Aterian: Lazar sells $12M preferred stake; holds 3.1% after 241.9M-share conversion

Aterian, Inc.

David E. Lazar sold all interests in 706,100 Series AA and 1,750,000 Series AAA Preferred Shares to purchasers for $12,000,000; converted first into 241,861,970 common shares.
After the sale Lazar holds ~3.1% of common stock and may no longer be deemed to control Aterian; no Purchaser holds more than 9.99% of fully diluted stock.
Avraham Ben-Tzvi resigned from the Board effective Sept 25, 2026, not over a disagreement; William H. Crampton (63) was named director and to Audit and Compensation panels.
Crampton received 301,205 restricted shares vesting over three years; CEO/Interim CFO Lazar got a $150,000 retention bonus, $75,000 on Sept 30 plus $75,000 after the Q3 10-Q.
CVR holders of record July 8, 2026 get ~$0.9936 per CVR payable on or about October 2, 2026 (CUSIP 021CVR014), after the July 17, 2026 asset sale to Trademark Global.

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