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  4. [Form 4/A] Atlantic International Corp. Amended Insider Trading Activity

Major Stock Grant Error: Atlantic International CFO Forced to Return Half Million Shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

This Form 4/A filing reports an amended insider trading activity for Christopher Broderick, Chief Financial Officer of Atlantic International Corp (ATLN). The amendment corrects a transaction originally filed on January 8, 2025.

Key transaction details:

  • On January 7, 2025, Broderick acquired 577,171 shares of common stock at $0.0001 per share
  • Following the transaction, Broderick directly owned 2,004,237 shares
  • Additionally, Broderick was granted 577,171 Restricted Stock Units (RSUs) with an exercise price of $0.0001
  • The RSUs become exercisable on January 7, 2026, and expire on July 7, 2030

Important correction note: The filing indicates that the RSU shares were issued in error and were subsequently returned to the issuer under Rule 16b-3(e).

Positive

  • None.

Negative

  • CFO Christopher Broderick's 577,171 RSUs were issued in error and returned to the issuer, indicating a material correction to previously reported compensation arrangements
Insider Broderick Christopher
Role Chief Financial Officer
Bought 577,171 shs ($57.72)
Type Security Shares Price Value
Grant/Award Restricted Stock Units 577,171 $0.00 --
Purchase Common Stock, $.0001 par value 577,171 $0.0001 $57.72
Holdings After Transaction: Restricted Stock Units — 577,171 shares (Direct); Common Stock, $.0001 par value — 2,004,237 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Broderick Christopher
(Last) (First) (Middle)
270 SYLVAN AVENUE,
SUITE 2230
(Street)
ENGLEWOOD CLIFFS NJ 07632
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ATLANTIC INTERNATIONAL CORP. [ ATLN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
01/08/2025 		6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.0001 par value 01/07/2025 01/07/2025 P 577,171 A $0.0001 2,004,237 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(1) $0.0001 01/07/2025 01/07/2025 A 577,171 01/07/2026 07/07/2030 Common Stock 577,171 $0 577,171 D
Explanation of Responses:
1. The underlying shares of common stock to these restricted stock units ("RSUs") were issued in error and returned to the issuer pursuant to Rule 16b-3(e).
/s/ Christopher Broderick 06/25/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many shares did ATLN's CFO Christopher Broderick acquire on January 7, 2025?

According to the Form 4/A filing, Christopher Broderick acquired 577,171 shares of ATLN common stock at a price of $0.0001 per share on January 7, 2025.

What is the total amount of ATLN shares owned by CFO Broderick after the reported transaction?

Following the reported transaction, Christopher Broderick directly owned 2,004,237 shares of ATLN common stock.

What happened with ATLN CFO's Restricted Stock Units (RSUs) granted in January 2025?

The Form 4/A indicates that 577,171 Restricted Stock Units were initially granted on January 7, 2025, but these RSUs were issued in error and were subsequently returned to the issuer pursuant to Rule 16b-3(e).

What were the vesting and expiration dates for ATLN CFO's RSU grant?

The RSUs (which were later returned due to error) had a vesting date of January 7, 2026, and an expiration date of July 7, 2030.

Why did ATLN file this Form 4/A amendment on June 28, 2025?

The Form 4/A was filed as an amendment to the original Form 4 filed on January 8, 2025, to correct an error regarding the RSU grant. The filing indicates that the RSUs were issued in error and had to be returned to the company.