (ATER) share grant to William Kurtz a purchase or an award?

The filing shows an “A” (acquired) transaction code, describing an equity award of restricted common stock rather than an open‑market purchase.

What type of shares did Aterian (ATER) grant to director William Kurtz?

Kurtz received restricted common stock granted under Aterian’s 2018 Equity Incentive Plan, and these shares are subject to vesting.

Why did Aterian (ATER) grant shares to William Kurtz instead of paying cash?

According to the footnotes, the award was granted in lieu of cash compensation for Kurtz’s service as a member of the Board of Directors.

What is William Kurtz’s Aterian (ATER) share ownership after this Form 4 transaction?

Following the award, William Kurtz beneficially owns 155,922 shares of Aterian common stock in direct ownership, as reported.

Did William Kurtz pay anything for the Aterian (ATER) restricted stock award?

The Form 4 lists a price of $0 per share for the 40,394 restricted shares granted to William Kurtz.