Director at Atlas Lithium (ATLX) sells 12,725 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlas Lithium Corp director Roger Noriega sold common shares in two open-market transactions. He sold 5,000 shares at $5.54 and 7,725 shares at $5.50, for total reported sales of 12,725 shares. After these sales, he directly holds 242,476 Atlas Lithium common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,725 shares ($70,188)
Net Sell
2 txns
Insider
Noriega Roger
Role
null
Sold
12,725 shs ($70K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,725 | $5.50 | $42K |
| Sale | Common Stock | 5,000 | $5.54 | $28K |
Holdings After Transaction:
Common Stock — 247,476 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold (first trade): 5,000 shares at $5.54
Shares sold (second trade): 7,725 shares at $5.50
Total shares sold: 12,725 shares
+2 more
5 metrics
Shares sold (first trade)
5,000 shares at $5.54
Open-market sale on May 1, 2026
Shares sold (second trade)
7,725 shares at $5.50
Open-market sale on May 1, 2026
Total shares sold
12,725 shares
Net shares sold per transaction summary
Post-transaction holdings
242,476 shares
Common stock directly owned after reported sales
Net share change
-12,725 shares
Net-sell direction in Form 4 summary
Key Terms
open-market sale, non-derivative, Common Stock, transaction code "S", +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
non-derivative financial
"transaction_type: "non-derivative""
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.
transaction code "S" financial
"transaction_code: "S" described as sale in open market or private transaction"
net-sell financial
"netBuySellDirection: "net-sell" in transactionSummary"
FAQ
What insider activity did Atlas Lithium (ATLX) report for Roger Noriega?
Atlas Lithium reported that director Roger Noriega executed two open-market sales of common stock, totaling 12,725 shares. These dispositions occurred on May 1, 2026, and are reported as non-derivative transactions in the company’s Form 4 filing.
Were Roger Noriega’s Atlas Lithium (ATLX) transactions open-market sales?
Yes. Both transactions are coded as “S”, described as open-market or private sales of common stock. The filing labels these as non-derivative dispositions, meaning they involve direct share ownership rather than options, warrants, or other derivative securities.