STOCK TITAN

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

Filing Impact
(Low)
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).

Questo Modulo 4/A è una dichiarazione correttiva di operazioni di insider trading per Jeffrey M. Jagid, che ricopre i ruoli di Direttore e Amministratore Delegato di Atlantic International Corp (ATLN). La comunicazione rettifica una transazione precedentemente segnalata risalente a gennaio 2024.

Dettagli principali della transazione:

  • Acquisto di 2.885.856 azioni ordinarie al prezzo di $0,0001 per azione il 2 gennaio 2024
  • Totale patrimonio netto dopo la transazione: 3.735.169 azioni (proprietà diretta)
  • Ricezione di 2.885.856 Unità Azionarie Vincolate (RSU) il 7 gennaio 2025
    • Convertibili a partire dal 2 gennaio 2026
    • Data di scadenza: 2 luglio 2030

Nota importante di correzione: La dichiarazione specifica che le RSU sono state emesse per errore e sono state successivamente restituite all'emittente ai sensi della Regola 16b-3(e).

Este Formulario 4/A es un informe corregido de operaciones internas para Jeffrey M. Jagid, quien desempeña los cargos de Director y Director Ejecutivo de Atlantic International Corp (ATLN). La presentación corrige una transacción reportada previamente en enero de 2024.

Detalles clave de la transacción:

  • Adquisición de 2,885,856 acciones comunes a $0.0001 por acción el 2 de enero de 2024
  • Propiedad beneficiaria total tras la transacción: 3,735,169 acciones (propiedad directa)
  • Recepción de 2,885,856 Unidades de Acciones Restringidas (RSU) el 7 de enero de 2025
    • Ejercitables a partir del 2 de enero de 2026
    • Fecha de expiración: 2 de julio de 2030

Nota importante de corrección: El informe indica que las RSU fueron emitidas por error y posteriormente devueltas al emisor bajo la Regla 16b-3(e).

이 Form 4/A는 Atlantic International Corp (ATLN)의 이사 겸 최고경영자인 Jeffrey M. Jagid의 수정된 내부자 거래 보고서입니다. 이 서류는 2024년 1월에 보고된 거래 내역을 정정합니다.

주요 거래 내용:

  • 2024년 1월 2일에 보통주 2,885,856주를 주당 $0.0001에 취득
  • 거래 후 총 실소유 주식 수: 3,735,169주 (직접 소유)
  • 2025년 1월 7일에 2,885,856 제한 주식 단위(RSU) 수령
    • 2026년 1월 2일부터 행사 가능
    • 만료일: 2030년 7월 2일

중요 정정 사항: 해당 서류는 RSU가 오발행되었으며 이후 Rule 16b-3(e)에 따라 발행자에게 반환되었음을 명시하고 있습니다.

Ce formulaire 4/A est un rapport modifié de transactions d'initiés concernant Jeffrey M. Jagid, qui occupe les postes de Directeur et de Directeur Général d'Atlantic International Corp (ATLN). Ce dépôt corrige une transaction précédemment déclarée en janvier 2024.

Détails clés de la transaction :

  • Acquisition de 2 885 856 actions ordinaires au prix de 0,0001 $ par action le 2 janvier 2024
  • Possession bénéficiaire totale après la transaction : 3 735 169 actions (possession directe)
  • Réception de 2 885 856 unités d'actions restreintes (RSU) le 7 janvier 2025
    • Exerçables à partir du 2 janvier 2026
    • Date d'expiration : 2 juillet 2030

Note importante de correction : Le dépôt indique que les RSU ont été émises par erreur et ont ensuite été retournées à l'émetteur conformément à la règle 16b-3(e).

Dieses Formular 4/A ist ein geänderter Insiderhandelsbericht für Jeffrey M. Jagid, der sowohl als Direktor als auch als Geschäftsführer von Atlantic International Corp (ATLN) tätig ist. Die Einreichung korrigiert eine zuvor gemeldete Transaktion aus dem Januar 2024.

Wichtige Transaktionsdetails:

  • Erwerb von 2.885.856 Stammaktien zu $0,0001 pro Aktie am 2. Januar 2024
  • Gesamtes wirtschaftliches Eigentum nach der Transaktion: 3.735.169 Aktien (Direktbesitz)
  • Erhalt von 2.885.856 Restricted Stock Units (RSUs) am 7. Januar 2025
    • Ausübbar ab dem 2. Januar 2026
    • Ablaufdatum: 2. Juli 2030

Wichtiger Korrekturhinweis: Die Einreichung gibt an, dass die RSUs irrtümlich ausgegeben wurden und anschließend gemäß Regel 16b-3(e) an den Emittenten zurückgegeben wurden.

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

Questo Modulo 4/A è una dichiarazione correttiva di operazioni di insider trading per Jeffrey M. Jagid, che ricopre i ruoli di Direttore e Amministratore Delegato di Atlantic International Corp (ATLN). La comunicazione rettifica una transazione precedentemente segnalata risalente a gennaio 2024.

Dettagli principali della transazione:

  • Acquisto di 2.885.856 azioni ordinarie al prezzo di $0,0001 per azione il 2 gennaio 2024
  • Totale patrimonio netto dopo la transazione: 3.735.169 azioni (proprietà diretta)
  • Ricezione di 2.885.856 Unità Azionarie Vincolate (RSU) il 7 gennaio 2025
    • Convertibili a partire dal 2 gennaio 2026
    • Data di scadenza: 2 luglio 2030

Nota importante di correzione: La dichiarazione specifica che le RSU sono state emesse per errore e sono state successivamente restituite all'emittente ai sensi della Regola 16b-3(e).

Este Formulario 4/A es un informe corregido de operaciones internas para Jeffrey M. Jagid, quien desempeña los cargos de Director y Director Ejecutivo de Atlantic International Corp (ATLN). La presentación corrige una transacción reportada previamente en enero de 2024.

Detalles clave de la transacción:

  • Adquisición de 2,885,856 acciones comunes a $0.0001 por acción el 2 de enero de 2024
  • Propiedad beneficiaria total tras la transacción: 3,735,169 acciones (propiedad directa)
  • Recepción de 2,885,856 Unidades de Acciones Restringidas (RSU) el 7 de enero de 2025
    • Ejercitables a partir del 2 de enero de 2026
    • Fecha de expiración: 2 de julio de 2030

Nota importante de corrección: El informe indica que las RSU fueron emitidas por error y posteriormente devueltas al emisor bajo la Regla 16b-3(e).

이 Form 4/A는 Atlantic International Corp (ATLN)의 이사 겸 최고경영자인 Jeffrey M. Jagid의 수정된 내부자 거래 보고서입니다. 이 서류는 2024년 1월에 보고된 거래 내역을 정정합니다.

주요 거래 내용:

  • 2024년 1월 2일에 보통주 2,885,856주를 주당 $0.0001에 취득
  • 거래 후 총 실소유 주식 수: 3,735,169주 (직접 소유)
  • 2025년 1월 7일에 2,885,856 제한 주식 단위(RSU) 수령
    • 2026년 1월 2일부터 행사 가능
    • 만료일: 2030년 7월 2일

중요 정정 사항: 해당 서류는 RSU가 오발행되었으며 이후 Rule 16b-3(e)에 따라 발행자에게 반환되었음을 명시하고 있습니다.

Ce formulaire 4/A est un rapport modifié de transactions d'initiés concernant Jeffrey M. Jagid, qui occupe les postes de Directeur et de Directeur Général d'Atlantic International Corp (ATLN). Ce dépôt corrige une transaction précédemment déclarée en janvier 2024.

Détails clés de la transaction :

  • Acquisition de 2 885 856 actions ordinaires au prix de 0,0001 $ par action le 2 janvier 2024
  • Possession bénéficiaire totale après la transaction : 3 735 169 actions (possession directe)
  • Réception de 2 885 856 unités d'actions restreintes (RSU) le 7 janvier 2025
    • Exerçables à partir du 2 janvier 2026
    • Date d'expiration : 2 juillet 2030

Note importante de correction : Le dépôt indique que les RSU ont été émises par erreur et ont ensuite été retournées à l'émetteur conformément à la règle 16b-3(e).

Dieses Formular 4/A ist ein geänderter Insiderhandelsbericht für Jeffrey M. Jagid, der sowohl als Direktor als auch als Geschäftsführer von Atlantic International Corp (ATLN) tätig ist. Die Einreichung korrigiert eine zuvor gemeldete Transaktion aus dem Januar 2024.

Wichtige Transaktionsdetails:

  • Erwerb von 2.885.856 Stammaktien zu $0,0001 pro Aktie am 2. Januar 2024
  • Gesamtes wirtschaftliches Eigentum nach der Transaktion: 3.735.169 Aktien (Direktbesitz)
  • Erhalt von 2.885.856 Restricted Stock Units (RSUs) am 7. Januar 2025
    • Ausübbar ab dem 2. Januar 2026
    • Ablaufdatum: 2. Juli 2030

Wichtiger Korrekturhinweis: Die Einreichung gibt an, dass die RSUs irrtümlich ausgegeben wurden und anschließend gemäß Regel 16b-3(e) an den Emittenten zurückgegeben wurden.

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.

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).
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