Was the Atlas Lithium (ATLX) CEO’s share disposition under a Rule 10b5-1 plan?

Yes. A footnote states the disposition was effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 trading plan . Such plans pre-schedule trades, meaning the timing of this transaction was set in advance rather than decided opportunistically.

Atlas Lithium (NASDAQ: ATLX) CEO reports 55,555-share issuer disposition under 10b5-1 plan

Q: What did Atlas Lithium (ATLX) CEO Marc Fogassa report in this Form 4?

Marc Fogassa reported a disposition of 55,555 shares of Atlas Lithium common stock to the issuer at $5.513 per share . The transaction was coded "D" for issuer disposition and executed under a previously established Rule 10b5-1 plan via Goldman Sachs & Co. LLC.

Q: How many Atlas Lithium (ATLX) shares were involved in the reported disposition?

The filing shows a disposition of 55,555 shares of Atlas Lithium common stock at a reported price of $5.513 per share . This transaction is classified as non-derivative common stock with the code "D", indicating a disposition to the issuer rather than an open-market sale.

Q: What are Marc Fogassa’s Atlas Lithium (ATLX) holdings after this Form 4 transaction?

After the reported disposition, Marc Fogassa held 5,213,168 shares of Atlas Lithium common stock directly. The filing also shows 105,608 additional shares held indirectly by entities controlled by him, reflecting both direct and indirect ownership positions following the transaction.

Q: How is indirect ownership described in the Atlas Lithium (ATLX) Form 4?

The Form 4 records 105,608 shares of common stock as indirectly held, with ownership marked "I" and a footnote explaining they are held by entities controlled by the reporting person . This means the CEO’s exposure includes both personally held and entity-held shares.

Q: What does transaction code "D" mean in the Atlas Lithium (ATLX) Form 4?

In this Form 4, the common stock transaction shows a code "D" , which the filing describes as a "Disposition to issuer" . That indicates the 55,555 shares were transferred back to Atlas Lithium, rather than being sold directly into the open market to other investors.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Atlas Lithium Corp director and CEO Marc Fogassa reported a disposition of common stock to the issuer. On May 6, 2026, a transaction coded "D" shows 55,555 shares of Common Stock disposed of at $5.513 per share, described as an issuer disposition.

According to a footnote, this disposition was effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan. After the transaction, Fogassa held 5,213,168 shares of Common Stock directly and 105,608 shares indirectly through entities controlled by him.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Fogassa Marc

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Disposition	Common Stock	55,555	$5.513	$306K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,213,168 shares (Direct, null); 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.

Key Figures

Shares disposed to issuer: 55,555 shares Disposition price per share: $5.513 per share Direct holdings after transaction: 5,213,168 shares +1 more

4 metrics

Shares disposed to issuer 55,555 shares Common Stock, code D, May 6, 2026

Disposition price per share $5.513 per share Issuer disposition of 55,555 common shares

Direct holdings after transaction 5,213,168 shares Common Stock held directly by reporting person after disposition

Indirect holdings after transaction 105,608 shares Common Stock held indirectly via controlled entities

Key Terms

Rule 10b5-1 plan, Disposition to issuer, indirect ownership, non-derivative

4 terms

Rule 10b5-1 plan financial

"Disposition effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan."

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

Disposition to issuer financial

"transaction_action: issuer disposition, transaction_code_description: Disposition to issuer"

indirect ownership financial

"Common stock held indirectly by entities controlled by the reporting person."

non-derivative financial

"transaction_type: non-derivative for the common stock disposition"

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 09:00 PM

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^*

Fogassa Marc

(Last)

(First)

(Middle)

1200 N. FEDERAL HWY, SUITE 200

(Street)

BOCA RATON

FLORIDA

33432

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Atlas Lithium Corp [ ATLX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		D		55,555	D⁽¹⁾	$5.513	5,213,168	D
Common Stock								105,608	I	See footnote⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Disposition effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan.

2. Common stock held indirectly by entities controlled by the reporting person.

	/s/ Marc Fogassa	05/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Atlas Lithium (ATLX) CEO Marc Fogassa report in this Form 4?

Marc Fogassa reported a disposition of 55,555 shares of Atlas Lithium common stock to the issuer at $5.513 per share. The transaction was coded "D" for issuer disposition and executed under a previously established Rule 10b5-1 plan via Goldman Sachs & Co. LLC.

How many Atlas Lithium (ATLX) shares were involved in the reported disposition?

The filing shows a disposition of 55,555 shares of Atlas Lithium common stock at a reported price of $5.513 per share. This transaction is classified as non-derivative common stock with the code "D", indicating a disposition to the issuer rather than an open-market sale.

What are Marc Fogassa’s Atlas Lithium (ATLX) holdings after this Form 4 transaction?

After the reported disposition, Marc Fogassa held 5,213,168 shares of Atlas Lithium common stock directly. The filing also shows 105,608 additional shares held indirectly by entities controlled by him, reflecting both direct and indirect ownership positions following the transaction.

How is indirect ownership described in the Atlas Lithium (ATLX) Form 4?

The Form 4 records 105,608 shares of common stock as indirectly held, with ownership marked "I" and a footnote explaining they are held by entities controlled by the reporting person. This means the CEO’s exposure includes both personally held and entity-held shares.

What does transaction code "D" mean in the Atlas Lithium (ATLX) Form 4?

In this Form 4, the common stock transaction shows a code "D", which the filing describes as a "Disposition to issuer". That indicates the 55,555 shares were transferred back to Atlas Lithium, rather than being sold directly into the open market to other investors.