10% owner Cornelius B Jr Prior sold 82,064 shares for $2,279,030.74 across 14 separate transactions (May 7–June 12).
Cornelius B Jr Prior, a 10% owner of ATN International, Inc., executed 14 separate sales totaling 82,064 shares for $2,279,030.74 over approximately five weeks, reducing his stake from 170,000 shares to 87,936 shares (a -48.3% reduction in holdings). The blended average price across all transactions was $27.77, against a current price of $27.63, indicating these sales were executed near prevailing market levels. The company is currently unprofitable (net income of $-2.8M on revenue of $182.2M) with flat year-over-year revenue growth (-0.2%), though the stock has appreciated +4.7% over the trailing 30 days. The staged nature of this liquidation—spread across 14 separate transactions over five weeks, with incremental share quantities and slight price drift upward over the period—merits scrutiny into whether the transactions reflect a deliberate estate rebalancing, liquidity needs, or signaling by a major shareholder.