Atlas Energy insider sells 230,000 shares

Atlas Energy Solutions Inc. reporting person Gregory M. Shepard reported open-market sales of a total of 230,000 shares of common stock.

Rhea-AI Filing Summary

Atlas Energy Solutions Inc. reporting person Gregory M. Shepard reported open-market sales of a total of 230,000 shares of common stock. He sold 100,000 shares on February 17, 2026 at a weighted average price of $11.7500 and 130,000 shares on February 18, 2026 at a weighted average price of $11.9800, in multiple transactions within stated price ranges. After these sales, he directly owned 7,421,210 shares of Atlas Energy Solutions common stock.

Insider Trade Summary

Net Seller: 230,000 shares

Net Sell 2 txns

Insider SHEPARD GREGORY M

Role Insider

Sold 230,000 shs ($2.73M)

Type	Security	Shares	Price	Value
Sale	Common Stock	130,000	$11.98	$1.56M
Sale	Common Stock	100,000	$11.75	$1.18M

Holdings After Transaction: Common Stock — 7,421,210 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.55 to $12.07, 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 Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.78 to $12.26, 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 Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

FAQ

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What insider transaction did Atlas Energy Solutions (AESI) report on this Form 4?

Atlas Energy Solutions reported that insider Gregory M. Shepard sold 230,000 shares of common stock in open-market transactions. The sales occurred over two days and were disclosed with weighted average prices and post-transaction direct ownership of 7,421,210 shares.

How many Atlas Energy Solutions (AESI) shares did Gregory M. Shepard sell?

Gregory M. Shepard sold a total of 230,000 Atlas Energy Solutions common shares. He sold 100,000 shares on February 17, 2026 and 130,000 shares on February 18, 2026, all reported as open-market or private sale transactions on this Form 4.

At what prices were the Atlas Energy Solutions (AESI) shares sold on this Form 4?

The filing reports weighted average sale prices of $11.7500 for 100,000 shares on February 17, 2026 and $11.9800 for 130,000 shares on February 18, 2026. Footnotes explain these prices reflect multiple trades within specified intraday price ranges.

How many Atlas Energy Solutions (AESI) shares does Gregory M. Shepard own after the reported sales?

After the reported transactions, Gregory M. Shepard directly owns 7,421,210 shares of Atlas Energy Solutions common stock. This figure reflects his remaining direct holdings following the combined sale of 230,000 shares over the two disclosed trading days.

Were the Atlas Energy Solutions (AESI) insider sales single trades or made in multiple transactions?

The reported insider sales were completed in multiple transactions. Footnotes state that the weighted average prices reflect numerous trades executed within price ranges, and that detailed trade-by-trade information is available upon request to the company, security holders, or the SEC staff.

What type of transaction is reported for Atlas Energy Solutions (AESI) on this Form 4?

The Form 4 describes the transactions as sales of common stock in open-market or private transactions. Both entries use transaction code “S,” indicating non-derivative sales, with the reporting person’s ownership characterized as direct following the completion of the trades.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/19/2026 - 10:04 AM EST 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^*

SHEPARD GREGORY M

(Last) (First) (Middle)

15405 ANCHORAGE PLACE

(Street)

LAKEWOOD RANCH FL 34202

(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		10% Owner
	Officer (give title below)	X	Other (specify below)
			See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		S		100,000	D	$11.75(1)	7,551,210	D
Common Stock	02/18/2026		S		130,000	D	$11.98(2)	7,421,210	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.55 to $12.07, 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 Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.78 to $12.26, 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 Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

Remarks:

The Reporting Person may be deemed to be a member of a "group" for the purposes of the Securities Exchange Act of 1934 by virtue of being a party to a Stockholder's Agreement dated October 2, 2023. The Reporting Person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the Reporting Person. This report shall not be deemed an admission that the Reporting Person is a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person.

	/s/ Gregory M. Shepard	02/19/2026
	** 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.