Atlas Lithium (ATLX) CEO logs issuer stock dispositions under 10b5-1 plan
Rhea-AI Filing Summary
Atlas Lithium Corp Chief Executive Officer Marc Fogassa reported two dispositions to the issuer of common stock: 2,243 shares at $3.018 on July 23, 2026 and 26,420 shares at $3.0131 on July 22, 2026. A footnote states these dispositions were effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan. Separately, Fogassa reports indirect ownership of 105,608 common shares held through entities he controls.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 28,663 shares
Net Sell
3 txns
Insider
Fogassa Marc
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 2,243 | $3.018 | $7K |
| Disposition | Common Stock F1 | 26,420 | $3.0131 | $80K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,962,730 shares (Direct);
Common Stock — 105,608 shares (Indirect, See footnote)
Footnotes (2)
- F1. Disposition effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan.
- F2. Common stock held indirectly by entities controlled by the reporting person.
Key Figures
Shares disposed on 2026-07-23: 2,243 shares
Shares disposed on 2026-07-22: 26,420 shares
Indirect holdings reported: 105,608 shares
3 metrics
Shares disposed on 2026-07-23
2,243 shares
Common Stock disposition to issuer at $3.018 per share by Marc Fogassa
Shares disposed on 2026-07-22
26,420 shares
Common Stock disposition to issuer at $3.0131 per share by Marc Fogassa
Indirect holdings reported
105,608 shares
Common Stock held indirectly by entities controlled by the reporting person
Key Terms
Disposition to issuer, Rule 10b5-1 plan, indirect ownership
3 terms
Disposition to issuer financial
"reported two dispositions to the issuer of common stock"
Rule 10b5-1 plan regulatory
"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.
indirect ownership financial
"reports indirect ownership of 105,608 common shares held through entities he controls"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Atlas Lithium (ATLX) CEO Marc Fogassa report?
Marc Fogassa reported two dispositions to the issuer of Atlas Lithium common stock: 2,243 shares on July 23, 2026 and 26,420 shares on July 22, 2026. Both transactions involved direct holdings of common stock.
What type of Form 4 code was used for the Atlas Lithium (ATLX) CEO’s transactions?
Both transactions use code D, described as a “Disposition to issuer” of common stock. This indicates shares were transferred to Atlas Lithium Corp itself, rather than reported as open-market purchases or sales.