Director converts RSUs into shares at Atlantic International (ATLN)

Rhea-AI Filing Summary

Atlantic International Corp. director David Pfeffer exercised previously granted Restricted Stock Units, converting 161,290 RSUs into the same number of shares of common stock on a one-for-one basis. The RSUs were valued at $2.97 per share based on the February 27, 2026 closing price, and Pfeffer held 162,820 common shares directly after the transaction. No shares were sold in connection with this Form 4; it reflects a compensation-related conversion rather than an open-market trade.

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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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^*

PFEFFER DAVID

(Last) (First) (Middle)

464 IVY AVENUE

(Street)

HAWORTH NJ 07641

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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
Common Stock	03/12/2026	03/12/2026	M		161,290(1)	A	$0	162,820	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	$0	03/12/2026		M		161,290(1)		03/12/2026(3)	06/18/2034	Common Stock	161,290	$2.97(2)	0	D

Explanation of Responses:

1. Conversion Ratio: Represents the conversion of Restricted Stock Units (RSUs) into Common Stock on a one-for-one basis.

2. These shares were valued at $2.97 the closing market price on February 27, 2026 when the RSU exercise notice was executed.

3. Vesting Details: These RSUs were granted on June 18, 2024, one year thereafter, subject to the satisfaction of certain obligations in the grant.

	/s/ David Pfeffer	03/13/2026
	** 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.
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FAQ

What insider transaction did Atlantic International (ATLN) report on this Form 4?

Atlantic International reported that director David Pfeffer converted 161,290 Restricted Stock Units into the same number of common shares. This was an exercise of equity awards, not an open-market purchase or sale of stock.

How many Atlantic International (ATLN) shares does David Pfeffer hold after the RSU conversion?

Following the RSU conversion, David Pfeffer directly holds 162,820 shares of Atlantic International common stock. This reflects the addition of 161,290 shares issued upon the exercise of his previously granted Restricted Stock Units.

Was there any stock sale by David Pfeffer in the Atlantic International (ATLN) Form 4?

The Form 4 shows no stock sales by David Pfeffer. It records only the exercise and conversion of 161,290 Restricted Stock Units into common stock, a compensation-related event rather than an open-market disposition.

At what price were David Pfeffer’s Atlantic International (ATLN) RSUs valued on conversion?

The Restricted Stock Units were valued at $2.97 per share, the closing market price on February 27, 2026, when the RSU exercise notice was executed, according to the transaction footnotes.

When were the Atlantic International (ATLN) RSUs granted and how did they vest?

The RSUs were granted on June 18, 2024 and vested one year thereafter, subject to the satisfaction of obligations in the grant. Upon vesting, they were converted one-for-one into common stock.

What does the M transaction code mean in the Atlantic International (ATLN) Form 4?

The M transaction code indicates an exercise or conversion of a derivative security. Here it reflects the conversion of Restricted Stock Units into common stock rather than a market purchase or sale.