ATN International (ATNI) ten percent owner sells 82K shares, gifts 470K
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ATN International, Inc. ten percent owner Cornelius B. Prior Jr. reported a series of transactions in the company’s common stock. Through VI E-Cell TropicalTelecom Ltd, an entity he largely owns and chairs, he executed open-market sales totaling 82,064 shares between April 20 and June 12 at prices generally in the mid‑$20s per share. He also reported bona fide gifts of 470,000 shares, including gifts made directly and through VI E-Cell, with one gift of 10,000 shares going to a non-profit entity.
Following these transactions, Prior holds 3,994,303 shares directly, 87,936 shares indirectly via VI E-Cell TropicalTelecom Ltd, and additional indirect holdings of 8,227 shares via Tropical Aircraft Co and 500 shares via his spouse. The filing notes it was submitted late due to an inadvertent administrative error and also clarifies a prior overstatement of indirect beneficial ownership for shares held by a 501(c)(3) foundation in which he has no pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 82,064 shares ($2,279,031)
Net Sell
21 txns
Insider
PRIOR CORNELIUS B JR
Role
null
Sold
82,064 shs ($2.28M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,100 | $27.96 | $534K |
| Sale | Common Stock | 2,000 | $27.30 | $55K |
| Gift | Common Stock | 10,000 | $0.00 | -- |
| Sale | Common Stock | 6,000 | $28.30 | $170K |
| Sale | Common Stock | 12,610 | $28.29 | $357K |
| Sale | Common Stock | 2,500 | $28.25 | $71K |
| Sale | Common Stock | 17,500 | $28.17 | $493K |
| Gift | Common Stock | 30,000 | $0.00 | -- |
| Gift | Common Stock | 30,000 | $0.00 | -- |
| Sale | Common Stock | 2,854 | $27.96 | $80K |
| Sale | Common Stock | 2,000 | $27.25 | $55K |
| Sale | Common Stock | 3,500 | $27.02 | $95K |
| Sale | Common Stock | 2,000 | $27.25 | $55K |
| Sale | Common Stock | 5,000 | $27.25 | $136K |
| Sale | Common Stock | 1,000 | $26.25 | $26K |
| Sale | Common Stock | 3,500 | $25.54 | $89K |
| Sale | Common Stock | 2,500 | $26.00 | $65K |
| Gift | Common Stock | 200,000 | $0.00 | -- |
| Gift | Common Stock | 200,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 87,936 shares (Indirect, By VI E-Cell TropicalTelecom Ltd);
Common Stock — 3,994,303 shares (Direct, null)
Footnotes (1)
- This Form 4 is being filed late due to inadvertent administrative error. Represents shares transferred by the reporting person to VI E-Cell Tropical Telecom Ltd. ("VI E-Cell"), a U.S. Virgin Islands limited company that is 80% owned by the reporting person and of which the reporting person serves as the chairman. In the Form 4 filed by the reporting person on April 20, 2026, the reporting person inadvertently reported indirect beneficial ownership of 363,424 shares held as trustee of a revocable trust. Such shares are not reported on this Form 4 as they are held by a 501(c)(3) foundation and the reporting person has no pecuniary interest in such shares, and as such, have been removed from this filing to correct the prior report. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.75, inclusive. The reporting person undertakes to provide to ATN International, Inc., any security holder of ATN International, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.87 to $28.00, inclusive. The reporting person undertakes to provide to ATN International, Inc., any security holder of ATN International, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.65, inclusive. The reporting person undertakes to provide to ATN International, Inc., any security holder of ATN International, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. Represents shares transferred by VI E-Cell to the reporting person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.25 to $28.35, inclusive. The reporting person undertakes to provide to ATN International, Inc., any security holder of ATN International, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.30 to $28.31, inclusive. The reporting person undertakes to provide to ATN International, Inc., any security holder of ATN International, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. Represents a bona fide gift of 10,000 shares from the reporting person to a non-profit entity. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.56 to $28.40, inclusive. The reporting person undertakes to provide to ATN International, Inc., any security holder of ATN International, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Key Figures
Shares sold: 82,064 shares
Shares gifted: 470,000 shares
Direct holdings after transactions: 3,994,303 shares
+5 more
8 metrics
Shares sold
82,064 shares
Open-market sales between April 20 and June 12, 2026
Shares gifted
470,000 shares
Bona fide gifts reported in multiple entries
Direct holdings after transactions
3,994,303 shares
Common Stock held directly by reporting person
Indirect holdings via VI E-Cell
87,936 shares
Indirect ownership through VI E-Cell TropicalTelecom Ltd
Indirect holdings via Tropical Aircraft Co
8,227 shares
Indirect ownership through Tropical Aircraft Co
Indirect holdings via spouse
500 shares
Indirect ownership via wife
Example sale price
$28.30 per share
Price for 6,000-share sale on June 2, 2026
Example sale price
$27.25 per share
Price for 2,000-share sale on May 14, 2026
Key Terms
open-market sale, bona fide gift, ten percent owner, indirect ownership, +2 more
6 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
ten percent owner regulatory
""is_ten_percent_owner": 1"
indirect ownership financial
""ownership_type": "indirect""
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pecuniary interest financial
"the reporting person has no pecuniary interest in such shares"
FAQ
What insider transactions did ATNI ten percent owner Cornelius B. Prior Jr. report?
He reported open-market sales and gifts of ATNI common stock. Sales totaled 82,064 shares through VI E-Cell TropicalTelecom Ltd, while bona fide gifts totaled 470,000 shares, including transfers both directly and through VI E-Cell.
What are Cornelius B. Prior Jr.’s ATNI holdings after these transactions?
After the reported transactions, he holds 3,994,303 ATNI shares directly. He also holds 87,936 shares indirectly through VI E-Cell TropicalTelecom Ltd, plus 8,227 shares via Tropical Aircraft Co and 500 shares via his spouse.
Were any ATNI insider gifts linked to charitable or non-profit entities?
Yes. One footnote specifies a bona fide gift of 10,000 ATN International shares from Cornelius B. Prior Jr. to a non-profit entity. Other gifts were reported both directly and via VI E-Cell TropicalTelecom Ltd, totaling 470,000 shares overall.
Why does the ATNI Form 4 mention a correction to prior beneficial ownership reporting?
The Form 4 explains that a prior filing mistakenly reported indirect beneficial ownership of shares held in a revocable trust. Those shares are actually held by a 501(c)(3) foundation in which he has no pecuniary interest, so they were removed to correct the earlier report.
Was the ATNI Form 4 for Cornelius B. Prior Jr. filed on time?
No. A footnote states the Form 4 was filed late due to an inadvertent administrative error. The filing otherwise details his recent open-market sales, gifts, and corrected beneficial ownership information for ATN International common stock.