secwatch.observer — SEC 8-K summary
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Issuer:     Aterian, Inc. (ATER)
CIK:        0001757715
Form:       8-K
Filed at:   2026-09-29T21:25:03+00:00
Accession:  0001437749-26-031486
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757715/000143774926031486/0001437749-26-031486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757715/000143774926031486/ater20260929_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-031486

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