Director’s RSUs vest at Atlas Energy (NYSE: AESI), shares go to foundation

Rhea-AI Filing Summary

Atlas Energy Solutions Inc. director Douglas G. Rogers reported the vesting and exercise of 12,536 Restricted Stock Units, which converted into the same number of shares of common stock at no cost under the company’s 2023 Long Term Incentive Plan. Under an Outside Compensation Agreement, all compensation from Atlas, including these vested shares, must be transferred for no consideration to The Sealy & Smith Foundation, where Rogers serves as Executive Director. A follow-on administrative transaction reflects this transfer obligation. After these events, Rogers reports direct ownership of 10,000 shares of common stock, and no open‑market purchases or sales occurred.

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^*

Rogers Douglas G

(Last) (First) (Middle)

5918 W. COURTYARD DRIVE

SUITE 500

(Street)

AUSTIN TEXAS 78730

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		M(1)(2)		12,536	A	$0	22,736(3)	D
Common Stock	03/18/2026		J(1)(2)		12,536	D	$0	10,000	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
Restricted Stock Units	(4)	03/13/2026		M			12,536	(5)	(5)	Common Stock	12,536	$0	22,200(6)	D

Explanation of Responses:

1. Consists of shares of common stock, par value $0.01 per share ("Common Stock"), of Atlas Energy Solutions Inc. ("Atlas") issued upon the vesting of 12,536 Restricted Stock Units ("RSUs") awarded to the Reporting Person on March 13, 2025 pursuant to the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan (the "Plan").

2. The Reporting Person serves as Executive Director of The Sealy & Smith Foundation, a charitable foundation (the "Foundation"). The Foundation and the Reporting Person have entered into an Outside Compensation Agreement dated as of November 15, 2023 (the "Agreement"), which requires that all compensation received by the Reporting Person from Atlas in connection with the Reporting Person's service as a director of Atlas be transferred to the Foundation. Under the Agreement, equity awards granted to the Reporting Person subject to vesting conditions are required to be transferred, for no consideration, to the Foundation upon vesting and are held by the Reporting Person for the benefit of the Foundation until the transfer to the Foundation is complete.

3. Includes 12,536 shares of Common Stock that are required to be transferred to the Foundation in accordance with the terms of the Agreement.

4. Each RSU represents the contingent right to receive one share of Common Stock.

5. On March 13, 2025, the Reporting Person was granted an award of 12,536 RSUs, vesting in full on the first anniversary of the grant date, subject to continued service through the vesting date, and unless accelerated vesting of a particular award is authorized by the Committee (as defined in the Plan) .

6. The Reporting Person disclaims beneficial ownership of the shares of Common Stock underlying the RSUs except to the extent of his pecuniary interest therein, if any. Pursuant to the Agreement, upon the vesting of such RSUs, the Reporting Person will be required to transfer the underlying shares of Common Stock to the Foundation for no consideration.

	/s/ Douglas G. Rogers, by Dathan C. Voelter, as Attorney-in-Fact	03/24/2026
	** 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)

FAQ

What insider activity did Atlas Energy Solutions (AESI) disclose in this Form 4?

Atlas Energy Solutions reported director Douglas G. Rogers had 12,536 RSUs vest and convert into common stock at no cost. These equity awards are compensation for board service under the company’s 2023 Long Term Incentive Plan.

Did the Atlas Energy Solutions (AESI) director buy or sell shares on the market?

No open-market trades occurred. The filing shows RSUs vesting into 12,536 shares of common stock and an administrative follow-on transfer obligation, without any reported market purchases or sales of Atlas Energy Solutions shares.

How many Atlas Energy Solutions (AESI) shares relate to the RSU vesting?

The director’s RSU award of 12,536 units vested, and each RSU represented the right to receive one share of common stock. As a result, 12,536 shares of Atlas Energy Solutions common stock were issued upon vesting.

What is the role of The Sealy & Smith Foundation in this AESI Form 4?

The Sealy & Smith Foundation is a charitable foundation where Douglas G. Rogers serves as Executive Director. An Outside Compensation Agreement requires all Atlas director compensation, including vested equity awards, to be transferred to the foundation for no consideration.

How many Atlas Energy Solutions (AESI) shares does the director report owning after these transactions?

Following the RSU vesting and the related transfer obligation to The Sealy & Smith Foundation, Douglas G. Rogers reports direct ownership of 10,000 shares of Atlas Energy Solutions common stock, according to the Form 4 data.

What does transaction code M mean in this Atlas Energy Solutions (AESI) Form 4?

Transaction code M indicates the exercise or conversion of a derivative security. In this case, it reflects 12,536 Restricted Stock Units converting into the same number of Atlas Energy Solutions common shares upon vesting under the long-term incentive plan.