Form 4: Scholla tax-withholding of 728 AESI shares, 568,319 stake

Rhea-AI Filing Summary

Chris Scholla, a director and EVP & President, Sand & Logistics at Atlas Energy Solutions Inc. (AESI), reported a routine equity withholding tied to vesting of restricted stock units on 08/14/2025. The filing shows 728 shares were withheld to satisfy tax withholding at a reported value of $11.83 per share.

After this withholding, Scholla beneficially owns 568,319 shares directly and is identified as a member of a 10% owner group. The disclosure is coded as F and is described as tax-withholding rather than an open-market sale.

Positive

• Substantial continuing stake: Scholla retains 568,319 shares directly, indicating ongoing alignment with shareholders.
• Transaction is administrative: The 728-share movement is a tax-withholding on RSU vesting (not an open-market sale).

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine RSU tax-withholding; no open-market sale and limited governance implications.

The Form 4 documents a standard withholding of 728 shares upon RSU vesting to satisfy tax obligations, recorded at $11.83 per share on 08/14/2025. Scholla remains a substantial direct holder with 568,319 shares and retains roles as director and EVP & President, Sand & Logistics. From a governance perspective this is administrative: it reflects compensation settlement mechanics and does not indicate a change in voting control or a disposition that would alter board alignment.

Securities Analyst

TL;DR: Non-material market impact; transaction reduces shares delivered but is not a sale.

The reported transaction is coded F and explained as shares withheld for tax withholding upon RSU vesting. The quantity withheld (728 shares) is small relative to Scholla's continuing direct beneficial ownership of 568,319 shares. There is no indication of an open-market sale or change in economic exposure beyond the tax withholding, so the filing is unlikely to be market-moving or valuation-altering on its own.

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

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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
X	Officer (give title below)	X	Other (specify below)
	EVP & Pres, Sand & Logistics		Member of 10% Owner Group

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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	08/14/2025		F		728(1)	D	$11.83	568,319	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.

	/s/ Chris Scholla, by Dathan C. Voelter as Attorney-in-Fact	08/14/2025
	** 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 transaction did Chris Scholla report for AESI on this Form 4?

On 08/14/2025 the report shows 728 AESI shares were withheld to satisfy tax withholding upon vesting of restricted stock units.

How many AESI shares does Chris Scholla beneficially own after the reported transaction?

Following the withholding, Scholla beneficially owns 568,319 shares directly.

What roles does the reporting person hold at Atlas Energy Solutions (AESI)?

The filing lists Chris Scholla as a Director and EVP & President, Sand & Logistics, and notes he is a member of a 10% owner group.

Was the Form 4 transaction a sale or an open-market disposition for AESI?

No. The filing's explanation states the movement reflects shares withheld for tax withholding upon RSU vesting, not an open-market sale.

What price was reported for the AESI shares involved in the transaction?

The filing reports a value of $11.83 per share associated with the withheld shares.