Atlantic International (ATLN): CEO Gifts 400,000 Shares, Receives 1,000,000 Award
Rhea-AI Filing Summary
Atlantic International Corp.'s Chief Executive Officer Jeffrey M. Jagid reported changes in beneficial ownership on Form 4. On 08/11/2025 Mr. Jagid gifted 200,000 shares to each of his two brothers (total 400,000 shares) in transactions exempt from Section 16(b); after the gift his reported direct common stock holdings were 3,335,169 shares. The Board awarded him a Restricted Stock Award of 1,000,000 shares on 08/11/2025 with a nominal price of $0.0001 and an exercisable/vesting date of 01/04/2026; the award has no expiration. Following the award, his reported beneficial ownership rose to 3,885,856 shares. The Form is signed 08/13/2025.
Positive
- Board-approved restricted stock award of 1,000,000 shares to CEO reported on 08/11/2025, exercisable/vesting 01/04/2026 and stated to have no expiration.
- Clear Form 4 disclosure including gift details, award terms, share counts, and signature dated 08/13/2025.
Negative
- CEO gifted 400,000 shares to two brothers (200,000 each) on 08/11/2025, reducing direct holdings to 3,335,169 shares.
Insights
TL;DR: CEO's reported holdings fall after a 400,000-share gift but increase overall due to a 1,000,000 restricted stock award.
The Form 4 discloses two material actions on 08/11/2025: a total gift of 400,000 common shares to family members and a Board-approved restricted stock award of 1,000,000 shares priced at $0.0001 and exercisable on 01/04/2026. Reported direct holdings after the gift were 3,335,169 shares and total beneficial ownership after the award was 3,885,856 shares. These transactions change the CEO's reported stake in absolute terms; investors should note the timing and size of the restricted award and the explicit vesting date in 2026.
TL;DR: Disclosure appears timely and explains Board-approved equity review tied to the Lyneer acquisition; gifts coded as exempt from Section 16(b).
The explanatory notes state the restricted award followed a Board review of senior management equity within one year of the June 18, 2024 closing of the Lyneer Investments LLC acquisition. The gift transactions are reported with Transaction Code 'G' and described as exempt from Section 16(b). The filing includes specific share counts, the exercisable date of the award (01/04/2026), and a signature date of 08/13/2025, meeting Form 4 disclosure elements. From a governance perspective, the record shows Board action and transparent insider reporting.