SEC Form 4 · accession 0001829126-26-010034
Aterian, Inc. · ATER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David E. Lazar
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jul 17, 2026
Accepted (ET)
Sep 11, 2026 · 1:54 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001757715
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 4, 2026 | C | 875,000 | $2.00 | A | 6,737,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series AAA Convertible Non-Redeemable Preferred StockF1,F2 | $0.0148 | Jul 17, 2026 | A | 1,750,000 | A | Jul 17, 2026 | — | Common Stock | 236,425,000 | 1,750,000 | D |
| Series AA Convertible Non-Redeemable Preferred StockF2,F3 | $0.2597 | Aug 4, 2026 | C | 875,000 | D | Jul 17, 2026 | — | Common Stock | 6,737,500 | 6,737,500 | D |
Explanation of responses
- F1On July 17, 2026, the Reporting Person acquired 1,750,000 shares of Series AAA Convertible Non-Redeemable Preferred Stock at $2.00 per share (the "Series AAA Preferred Shares"), for an aggregate purchase price of $3,500,000, pursuant to the Securities Purchase Agreement dated April 27, 2026. Following receipt of the requisite stockholder approvals, each Series AAA Preferred Share may be converted into 135.1 shares of Common Stock (up to 236,425,000 shares in the aggregate) at a conversion price of $0.0148, for no additional consideration.
- F2Each of the Series AAA Preferred Shares and Series AA Convertible Non-Redeemable Preferred Stock (the "Series AA Preferred Shares") are perpetual and therefore have no expiration date.
- F3Following stockholder approval on July 17, 2026, the Series AA Preferred Shares are convertible into shares of Common Stock at the option of the Reporting Person for no additional consideration. On August 4, 2026, the Reporting Person converted 6,737,500 shares of his Series AA Preferred Shares.