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

Atlantic CEO's Multi-Million Share Purchase Clarified in Updated Report

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

Rhea-AI Filing Summary

This Form 4/A is an amended insider trading report for Jeffrey M. Jagid, who serves as both Director and Chief Executive Officer of Atlantic International Corp (ATLN). The filing corrects a previously reported transaction from January 2024.

Key transaction details:

  • Acquired 2,885,856 shares of common stock at $0.0001 per share on January 2, 2024
  • Total beneficial ownership following transaction: 3,735,169 shares (Direct ownership)
  • Received 2,885,856 Restricted Stock Units (RSUs) on January 7, 2025
    • Exercisable from January 2, 2026
    • Expiration date: July 2, 2030

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

Positive

  • None.

Negative

  • CEO Jeffrey Jagid's 2.89M RSUs were issued in error and returned to the company, reducing his beneficial ownership and potentially indicating internal control weaknesses in equity compensation processes
Insider JAGID JEFFREY M
Role Chief Executive Officer
Bought 2,885,856 shs ($288.59)
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,885,856 $0.00 --
Purchase Common Stock, $.0001 par value 2,885,856 $0.0001 $288.59
Holdings After Transaction: Restricted Stock Units — 2,885,856 shares (Direct); Common Stock, $.0001 par value — 3,735,169 shares (Direct)
Footnotes (1)
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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*
JAGID JEFFREY M
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive 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 01/02/2024 01/02/2025 P 2,885,856 A $0.0001 3,735,169 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 2,885,856 01/02/2026 07/02/2030 Common Stock 2,885,856 $0 2,885,856 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/ Jeffrey Jagid 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 of ATLN stock did CEO Jeffrey Jagid acquire on January 2, 2024?

According to the Form 4/A filing, CEO Jeffrey Jagid acquired 2,885,856 shares of ATLN common stock at a price of $0.0001 per share on January 2, 2024. Following this transaction, his total beneficial ownership increased to 3,735,169 shares held directly.

What restricted stock units (RSUs) were granted to ATLN's CEO and what happened to them?

On January 7, 2025, Jeffrey Jagid was granted 2,885,856 restricted stock units with an exercise price of $0.0001. However, according to the filing's explanation, these RSUs were issued in error and were subsequently returned to the issuer pursuant to Rule 16b-3(e). The RSUs had an exercisable date of January 2, 2026 and an expiration date of July 2, 2030.

What positions does Jeffrey Jagid hold at ATLN?

According to the Form 4/A filing, Jeffrey Jagid serves in dual roles at Atlantic International Corp. (ATLN) as both a Director and Chief Executive Officer of the company.

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

ATLN filed this Form 4/A as an amendment to an original Form 4 that was filed on January 8, 2025. The amendment was necessary to correct the record regarding restricted stock units that were issued in error and subsequently returned to the issuer under Rule 16b-3(e).