Aterian (ATER) Insider Grant: Kurtz Now Owns 115,528 Shares

Rhea-AI Filing Summary

William Kurtz, a director of Aterian, Inc. (ATER), reported the acquisition of 78,034 restricted shares of the issuer's common stock on 08/13/2025. These shares were granted under the companys 2018 Equity Incentive Plan and are subject to vesting. Following the grant, Mr. Kurtz beneficially owns 115,528 shares. The Form 4 was signed on 08/15/2025 and was filed as an individual report by one reporting person. No purchase price is reported because the grant price is listed as $0, consistent with a restricted stock award rather than a cash purchase.

Positive

• Timely disclosure of an insider equity grant under Section 16
• Increased alignment between director and shareholders through restricted stock ownership

Negative

• No vesting schedule disclosed on this Form 4, limiting assessment of near-term dilution or incentives
• No economic value or percentage ownership relative to outstanding shares provided, so material impact cannot be fully assessed

Insights

Corporate Governance Expert

TL;DR Director received restricted stock award, increasing beneficial ownership to 115,528 shares; standard compensation practice, subject to vesting.

As a governance specialist I view this as routine director compensation disclosed under Section 16. The filing shows a grant of 78,034 restricted common shares under the 2018 Equity Incentive Plan with a reported price of $0, indicating restricted stock rather than an open-market purchase. The report is timely and individually filed. Materiality is limited unless vesting terms or total ownership represent a change to control, which are not disclosed here.

Securities Analyst

TL;DR Insider grant increases directors stake, but details on vesting and economic impact are not disclosed in this Form 4.

From a securities perspective, the transaction is a non-derivative acquisition via equity compensation. The reported post-transaction beneficial ownership is 115,528 shares. The Form 4 does not disclose vesting schedule, grant fair value, or percentage ownership of outstanding shares, so the filing confirms issuance but does not alone quantify economic impact or signaling intent to buy/sell.

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)
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	115,528	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/ William Kurtz	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 transaction did William Kurtz report on the ATER Form 4?

He reported the acquisition of 78,034 restricted common shares on 08/13/2025 granted under the 2018 Equity Incentive Plan.

How many ATER shares does William Kurtz beneficially own after the transaction?

The Form 4 reports 115,528 shares beneficially owned following the reported transaction.

Was a purchase price disclosed for the shares on the Form 4?

The transaction shows a reported price of $0, consistent with a restricted stock grant rather than a cash purchase.

When was the Form 4 signed and filed?

The signature on the Form 4 is dated 08/15/2025.

Is the reported acquisition part of a Rule 10b5-1 plan?

The Form 4 does not indicate that the transaction was made pursuant to a Rule 10b5-1 plan.