Aterian, inc. reports inducement grant under nasdaq listing rule 5635(c)(4)

New york, july 31, 2023 (globe newswire) -- aterian, inc. (nasdaq: ater) (“aterian”), today announced that it has granted a restricted stock award with respect to 70,000 shares of common stock to a new employee. this inducement award was granted pursuant to the aterian 2022 inducement equity incentive plan and granted as an inducement material to the employee's employment with aterian in accordance with nasdaq listing rule 5635(c)(4). the award will vest over three years, with 33.33% of the total number of shares subject to the award vesting on the one-year anniversary of the date of the recipient's commencement of employment with aterian and the balance vesting in equal amounts on a quarterly basis thereafter, subject in each case to the recipient's continued service to aterian on each vesting date. aterian is providing this information in accordance with nasdaq listing rule 5635(c)(4).
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