Atlantic International (ATLN) Form 4 Shows CFO Exit and RSU Forfeiture

Rhea-AI Filing Summary

Atlantic International Corp. reported that Christopher Broderick, the company's Chief Financial Officer, retired on 08/15/2025 and returned 577,171 restricted stock units to the issuer under an exempt transition pursuant to Rule 16b-3(e). The Form 4 shows the RSUs had a $0.0001 per-unit conversion/exercise price and were deemed exercised/retired on 08/15/2025, with underlying common stock of 577,171 shares recorded as disposed and leaving Broderick with 0 derivative securities held as of the filing. The Form is signed by Christopher Broderick on 08/15/2025.

Positive

• Transparent disclosure of the CFO's retirement and the return of RSUs on Form 4
• Compliance with Rule 16b-3(e) is explicitly cited, indicating an exempt transition was followed

Negative

• CFO retirement on 08/15/2025 removes an incumbent financial officer from company leadership
• 577,171 restricted stock units were returned, reducing insider-held equity to 0 for the reporting person

Insights

Corporate Governance Expert

TL;DR: CFO retirement and return of 577,171 RSUs reduces insider ownership and signals an executive transition.

The filing documents an executive-level departure: the Chief Financial Officer retired effective 08/15/2025 and returned 577,171 restricted stock units to the company under Rule 16b-3(e). From a governance perspective, an immediate forfeiture/return of RSUs typically follows a retirement or separation agreement and removes a meaningful block of insider-aligned equity. The Form 4 is properly executed and discloses the transaction date and the nature of the exempt transition, which maintains SEC compliance but indicates a leadership change that investors will want to note for financial reporting continuity.

Securities Analyst

TL;DR: The transaction is specific and procedural; it reduces the CFO's beneficial holdings to zero but contains no financial performance data.

The Form 4 records a non-derivative/derivative reporting event tied to retirement rather than a market sale: 577,171 RSUs were returned to the issuer effective 08/15/2025 with a stated $0.0001 conversion/exercise price and resulting in zero derivative securities held by the reporting person. This is a compliance disclosure of an ownership change rather than an operational or earnings event; it does not provide revenue, expense, or balance-sheet details to assess valuation impact by itself.

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

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X

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)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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	08/15/2025	08/15/2025	D		577,171		01/07/2026	07/07/2030	Common Stock	577,171	$0	0	D

Explanation of Responses:

1. These restricted stock units were returned to the issuer in an exempt transition pursuant to Rule 16b-3(e) of the Securities Exchange Act of 1934, upon the retirement of Christopher Broderick from the Company on August 15, 2025.

	/s/ Christopher Broderick	08/15/2025
	** 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).
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FAQ

What did Christopher Broderick report on Form 4 for ATLN?

He reported his retirement effective 08/15/2025 and the return of 577,171 restricted stock units to the issuer under an exempt transition.

How many restricted stock units were returned by the reporting person?

577,171 RSUs were returned to Atlantic International Corp., resulting in 0 derivative securities beneficially owned by the reporting person.

What rule is cited for the exempt transition in the filing?

The filing cites Rule 16b-3(e) of the Securities Exchange Act of 1934 as the basis for the exempt transition.

What was the stated conversion/exercise price for the derivative security?

The Form shows a conversion/exercise price of $0.0001 for the restricted stock units.

When was the Form 4 signed by the reporting person?

The Form 4 is signed by Christopher Broderick and dated 08/15/2025.