Sealy & Smith Foundation updates Atlas Energy stake

Atlas Energy Solutions Inc. insider Sealy & Smith Foundation, a 10% owner, reported its ownership position in Common Stock.

Rhea-AI Filing Summary

Atlas Energy Solutions Inc. insider Sealy & Smith Foundation, a 10% owner, reported its ownership position in Common Stock. The Foundation directly holds 14,844,390 shares after the reported update. A separate entry covers equity compensation awarded to a director but economically committed to the Foundation.

The filing notes an award of 22,200 restricted stock units (RSUs) granted on March 4, 2026 to director Douglas G. Rogers under the 2023 Long Term Incentive Plan. Under an Outside Compensation Agreement, all director compensation from Atlas, including these RSUs upon vesting, must be transferred for no consideration to the Foundation, and the RSUs are held by Mr. Rogers for the Foundation’s benefit until transfer.

Insider Trade Summary

Other: 22,200 shares

Other 2 txns

Insider Sealy & Smith Foundation

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Common Stock	22,200	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 22,200 shares (Indirect, See footnote); Common Stock — 14,844,390 shares (Direct)

Footnotes (2)

1. F1. Consists of shares of Common Stock underlying restricted stock units ("RSUs") awarded to Douglas G. Rogers pursuant to the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan. Mr. Rogers is a director of the issuer, Atlas Energy Solutions Inc. ("Atlas"), and serves as Executive Director of the reporting person, The Sealy & Smith Foundation, a charitable foundation (the "Foundation"). The Foundation and Mr. Rogers have entered into an Outside Compensation Agreement dated as of November 15, 2023 (the "Agreement"), which requires that all compensation received by Mr. Rogers from Atlas in connection with Mr. Rogers' service as a director of Atlas be transferred to the Foundation. Under the Agreement, equity awards granted to Mr. Rogers subject to vesting conditions are required to be transferred, for no consideration, to the Foundation upon vesting and are held by Mr. Rogers for the benefit of the Foundation until the transfer to the Foundation is complete.
2. F2. (Continued from footnote 1) The award of 22,200 RSUs granted to Mr. Rogers on March 4, 2026 vests in full on the first anniversary of the grant date, subject to continued service by Mr. Rogers through the vesting date.

Key Figures

Direct common shares held: 14,844,390 shares RSU award size: 22,200 RSUs RSU vesting schedule: Vests in full on first anniversary

3 metrics

Direct common shares held 14,844,390 shares Common Stock held directly by Sealy & Smith Foundation after reported update

RSU award size 22,200 RSUs Restricted stock units granted to Douglas G. Rogers on March 4, 2026

RSU vesting schedule Vests in full on first anniversary Award granted March 4, 2026, vesting after one year of continued service

Key Terms

restricted stock units ("RSUs"), 2023 Long Term Incentive Plan, Outside Compensation Agreement, charitable foundation

4 terms

restricted stock units ("RSUs") financial

"Consists of shares of Common Stock underlying restricted stock units ("RSUs") awarded to Douglas G. Rogers"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

2023 Long Term Incentive Plan financial

"RSUs awarded to Douglas G. Rogers pursuant to the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan"

Outside Compensation Agreement financial

"The Foundation and Mr. Rogers have entered into an Outside Compensation Agreement dated as of November 15, 2023"

charitable foundation financial

"serves as Executive Director of the reporting person, The Sealy & Smith Foundation, a charitable foundation"

A charitable foundation is a non-profit organization established to collect and manage funds to support charitable activities, such as education, health, or community projects. It acts like a financial reservoir dedicated to giving back to society, often funded by individuals, families, or corporations. For investors, supporting or donating to such foundations can enhance social impact and may offer tax benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the Sealy & Smith Foundation report in this Atlas Energy (AESI) Form 4?

The Sealy & Smith Foundation reported holding 14,844,390 shares of Atlas Energy Solutions Common Stock directly. It also disclosed an indirect interest linked to 22,200 RSUs awarded to director Douglas G. Rogers that are contractually required to be transferred to the Foundation upon vesting.

How many Atlas Energy (AESI) RSUs are tied to the Sealy & Smith Foundation?

The filing shows 22,200 restricted stock units (RSUs) granted to director Douglas G. Rogers on March 4, 2026. Under an Outside Compensation Agreement, these equity awards must be transferred, for no consideration, to the Sealy & Smith Foundation once they vest in full.

When do the 22,200 Atlas Energy (AESI) RSUs reported vest?

The 22,200 RSUs granted to Douglas G. Rogers on March 4, 2026 vest in full on the first anniversary of the grant date. Vesting is conditioned on Mr. Rogers’ continued service through that date, after which the awards are to be transferred to the Foundation.

Who ultimately benefits from the Atlas Energy (AESI) director’s RSU awards?

Under an Outside Compensation Agreement, all compensation Douglas G. Rogers receives as an Atlas director, including RSUs, must be transferred to the Sealy & Smith Foundation. Until transfer, the equity awards are held by Mr. Rogers for the Foundation’s economic benefit, not as personal compensation.

Does this Atlas Energy (AESI) Form 4 show open-market buying or selling?

The summarized data show no open-market purchases or sales of Atlas Energy stock. Instead, the report reflects a large existing direct holding and an “other” transaction involving 22,200 RSUs tied to director compensation that will be transferred to the Sealy & Smith Foundation after vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/21/2026 - 04:13 PM Learn about SEC filing dates

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^*

Sealy & Smith Foundation

(Last) (First) (Middle)

2200 MARKET STREET, SUITE 500

(Street)

GALVESTON TEXAS 77550

(City) (State) (Zip)

UNITED STATES

(Country)

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)		Other (specify below)

2a. Foreign Trading Symbol

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

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

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

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

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		J(1)(2)		22,200	A	(1)(2)	22,200	I	See footnote(1)(2)
Common Stock								14,844,390	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. Consists of shares of Common Stock underlying restricted stock units ("RSUs") awarded to Douglas G. Rogers pursuant to the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan. Mr. Rogers is a director of the issuer, Atlas Energy Solutions Inc. ("Atlas"), and serves as Executive Director of the reporting person, The Sealy & Smith Foundation, a charitable foundation (the "Foundation"). The Foundation and Mr. Rogers have entered into an Outside Compensation Agreement dated as of November 15, 2023 (the "Agreement"), which requires that all compensation received by Mr. Rogers from Atlas in connection with Mr. Rogers' service as a director of Atlas be transferred to the Foundation. Under the Agreement, equity awards granted to Mr. Rogers subject to vesting conditions are required to be transferred, for no consideration, to the Foundation upon vesting and are held by Mr. Rogers for the benefit of the Foundation until the transfer to the Foundation is complete.

2. (Continued from footnote 1) The award of 22,200 RSUs granted to Mr. Rogers on March 4, 2026 vests in full on the first anniversary of the grant date, subject to continued service by Mr. Rogers through the vesting date.

	/s/ Douglas G. Rogers, Executive Director and Secretary/Treasurer of The Sealy & Smith Foundation	04/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)