JONES DANIEL ROBERT

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.