PFEFFER DAVID 4

What Happened

• David Pfeffer, a director of Atlantic International Corp. (ATLN), converted 161,290 restricted stock units (RSUs) into 161,290 shares of common stock on March 12, 2026. The filing shows an exercise/conversion transaction (Form 4 code M). The shares were valued at $2.97 each for a total implied value of $479,031; the filing also records an acquisition line at $0.00 reflecting that no cash purchase was required.

Key Details

• Transaction date: March 12, 2026
• Price / valuation: $0.00 (acquisition line) and $2.97 (market valuation), total implied value $479,031
• Shares acquired: 161,290 common shares resulting from RSU conversion
• Shares owned after transaction: Not specified in the filing
• Footnotes: F1 — one-for-one conversion of RSUs to common stock; F2 — $2.97 is the closing price on Feb 27, 2026 used to value the shares; F3 — RSUs were granted June 18, 2024 and vested one year later subject to conditions
• Filing date: March 16, 2026 (filed within the Form 4 deadline; not marked late)
• Transaction code: M (exercise or conversion of derivative security)

Context

• This was a settlement/vesting event of previously granted RSUs (compensation), not an open-market purchase or sale. The filing does not indicate any immediate sale of the shares — Pfeffer appears to have taken delivery of the shares. Such RSU conversions reflect compensation vesting and should be interpreted differently from insider purchases or sales.