[Form 4] Atlas Lithium Corp Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlas Lithium Corp's chief executive officer, director, and 10% owner Marc Fogassa reported a planned sale of common stock. On February 5, 2026, 27,272 shares of Atlas Lithium common stock were disposed of at an average price of $4.5197 per share under a previously established Rule 10b5-1 trading plan executed by Goldman Sachs & Co. LLC.
Following this transaction, Fogassa beneficially owns 4,898,376 shares of Atlas Lithium common stock directly, plus an additional 105,608 shares held indirectly through entities he controls. The filing confirms he remains both a senior executive and a significant shareholder in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Fogassa Marc
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 27,272 | $4.5197 | $123K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,898,376 shares (Direct);
Common Stock — 105,608 shares (Indirect, See footnote)
Footnotes (1)
- Disposition effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan. Common stock held indirectly by entities controlled by the reporting person.
FAQ
What insider transaction did Marc Fogassa report for Atlas Lithium Corp (ATLX)?
Marc Fogassa reported disposing of 27,272 Atlas Lithium common shares. The sale occurred on February 5, 2026, at an average price of $4.5197 per share. It was executed under a previously established Rule 10b5-1 trading plan through Goldman Sachs & Co. LLC.
Was the Atlas Lithium (ATLX) insider sale by Marc Fogassa prearranged under Rule 10b5-1?
Yes. The filing states the disposition was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 trading plan. Rule 10b5-1 plans allow insiders to schedule trades in advance, adding structure to how and when sales occur.
What is Marc Fogassa’s role and relationship to Atlas Lithium Corp (ATLX)?
Marc Fogassa is identified as a director, chief executive officer, and a 10% owner of Atlas Lithium Corp. This means he holds both senior management and board responsibilities while also maintaining a significant equity stake in the company’s common stock.
How are Marc Fogassa’s indirect Atlas Lithium (ATLX) holdings structured?
The Form 4 notes that 105,608 Atlas Lithium common shares are held indirectly. These shares are owned by entities controlled by Marc Fogassa, meaning his beneficial ownership arises through those entities rather than direct personal registration of the shares.