[Form 4] Atlas Energy Solutions Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sale from tax-withheld RSU vesting reduced holdings. The reporting person, Dathan C. Voelter, who is an officer (General Counsel and Secretary) and a director at Atlas Energy Solutions Inc. (AESI), reported a transaction on 10/07/2025 showing 24,355 shares of common stock disposed of at a price of $11.65 per share. The filing explains these shares were withheld to satisfy tax-withholding obligations tied to restricted stock unit vesting. After the withholding, the reporting person beneficially owns 416,959 shares. The form is signed and dated 10/09/2025.

This is a routine Section 16 disclosure showing an internal tax-related disposition rather than an open-market sale; it documents compliance with required insider reporting and updates the officer's beneficial ownership level for investors and regulators.

Positive

• Timely disclosure of the transaction filed and signed on 10/09/2025
• Transaction is tax-withholding related from RSU vesting, indicating standard compensation processing rather than an open-market sale
• Post-transaction beneficial ownership disclosed as 416,959 shares, aiding investor transparency

Negative

• Reduction in direct holdings by 24,355 shares due to withholding
• Sale price disclosed at $11.65 may affect short-term share count and liquidity metrics

Insights

Corporate Governance Analyst

Routine withholding for RSU taxes lowers reported shares but maintains transparency.

The transaction reflects tax-withholding on vesting RSUs, not an active sell order: 24,355 shares were withheld at $11.65 per share to cover tax obligations. This preserves the expected net compensation from equity awards while reducing the reporting person's direct share count.

Key dependencies include the timing of RSU vesting and the company’s equity plan policies; investors should note the 10/07/2025 execution and the resulting beneficial ownership of 416,959 shares as the concrete, monitorable metrics over the near term.

Compliance & SEC Reporting Specialist

Filing demonstrates timely Section 16 reporting and clarifies transaction code meaning.

The Form 4 uses code F(1) and an explanatory remark stating shares were withheld for tax withholding, which is a common, non-discretionary disposition method tied to equity plan settlement. The form is signed on 10/09/2025, indicating prompt disclosure within the applicable reporting window.

For governance tracking, the precise numbers—24,355 shares withheld and 416,959 shares owned after—are the primary items to record for insider ownership trends over the next reporting periods.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Voelter Dathan C

(Last) (First) (Middle)

5918 W. COURTYARD DRIVE

SUITE 500

(Street)

AUSTIN TX 78730

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Atlas Energy Solutions Inc. [ AESI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
X	Officer (give title below)	X	Other (specify below)
	General Counsel and Secretary		Member of 10% Owner Group

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/07/2025		F(1)		24,355	D	$11.65	416,959	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects shares withheld upon vesting of restricted stock units to satisfy tax withholding obligations.

Remarks:

Member of 10% owner group

	Dathan C. Voelter	10/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 4 filed for AESI (Atlas Energy Solutions Inc.) report?

The Form 4 reports that Dathan C. Voelter had 24,355 shares withheld on 10/07/2025 at $11.65 per share to satisfy tax-withholding from RSU vesting, leaving 416,959 shares beneficially owned.

Was this an open-market sale or a tax-withholding event for AESI insider?

This was a tax-withholding event tied to restricted stock unit vesting, not an active open-market discretionary sale.

What is the relationship of the reporting person to AESI?

The reporting person, Dathan C. Voelter, is listed as a Director and an Officer (General Counsel and Secretary) and is noted as a member of a 10% owner group.

What transaction code and explanation are provided on the Form 4?

The transaction is reported with code F(1), with an explanation that the shares were withheld upon vesting of restricted stock units to satisfy tax withholding obligations.

How many shares does the reporting person own after this transaction?

After the withholding, the reporting person beneficially owns 416,959 shares.