4/A: Atlantic International CEO Amends SEC Filing to Correct Erroneous RSU Issuance

Jeffrey M. Jagid, CEO and Director of Atlantic International Corp., filed an amended Form 4 to correct an erroneous issuance of Restricted Stock Units, which were subsequently returned to the issuer.

Summary

• Jeffrey M. Jagid, Chief Executive Officer and Director of Atlantic International Corp. (ATLN), filed an amended Form 4 (Form 4/A) to correct previously reported beneficial ownership.
• The amendment specifically addresses 2,885,856 Restricted Stock Units (RSUs) that were initially acquired on January 7, 2025, but were later identified as having been issued in error.
• These erroneously issued RSUs were returned to Atlantic International Corp. in accordance with Rule 16b-3(e) of the Securities Exchange Act of 1934.
• The filing also notes a prior acquisition of 2,885,856 shares of Common Stock on January 2, 2024, at a price of $0.0001 per share, resulting in a beneficial ownership of 3,735,169 shares of Common Stock following that transaction.
• The original Form 4 was filed on January 8, 2025, and this amendment was signed on June 25, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an error occurred, it was identified and corrected, demonstrating compliance. It does not reflect positively or negatively on the company's operational performance or financial health.

Positives

• The company and its executive demonstrated compliance and transparency by promptly identifying and correcting an administrative error related to equity compensation.
• The return of the erroneously issued RSUs ensures proper adherence to internal policies and regulatory requirements.

Negatives

• The initial erroneous issuance of Restricted Stock Units indicates a potential administrative oversight in the company's equity compensation processes.

Risks

• Potential for administrative errors in the issuance or management of equity compensation, which could lead to compliance issues if not promptly identified and corrected.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• 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).

Industry Context

This filing is a routine insider ownership disclosure and amendment, specific to the company's executive compensation and compliance. It does not provide broader insights into industry trends or competitive landscape.

Corporate Governance

Stakeholder Impact

• Shareholders: The correction ensures accurate reporting of executive beneficial ownership, enhancing transparency and trust in the company's compliance practices.
• Regulatory Authorities: The filing demonstrates adherence to SEC regulations regarding insider ownership reporting and corrections.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Restricted Stock Units, RSU, Equity Compensation, Corporate Governance, Insider Trading, ATLANTIC INTERNATIONAL CORP, ATLN, Jeffrey M. Jagid, Amendment