Atlas Lithium CEO returns 55,555 shares to issuer

Atlas Lithium Corp director, officer, and 10% owner Marc Fogassa reported a disposition of 55,555 shares of common stock back to the issuer at $3.8703 per share, classified as a disposition to the company.

Rhea-AI Filing Summary

Atlas Lithium Corp director, officer, and 10% owner Marc Fogassa reported a disposition of 55,555 shares of common stock back to the issuer at $3.8703 per share, classified as a disposition to the company. The transaction was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 plan, indicating it was pre-planned rather than opportunistic.

Following this transaction, Fogassa holds 5,046,948 shares of Atlas Lithium common stock directly. He also has 105,608 shares held indirectly through entities he controls, showing that the disposed shares represent a relatively small portion of his overall reported ownership.

Insider Trade Summary

Disposition: 55,555 shares

Disposition 2 txns

Insider Fogassa Marc

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Disposition	Common Stock	55,555	$3.8703	$215K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,046,948 shares (Direct); Common Stock — 105,608 shares (Indirect, See footnote)

Footnotes (2)

1. F1. Disposition effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan.
2. F2. Common stock held indirectly by entities controlled by the reporting person.

Key Figures

Shares disposed to issuer: 55,555 shares Disposition price: $3.8703 per share Direct holdings after transaction: 5,046,948 shares +1 more

4 metrics

Shares disposed to issuer 55,555 shares Disposition to issuer on 2026-06-16

Disposition price $3.8703 per share Price for 55,555-share disposition

Direct holdings after transaction 5,046,948 shares Common stock held directly after 2026-06-16

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, Common Stock

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_code_description": "Disposition to issuer""

indirect ownership financial

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

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Atlas Lithium (ATLX) disclose for Marc Fogassa?

Atlas Lithium (ATLX) disclosed that CEO and director Marc Fogassa disposed of 55,555 shares of common stock back to the company. The transaction was coded as a disposition to the issuer and executed under a previously established Rule 10b5-1 trading plan.

How many Atlas Lithium (ATLX) shares did Marc Fogassa dispose of and at what price?

Marc Fogassa disposed of 55,555 Atlas Lithium (ATLX) common shares at $3.8703 per share. The transaction is recorded as a disposition to the issuer, meaning the shares were returned to the company rather than sold in the open market.

How many Atlas Lithium (ATLX) shares does Marc Fogassa hold after the reported transaction?

After the reported transaction, Marc Fogassa directly holds 5,046,948 Atlas Lithium (ATLX) common shares. In addition, he has 105,608 shares held indirectly through entities he controls, according to the Form 4 ownership tables and accompanying footnotes.

Was the Atlas Lithium (ATLX) insider transaction made under a Rule 10b5-1 plan?

Yes. The Form 4 footnotes state the disposition was effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan. Such plans pre-schedule trades, reducing the significance of the exact timing for interpreting insider sentiment.

Is Marc Fogassa’s Atlas Lithium (ATLX) transaction an open-market sale?

No. The transaction is coded as a disposition to the issuer, meaning shares were returned to Atlas Lithium rather than sold on the open market. This differs from a typical open-market sale where shares are sold directly to other market participants.

What indirect Atlas Lithium (ATLX) holdings does Marc Fogassa report?

Marc Fogassa reports 105,608 Atlas Lithium (ATLX) common shares held indirectly. Footnotes explain these shares are held by entities controlled by him, distinguishing them from his 5,046,948 directly held shares disclosed in the same Form 4 filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/18/2026 - 09:00 PM Learn about SEC filing dates

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)
06/16/2026

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	06/16/2026		D		55,555	D(1)	$3.8703	5,046,948	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. 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	06/18/2026
	** 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)