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[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 Michael Tenore, General Counsel of Atlantic International Corp (ATLN), correcting a filing from January 8, 2025. The amendment addresses transactions that occurred on January 7, 2025.

Key transaction details:

  • Acquired 577,171 shares of common stock at $0.0001 per share
  • Received 577,171 Restricted Stock Units (RSUs) with exercise price of $0.0001
  • RSUs are exercisable from January 7, 2026, with expiration on July 7, 2030
  • Total direct ownership after transactions: 1,001,634 shares

Important correction note: The filing indicates that the RSU shares were issued in error and subsequently returned to the issuer under Rule 16b-3(e). This amendment appears to be correcting this erroneous issuance.

Questo Modulo 4/A è una segnalazione modificata di operazioni di insider trading per Michael Tenore, Consulente Legale di Atlantic International Corp (ATLN), che corregge una dichiarazione del 8 gennaio 2025. La modifica riguarda le transazioni avvenute il 7 gennaio 2025.

Dettagli principali delle transazioni:

  • Acquisto di 577.171 azioni ordinarie al prezzo di $0,0001 per azione
  • Ricezione di 577.171 Unità Azionarie Vincolate (RSU) con prezzo di esercizio di $0,0001
  • Le RSU sono esercitabili dal 7 gennaio 2026, con scadenza il 7 luglio 2030
  • Proprietà diretta totale dopo le transazioni: 1.001.634 azioni

Nota importante di correzione: La dichiarazione indica che le azioni RSU sono state emesse per errore e successivamente restituite all'emittente ai sensi della Regola 16b-3(e). Questa modifica sembra correggere tale emissione errata.

Este Formulario 4/A es un informe corregido de operaciones de insider trading para Michael Tenore, Asesor Legal General de Atlantic International Corp (ATLN), que corrige una presentación del 8 de enero de 2025. La enmienda aborda transacciones que ocurrieron el 7 de enero de 2025.

Detalles clave de la transacción:

  • Adquisición de 577,171 acciones comunes a $0.0001 por acción
  • Recepción de 577,171 Unidades de Acciones Restringidas (RSU) con precio de ejercicio de $0.0001
  • Las RSU son ejercitables desde el 7 de enero de 2026, con vencimiento el 7 de julio de 2030
  • Propiedad directa total después de las transacciones: 1,001,634 acciones

Nota importante de corrección: La presentación indica que las acciones RSU fueron emitidas por error y posteriormente devueltas al emisor conforme a la Regla 16b-3(e). Esta enmienda parece corregir esta emisión errónea.

이 Form 4/A는 Atlantic International Corp (ATLN)의 법률 고문인 Michael Tenore에 대한 수정된 내부자 거래 보고서로, 2025년 1월 8일 제출된 보고서를 정정한 것입니다. 수정 내용은 2025년 1월 7일에 발생한 거래를 다룹니다.

주요 거래 내용:

  • 577,171주의 보통주를 주당 $0.0001에 취득
  • 행사가격 $0.0001의 577,171 제한 주식 단위(RSU) 수령
  • RSU는 2026년 1월 7일부터 행사 가능하며, 만료일은 2030년 7월 7일
  • 거래 후 총 직접 소유 주식 수: 1,001,634주

중요 수정 사항: 제출서류에 따르면 RSU 주식이 오류로 발행되었으며 이후 규칙 16b-3(e)에 따라 발행자에게 반환되었습니다. 이번 수정은 이 잘못된 발행을 바로잡기 위한 것으로 보입니다.

Ce formulaire 4/A est un rapport modifié de transactions d’initiés pour Michael Tenore, conseiller juridique général d’Atlantic International Corp (ATLN), corrigeant un dépôt du 8 janvier 2025. L’amendement concerne des transactions survenues le 7 janvier 2025.

Détails clés de la transaction :

  • Acquisition de 577 171 actions ordinaires au prix de 0,0001 $ par action
  • Réception de 577 171 unités d’actions restreintes (RSU) avec un prix d’exercice de 0,0001 $
  • Les RSU sont exerçables à partir du 7 janvier 2026, avec une expiration au 7 juillet 2030
  • Propriété directe totale après les transactions : 1 001 634 actions

Note importante de correction : Le dépôt indique que les actions RSU ont été émises par erreur et ont ensuite été retournées à l’émetteur conformément à la règle 16b-3(e). Cet amendement semble corriger cette émission erronée.

Dieses Formular 4/A ist ein geänderter Insiderhandelsbericht für Michael Tenore, General Counsel von Atlantic International Corp (ATLN), der eine Einreichung vom 8. Januar 2025 korrigiert. Die Änderung betrifft Transaktionen, die am 7. Januar 2025 stattgefunden haben.

Wichtige Transaktionsdetails:

  • Erwerb von 577.171 Aktien des Stammkapitals zum Preis von $0,0001 pro Aktie
  • Erhalt von 577.171 Restricted Stock Units (RSUs) mit einem Ausübungspreis von $0,0001
  • Die RSUs sind ab dem 7. Januar 2026 ausübbar, mit Ablaufdatum am 7. Juli 2030
  • Gesamte direkte Beteiligung nach den Transaktionen: 1.001.634 Aktien

Wichtiger Korrekturhinweis: Die Einreichung gibt an, dass die RSU-Aktien irrtümlich ausgegeben wurden und anschließend gemäß Regel 16b-3(e) an den Emittenten zurückgegeben wurden. Diese Änderung scheint diese fehlerhafte Ausgabe zu korrigieren.

Positive
  • None.
Negative
  • RSUs totaling 577,171 shares were issued in error to the General Counsel and had to be returned to the company, indicating potential internal control weaknesses in equity compensation management

Questo Modulo 4/A è una segnalazione modificata di operazioni di insider trading per Michael Tenore, Consulente Legale di Atlantic International Corp (ATLN), che corregge una dichiarazione del 8 gennaio 2025. La modifica riguarda le transazioni avvenute il 7 gennaio 2025.

Dettagli principali delle transazioni:

  • Acquisto di 577.171 azioni ordinarie al prezzo di $0,0001 per azione
  • Ricezione di 577.171 Unità Azionarie Vincolate (RSU) con prezzo di esercizio di $0,0001
  • Le RSU sono esercitabili dal 7 gennaio 2026, con scadenza il 7 luglio 2030
  • Proprietà diretta totale dopo le transazioni: 1.001.634 azioni

Nota importante di correzione: La dichiarazione indica che le azioni RSU sono state emesse per errore e successivamente restituite all'emittente ai sensi della Regola 16b-3(e). Questa modifica sembra correggere tale emissione errata.

Este Formulario 4/A es un informe corregido de operaciones de insider trading para Michael Tenore, Asesor Legal General de Atlantic International Corp (ATLN), que corrige una presentación del 8 de enero de 2025. La enmienda aborda transacciones que ocurrieron el 7 de enero de 2025.

Detalles clave de la transacción:

  • Adquisición de 577,171 acciones comunes a $0.0001 por acción
  • Recepción de 577,171 Unidades de Acciones Restringidas (RSU) con precio de ejercicio de $0.0001
  • Las RSU son ejercitables desde el 7 de enero de 2026, con vencimiento el 7 de julio de 2030
  • Propiedad directa total después de las transacciones: 1,001,634 acciones

Nota importante de corrección: La presentación indica que las acciones RSU fueron emitidas por error y posteriormente devueltas al emisor conforme a la Regla 16b-3(e). Esta enmienda parece corregir esta emisión errónea.

이 Form 4/A는 Atlantic International Corp (ATLN)의 법률 고문인 Michael Tenore에 대한 수정된 내부자 거래 보고서로, 2025년 1월 8일 제출된 보고서를 정정한 것입니다. 수정 내용은 2025년 1월 7일에 발생한 거래를 다룹니다.

주요 거래 내용:

  • 577,171주의 보통주를 주당 $0.0001에 취득
  • 행사가격 $0.0001의 577,171 제한 주식 단위(RSU) 수령
  • RSU는 2026년 1월 7일부터 행사 가능하며, 만료일은 2030년 7월 7일
  • 거래 후 총 직접 소유 주식 수: 1,001,634주

중요 수정 사항: 제출서류에 따르면 RSU 주식이 오류로 발행되었으며 이후 규칙 16b-3(e)에 따라 발행자에게 반환되었습니다. 이번 수정은 이 잘못된 발행을 바로잡기 위한 것으로 보입니다.

Ce formulaire 4/A est un rapport modifié de transactions d’initiés pour Michael Tenore, conseiller juridique général d’Atlantic International Corp (ATLN), corrigeant un dépôt du 8 janvier 2025. L’amendement concerne des transactions survenues le 7 janvier 2025.

Détails clés de la transaction :

  • Acquisition de 577 171 actions ordinaires au prix de 0,0001 $ par action
  • Réception de 577 171 unités d’actions restreintes (RSU) avec un prix d’exercice de 0,0001 $
  • Les RSU sont exerçables à partir du 7 janvier 2026, avec une expiration au 7 juillet 2030
  • Propriété directe totale après les transactions : 1 001 634 actions

Note importante de correction : Le dépôt indique que les actions RSU ont été émises par erreur et ont ensuite été retournées à l’émetteur conformément à la règle 16b-3(e). Cet amendement semble corriger cette émission erronée.

Dieses Formular 4/A ist ein geänderter Insiderhandelsbericht für Michael Tenore, General Counsel von Atlantic International Corp (ATLN), der eine Einreichung vom 8. Januar 2025 korrigiert. Die Änderung betrifft Transaktionen, die am 7. Januar 2025 stattgefunden haben.

Wichtige Transaktionsdetails:

  • Erwerb von 577.171 Aktien des Stammkapitals zum Preis von $0,0001 pro Aktie
  • Erhalt von 577.171 Restricted Stock Units (RSUs) mit einem Ausübungspreis von $0,0001
  • Die RSUs sind ab dem 7. Januar 2026 ausübbar, mit Ablaufdatum am 7. Juli 2030
  • Gesamte direkte Beteiligung nach den Transaktionen: 1.001.634 Aktien

Wichtiger Korrekturhinweis: Die Einreichung gibt an, dass die RSU-Aktien irrtümlich ausgegeben wurden und anschließend gemäß Regel 16b-3(e) an den Emittenten zurückgegeben wurden. Diese Änderung scheint diese fehlerhafte Ausgabe zu korrigieren.

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*
Tenore Michael

(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)
General Counsel
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 1,001,634 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/ Michael Tenore 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 did ATLN's General Counsel Michael Tenore acquire on January 7, 2025?

According to the Form 4/A filing, Michael Tenore 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 Michael Tenore after the reported transaction?

Following the reported transaction, Michael Tenore directly owned 1,001,634 shares of ATLN common stock.

What happened with ATLN General Counsel's Restricted Stock Units (RSUs)?

The Form 4/A indicates that 577,171 Restricted Stock Units were initially granted to Michael Tenore 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 was the exercise price and expiration date of ATLN's RSUs granted to Michael Tenore?

The RSUs had a conversion price of $0.0001, were exercisable from January 7, 2026, and had an expiration date of July 7, 2030. However, these RSUs were issued in error and returned to the company.

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 issuance. The filing clarifies that the RSUs were issued in error and were returned to the issuer under Rule 16b-3(e).
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