Form 4: Aterian Inc. Chief Revenue Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Phillip Lepper, Chief Revenue Officer of Aterian, Inc., sold 7,721 shares of common stock on September 11, 2024, to satisfy tax withholding obligations related to vesting restricted stock awards.
Summary
- On September 11, 2024, Phillip Lepper, the Chief Revenue Officer of Aterian, Inc., sold 7,721 shares of the company's common stock.
- The sale was executed to cover tax withholding obligations arising from the vesting of restricted stock awards.
- The shares were sold at a weighted average price of $3.06, with individual transactions ranging from $3.04 to $3.14.
- Following the transaction, Lepper directly owns 179,645 shares of Aterian, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
This is a routine Form 4 filing, indicating insider transactions. It's common for executives to sell shares to cover tax obligations when restricted stock vests.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it's a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of stock sale transaction. |
| 09/13/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.