Atlas Lithium Corp (ATLX) CEO disposes 55,555 shares under 10b5-1

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Atlas Lithium Corp Chief Executive Officer and 10% owner Marc Fogassa reported an issuer disposition of common stock. He disposed of 55,555 shares of common stock back to the company at $4.2803 per share, described as a disposition to the issuer and effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan. Following this transaction, Fogassa directly holds 5,102,503 common shares and indirectly holds 105,608 common shares through entities he controls, indicating he retains a substantial equity position.

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	$4.2803	$238K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,102,503 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: $4.2803 per share Direct holdings after transaction: 5,102,503 shares +1 more

4 metrics

Shares disposed to issuer 55,555 shares Issuer disposition of common stock

Disposition price $4.2803 per share Price for issuer disposition of 55,555 shares

Direct holdings after transaction 5,102,503 shares Common stock directly held by Marc Fogassa following transaction

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

Key Terms

Rule 10b5-1 plan, Disposition to issuer, indirectly by entities controlled by the reporting person

3 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""

indirectly by entities controlled by the reporting person financial

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

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Form 4 Insider Transactions: What Each Field Means →

06/05/2026 - 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)
06/03/2026

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	06/03/2026		D		55,555	D⁽¹⁾	$4.2803	5,102,503	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	06/05/2026
	** 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 insider transaction did Atlas Lithium Corp (ATLX) report for Marc Fogassa?

Atlas Lithium’s CEO Marc Fogassa reported an issuer disposition of 55,555 common shares. The transaction returned shares to the company at $4.2803 per share and was executed under a previously established Rule 10b5-1 trading plan.

At what price were the Atlas Lithium (ATLX) shares disposed of in this Form 4?

The 55,555 Atlas Lithium common shares were disposed of at $4.2803 per share. This price reflects the value used for the issuer disposition transaction reported for CEO Marc Fogassa on the Form 4 filing.

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

After the transaction, Marc Fogassa directly holds 5,102,503 Atlas Lithium common shares and indirectly holds 105,608 shares. Indirect holdings are through entities he controls, as described in the Form 4 footnotes.

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

Yes. The disposition of 55,555 Atlas Lithium common shares was effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan, indicating it followed a pre-arranged trading framework.

What does the disposition to issuer mean in the Atlas Lithium (ATLX) Form 4?

Disposition to issuer means the 55,555 shares were transferred back to Atlas Lithium rather than sold on the open market. This type of transaction often reflects a company-related arrangement rather than a standard market trade.