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

New york, june 02, 2022 (globe newswire) -- aterian, inc. (nasdaq: ater) (“aterian”), today announced that it has granted a restricted stock award with respect to 500,000 shares of common stock to anton von rueden, aterian's newly appointed chief operating officer. this inducement award was granted pursuant to the aterian 2022 inducement equity incentive plan, approved by the compensation committee of aterian's board of directors on may 27, 2022 (the “2022 inducement plan”), and granted as an inducement material to mr. von rueden'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 vesting on april 18, 2023, and the balance vesting in equal amounts on a quarterly basis thereafter, subject in each case to mr. von rueden's continued service to aterian on each vesting date.
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