---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-031486"
form_type: "8-K"
ticker: "ATER"
cik: "0001757715"
company_name: "Aterian, Inc."
filed_at: "2026-09-29T21:25:03+00:00"
generated_at: "2026-10-12T13:54:22.783741+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-031486
- form_type: 8-K
- ticker: ATER
- cik: 0001757715
- company_name: Aterian, Inc.
- filed_at: 2026-09-29T21:25:03+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1757715/000143774926031486/0001437749-26-031486-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1757715/000143774926031486/ater20260929_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-031486
- JSON: https://secwatch.observer/filing/0001437749-26-031486.json
- Plain text: https://secwatch.observer/filing/0001437749-26-031486.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.