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

Rhea-AI Filing Summary

Atlas Energy Solutions Inc. 10% owner Chris Scholla reported a mix of equity award vesting and related share sales. On March 4, 2026, Scholla acquired 25,977 shares of common stock at $0.00 per share through the vesting of performance share units under the company’s Long Term Incentive Plan, tied to shareholder return and return on capital over a three-year period. On March 6, 2026, Scholla sold 8,912 shares of common stock in an open-market transaction at a weighted average price of $11.786 per share, in multiple trades between $11.52 and $11.98, to pay taxes due upon the PSU vesting. After these transactions, Scholla directly owned 567,972 shares of Atlas Energy Solutions common stock.

Insights

Equity compensation analyst

Routine equity award vesting with tax-related share sale looks neutral overall.

The filing shows a 10% owner, Chris Scholla, receiving 25,977 common shares at $0.00 on March 4, 2026 from vested performance share units under Atlas Energy Solutions Inc.’s Long Term Incentive Plan. These PSUs were originally granted on March 13, 2023 and vested based on absolute and relative shareholder return and return on capital employed performance over a three-year period.

On March 6, 2026, Scholla sold 8,912 shares of common stock in an open-market transaction at a weighted average price of $11.786, with individual trades between $11.52 and $11.98. Footnote disclosure states these shares were sold specifically to pay taxes arising from the PSU vesting, which is a common mechanism for settling tax obligations on equity awards.

The net effect is an increase in directly held shares to 567,972, despite the tax-related sale. Because the sale is tied to tax obligations rather than discretionary portfolio changes, and the scale is limited relative to the insider’s total holdings, this activity appears routine and is best viewed as neutral from an investment thesis perspective.

Insider Trade Summary

Net Seller: 8,912 shares ($105,037)

Net Sell 2 txns

Insider Scholla Chris

Role 10% Owner

Sold 8,912 shs ($105K)

Type	Security	Shares	Price	Value
Sale	Common Stock	8,912	$11.786	$105K
Grant/Award	Common Stock	25,977	$0.00	--

Holdings After Transaction: Common Stock — 567,972 shares (Direct)

Footnotes (1)

1. Award of performance share units ("PSUs") pursuant to the Atlas Energy Solutions Inc. Long Term Incentive Plan. The award vested on March 4, 2026, subject to certified performance and authorized settlement by the Compensation Committee of the Issuer with respect to PSUs originally granted on March 13, 2023, which vested based on the Issuer's absolute and relative shareholder return and Return on Capital Employed Performance over a three year period. Represents shares sold to pay taxes due upon the vesting of PSUs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.52 to $11.98 inclusive. The reporting person undertakes to provide to Atlas Energy Solutions Inc., any security holder of Atlas Energy Solutions Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

Form 4 Insider Transactions: What Each Field Means →

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^*

Scholla Chris

(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
	Officer (give title below)	X	Other (specify below)
			Member of 10% Owner Group

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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	03/04/2026		A		25,977(1)	A	$0	576,884	D
Common Stock	03/06/2026		S		8,912(2)	D	$11.786	567,972	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. Award of performance share units ("PSUs") pursuant to the Atlas Energy Solutions Inc. Long Term Incentive Plan. The award vested on March 4, 2026, subject to certified performance and authorized settlement by the Compensation Committee of the Issuer with respect to PSUs originally granted on March 13, 2023, which vested based on the Issuer's absolute and relative shareholder return and Return on Capital Employed Performance over a three year period.

2. Represents shares sold to pay taxes due upon the vesting of PSUs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.52 to $11.98 inclusive. The reporting person undertakes to provide to Atlas Energy Solutions Inc., any security holder of Atlas Energy Solutions Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

Remarks:

Member of 10% owner group

	/s/ Chris Scholla, by Dathan C. Voelter as Attorney-in-Fact	03/06/2026
	** 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 insider transactions did Chris Scholla report for Atlas Energy Solutions (AESI)?

Chris Scholla reported two transactions: a grant and vesting of 25,977 shares of Atlas Energy Solutions common stock from performance share units on March 4, 2026, and the open-market sale of 8,912 shares on March 6, 2026, to cover taxes due.

How many Atlas Energy Solutions (AESI) shares did Chris Scholla acquire and at what price?

Scholla acquired 25,977 shares of Atlas Energy Solutions common stock at $0.00 per share on March 4, 2026. These shares resulted from the vesting of performance share units granted under the company’s Long Term Incentive Plan, based on three-year performance metrics.

How many Atlas Energy Solutions (AESI) shares did Chris Scholla sell and at what price range?

Scholla sold 8,912 shares of Atlas Energy Solutions common stock on March 6, 2026, at a weighted average price of $11.786. The shares were sold in multiple transactions, with individual prices ranging from $11.52 to $11.98 per share, as disclosed.

Why did Chris Scholla sell Atlas Energy Solutions (AESI) shares after the PSU vesting?

The filing states the 8,912 Atlas Energy Solutions shares were sold to pay taxes due upon the vesting of performance share units. This indicates the sale was driven by tax obligations linked to the equity award, rather than a discretionary reduction in ownership.

What are the performance share units (PSUs) mentioned for Atlas Energy Solutions (AESI)?

The PSUs are equity awards under the Atlas Energy Solutions Inc. Long Term Incentive Plan. They were originally granted on March 13, 2023, and vested on March 4, 2026, based on absolute and relative shareholder return and Return on Capital Employed performance over a three-year period.

How many Atlas Energy Solutions (AESI) shares does Chris Scholla own after these transactions?

Following the reported transactions, Scholla directly owned 567,972 shares of Atlas Energy Solutions common stock. This figure reflects the vesting of 25,977 shares from performance share units and the subsequent sale of 8,912 shares to cover related tax obligations.