Atlas Lithium (ATLX) CEO Marc Fogassa acquires 619,278 shares via compensation

Rhea-AI Filing Summary

Atlas Lithium Corp director and CEO Marc Fogassa exercised derivative securities to acquire 619,278 shares of Common Stock on March 4, 2025. The shares were acquired at a stated price of $0.00 per share, described as common stock earned in satisfaction of contractual compensation.

Following this transaction, Fogassa directly owned 5,407,550 shares of Atlas Lithium common stock. He also reported indirect ownership of 105,608 shares held through entities he controls, indicating a substantial combined equity position and that this filing reflects compensation-related equity rather than an open-market purchase or sale.

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)
03/04/2025

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	03/04/2025		X		619,278(1)	A	$0.00	5,407,550	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Common stock earned in satisfaction of contractual compensation.

2. Common stock held indirectly through entities controlled by the Reporting Person.

	/s/ Marc Fogassa	03/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Atlas Lithium (ATLX) CEO Marc Fogassa report?

Marc Fogassa reported exercising derivative securities to acquire 619,278 shares of Atlas Lithium common stock. The transaction occurred on March 4, 2025, and was recorded at a stated price of $0.00 per share as common stock earned under contractual compensation.

Was the Atlas Lithium (ATLX) insider Form 4 a market buy or sell?

The Form 4 does not show a market buy or sell; it shows an exercise of in-the-money derivative securities. Fogassa acquired 619,278 shares of common stock at a stated price of $0.00 per share as compensation, rather than through open-market trading activity.

How many Atlas Lithium (ATLX) shares does Marc Fogassa hold after this filing?

After the reported transaction, Marc Fogassa directly owned 5,407,550 Atlas Lithium common shares. He also reported indirect ownership of 105,608 additional shares through entities he controls, indicating a sizeable combined position following this compensation-related equity exercise.

What is the significance of the $0.00 per share price in the Atlas Lithium (ATLX) Form 4?

The $0.00 per share price reflects that the 619,278 shares were earned as common stock in satisfaction of contractual compensation. This indicates a non-cash equity award or derivative exercise, not an open-market purchase where the insider paid cash to acquire the shares.

How are indirect Atlas Lithium (ATLX) holdings reported for Marc Fogassa?

The filing shows an indirect holding line with 105,608 shares of common stock. A footnote explains these shares are held through entities controlled by Marc Fogassa, meaning they are reported as indirect beneficial ownership associated with his controlled entities.