ATLN ATLANTIC INTERNATIONAL CORP. Insider Trading

General Counsel buys 577.2K ATLN shares at $0.00; holding rises 57.6% to 1.58M; cluster buy pattern emerges

Tenore Michael, General Counsel, acquired 577,171 shares at $0.00 on 2025-01-07, increasing his holdings from 1,001,694 shares to 1,578,865 shares—a 57.6% increase in position size. The zero-dollar transaction price suggests this was a non-cash acquisition (possible vesting, exercise of rights, or internal grant), not an open-market purchase at market rates. Notably, 2 other insiders also bought within the past 14 days, forming a cluster buy pattern. This multi-insider activity within a compressed timeframe, combined with his substantial position increase, warrants attention. However, the company context shows revenue declined 62.5% year-over-year and net income was negative $7.0M (on $107.8M quarterly revenue), and the stock trades -38.9% below its 52-week high, so this cluster activity occurs amid significant operational headwinds.

CFO Broderick Christopher bought 577,171 shares at $0.00 on 2025-01-07; now holds 2,581,408 shares (+28.8%); 2 other insiders bought within 14 days.

Broderick Christopher, Chief Financial Officer, acquired 577,171 shares on 2025-01-07, increasing his holdings by 28.8% to 2,581,408 shares. This transaction coincides with a cluster pattern in which 2 other insiders also purchased shares within the past 14 days, suggesting coordinated or at least synchronized insider accumulation at ATLANTIC INTERNATIONAL CORP. (ATLN). The purchase occurred at a transaction price of $0.00, likely reflecting a compensation-related or corporate action issuance rather than an open-market discretionary buy. Fundamental context shows the company is unprofitable (annual net income: $-7,049,629.00) with severe revenue contraction (annual revenue growth: -62.5%), yet the stock is currently trading at $5.48, down 38.9% from its 52-week high of $8.97. The contemporaneous buy activity by multiple insiders during a period of operational distress and stock weakness merits scrutiny of the underlying transaction mechanics and any announcements that may explain the coordinated accumulation pattern.

CEO JAGID purchases 2,885,856 shares of ATLN at $0.00 (2025-01-02), raising stake to 6,621,025 shares (+77.3%)

JAGID JEFFREY M, Chief Executive Officer, purchased 2,885,856 shares at $0.00 on 2025-01-02, a zero-dollar transaction that increases his holdings from 3,735,169 shares to 6,621,025 shares—a 77.3% increase. This pricing mechanism is atypical for open-market buys and suggests a non-market transaction (e.g., restricted stock grant, stock split/recapitalization, or equity compensation vesting). The insider's cross-ticker track record shows 1 prior buy with avg 90d return +161.9% and a 100% 90-day win rate; at ATLN specifically, his prior buy on 2024-06-18 achieved +161.9% over 90 days, demonstrating accurate timing. ATLN's fundamentals are material headwinds: the company posted net income of -$7.0M, revenue declined -62.5% year-over-year, and the 52-week range is $4.00–$8.97 with the current price of $6.55 sitting -27.0% from the high and +28.4% in the last 30 days. The confluence of material concentration in the CEO's hands, substantial prior timing acuity at this ticker, and the company's deteriorating profitability warrants attention to whether this transaction reflects internal conviction about a turnaround path or simply unvested compensation mechanics.

Former CEO Jones buys 2,465 shares across 2 transactions ($14,133.50) at blended $5.73 as ATLN rebounds 28.1% in 30 days

Former CEO Daniel Robert Jones purchased 2,465 shares in two separate transactions totaling $14,133.50 at prices of $5.49 and $5.90 on consecutive trading days (2024-08-29 and 2024-08-30), bringing his holdings to 63,600 shares. This accumulation occurs within a volatile backdrop: the stock has rebounded 28.1% over the past 30 days but remains 22.2% below its 52-week high of $8.97, and the company reported severe deterioration with revenue declining 62.5% year-over-year and a net loss of $54,911,719.00 against quarterly revenue of $104,636,273.00. His prior two trades at ATLN (on 2024-08-14 and 2024-08-15) precede this filing by only two weeks, establishing a pattern of accumulation during the recent price recovery. The absence of measurable 90-day outcomes for his recent ATLN trades and his limited track record of 2 prior open-market buys across all tickers provide limited historical context for assessing the predictive value of this activity.

Former CEO Daniel Robert Jones buys 1,325 shares (blended avg $5.64) at unprofitable Atlantic International; stock -62.5% YoY revenue decline.

Daniel Robert Jones, Former CEO of Atlantic International Corp (ATLN), made 2 separate purchases totaling 1,325 shares for $7,469.00 ($5.48 and $6.00 per share on consecutive days, August 14-15, 2024). This increased his holdings from 59,810 to 61,135 shares (a 2.2% increase). The purchases occurred in a context of severe business deterioration: the company reported -$54.9M net income on $104.6M quarterly revenue and has experienced -62.5% annual revenue decline year-over-year. The stock is currently trading at $6.05, down 32.6% from its 52-week high of $8.97 but up 51.2% over the preceding 30 days. An insider acquisition by a former CEO in an unprofitable company experiencing severe revenue contraction warrants scrutiny of the transaction's underlying rationale and timing relative to any material non-public information.

Director Gattani Prateek acquires 1,300,000 shares of ATLN at $0.00; new position in recently listed micro-cap with -62.5% annual revenue decline.

Gattani Prateek, a director of Atlantic International Corp., purchased 1,300,000 shares at $0.00 on July 19, 2024, representing an initial position in the company. The transaction occurred within 16 trading days of ATLN's public listing, during a period when the stock trades at $5.96. Fundamentally, the company faces significant headwinds: annual revenue contracted 62.5% year-over-year to $31,177.00, the latest quarter shows a net loss of $-1,095,580.00, and the full fiscal year was unprofitable. The zero-dollar transaction price suggests this is likely a stock grant, vesting, or equity compensation event rather than a discretionary market purchase at fair value.

CEO JAGID JEFFREY M bought 3,735,169 shares of ATLN for $8.8M at $2.36 on 2024-06-18; 3 other insiders also bought within 14 days.

JAGID JEFFREY M, Chief Executive Officer, purchased 3,735,169 shares (3.74M shares) at $2.36 for a total value of $8,814,998.84 ($8.8M), bringing his holdings from 0 to 3,735,169 shares following a recent listing (1 trading day old as of the price date). This represents a substantial initial equity position accumulated immediately post-IPO. The cluster pattern is notable: 3 other insiders also bought within the past 14 days, suggesting coordinated leadership commitment at the newly public company. However, the fundamental backdrop warrants attention: Atlantic International posted revenue of $31,177.00 ($31.2K) in its latest quarter, net income of $-1,095,580.00 ($-1.1M) for the same period, and annual revenue decline of -62.5% year-over-year, with the company unprofitable over its most recent full fiscal year. The stock has already moved to $4.00 current price (as of 2024-06-21), representing appreciation from the $2.36 purchase price. The combination of outsized insider accumulation at a nascent public company alongside severe revenue contraction and ongoing losses represents material context for investors assessing the credibility of the leadership's equity commitment against the company's operational trajectory.

Director Robert Barry buys 728,814 shares of ATLN at $2.36 ($1.7M) with 3 other insiders buying in past 14 days; company posts -$1.1M net income, -62.5% revenue decline.

Director Robert Barry purchased 728,814 shares at $2.36 on 2024-06-18 immediately following the company's recent listing, acquiring a material stake. This buy occurs within a cluster pattern: 3 other insiders also bought within the past 14 days. The transaction warrants investor scrutiny given that Atlantic International's fundamentals show severe distress—annual revenue growth of -62.5%, a latest quarterly revenue of $31,177.00, and a net income of $-1,095,580.00 over the most recent full fiscal year. The simultaneous accumulation by multiple insiders in tandem with the company's recent public listing and deteriorating financials presents an unusual signal that requires deeper examination of insider motivations and the company's disclosed use of proceeds.

General Counsel Tenore Michael bought 1,001,694 shares of ATLN at $2.36 (now $4.00); 3 other insiders also bought in past 14 days

Tenore Michael, the General Counsel & Secretary, purchased 1,001,694 shares of Atlantic International Corp at $2.36 on 2024-06-18, representing an initial accumulation with zero prior holdings. The transaction occurred immediately following the company's recent listing (just 1 trading day prior), suggesting it was part of post-IPO positioning. Most notably, 3 other insiders also executed purchases within the same 14-day window, establishing a cluster buy pattern that indicates coordinated internal confidence in the equity immediately post-listing. Against this backdrop, Atlantic International's fundamentals present a stark contradiction: the company reported Revenue of $31,177.00 in its latest quarter, a full-year net loss of -$1,095,580.00, annual revenue contraction of -62.5%, and a market cap of $1,522,592.00. The clustering of insider accumulation at the listing moment contrasts sharply with a company exhibiting severe operational distress, raising questions about whether the purchases reflect genuine conviction in turnaround potential or reflect other incentive structures typical of post-IPO equity arrangements for insiders.

COO & CFO Broderick Christopher buys 2,004,237 shares of ATLN for $4,729,999.32; 3 other insiders also bought within 14 days at unprofitable $1.5M market cap company.

Broderick Christopher, in his role as COO & CFO, purchased 2,004,237 shares for $4,729,999.32 on 2024-06-18, his first position in ATLANTIC INTERNATIONAL CORP., just 1 trading day before the current price of $4.00 on 2024-06-21. This transaction is material in absolute dollar terms ($4.7M) and represents a substantial commitment by a senior executive at an early-stage publicly-listed company. The purchase occurs within a cluster pattern: 3 other insiders also bought within the past 14 days, indicating coordinated accumulation across the leadership team. The company context is significant for risk assessment: ATLN has a market cap of $1,522,592.00, negative net income of $-1,095,580.00 over its most recent full fiscal year, and latest-quarter revenue of $31,177.00 with annual revenue decline of -62.5%. The current stock price of $4.00 represents a 69.5% increase from the $2.36 purchase price in just 3 trading days—a rapid revaluation uncommon in micro-cap stocks. Investors should assess whether this insider cluster and leadership commitment reflects genuine operational turnaround expectations or other non-public drivers.