Atlas Lithium (ATLX) CEO logs 55,555-share 10b5-1 disposition, holds 5.1M+

Rhea-AI Filing Summary

Atlas Lithium Corp Chief Executive Officer Marc Fogassa reported a routine share disposition. On June 30, 2026, 55,555 shares of common stock were disposed of to the issuer at $3.6418 per share, effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 plan.

After this transaction, Fogassa holds 4,991,393 shares directly and 105,608 shares indirectly through entities he controls. The filing does not show any open-market purchases or sales, and there are no derivative positions reported in this document.

Insights

Equity compensation and insider-trading analyst

CEO executes small, pre-planned share disposition to issuer.

The filing shows Atlas Lithium CEO Marc Fogassa disposing of 55,555 common shares at $3.6418 per share in a transaction coded as a disposition to the issuer. A footnote states it was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 plan, indicating it was pre-planned rather than opportunistic.

Following the transaction, Fogassa still holds 4,991,393 shares directly and 105,608 indirectly, so the disposed amount is small relative to his total position. Because the sale was pre-arranged and leaves a large remaining stake, it appears as a routine liquidity or structuring move rather than a signal of changing sentiment. Subsequent filings may provide updates if his ownership meaningfully changes.

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	$3.6418	$202K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 4,991,393 shares (Direct, null); Common Stock — 105,608 shares (Indirect, See footnote)

Footnotes (1)

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: 55,555 shares Disposition price: $3.6418 per share Direct holdings after transaction: 4,991,393 shares +3 more

6 metrics

Shares disposed 55,555 shares Disposition to issuer on June 30, 2026

Disposition price $3.6418 per share Price for common stock disposition

Direct holdings after transaction 4,991,393 shares Common stock held directly by CEO after disposition

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

Dispose transactions count 1 transaction Single disposition event in this filing

Holding entries 1 entry One holding line showing indirect ownership

Key Terms

Rule 10b5-1 plan, Disposition to issuer, indirectly by entities controlled, non-derivative

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""

indirectly by entities controlled financial

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

non-derivative financial

""transaction_type": "non-derivative""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 09:00 PM Accepted by SEC EDGAR 07/02/2026 - 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)
06/30/2026

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	06/30/2026		D		55,555	D(1)	$3.6418	4,991,393	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	07/02/2026
	** 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) report for Marc Fogassa?

Atlas Lithium reported CEO Marc Fogassa disposed of 55,555 common shares to the company at $3.6418 per share. The transaction was coded as a disposition to the issuer and effected through Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 plan.

How many Atlas Lithium (ATLX) shares does Marc Fogassa own after this transaction?

After the transaction, Marc Fogassa holds 4,991,393 Atlas Lithium common shares directly and 105,608 shares indirectly through entities he controls. These holdings indicate he continues to maintain a substantial ownership stake in the company following the reported disposition.

Was the Atlas Lithium (ATLX) CEO’s share disposition pre-planned?

Yes. A footnote states the disposition was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 plan. Such trading plans are set up in advance, suggesting the timing of this 55,555-share disposition was pre-arranged rather than a discretionary market-timing decision.

What price per share was received in the Atlas Lithium (ATLX) CEO disposition?

The reported disposition price was $3.6418 per Atlas Lithium common share for the 55,555 shares returned to the issuer. This per-share amount is disclosed in the filing as the transaction price and forms the basis for calculating the total value involved in the transaction.

Does the Atlas Lithium (ATLX) Form 4 show any derivative exercises or gifts?

No. The transaction summary shows no derivative exercises, gifts, or tax-withholding events. It records one disposition transaction and one holding entry, with derivative transaction counts and exercise shares both at zero, indicating only common stock positions are reported in this filing.

Are any of Marc Fogassa’s Atlas Lithium (ATLX) holdings indirect?

Yes. The filing reports 105,608 Atlas Lithium common shares held indirectly by entities controlled by Marc Fogassa. A footnote explains that these shares are common stock held indirectly, clarifying that his total economic exposure includes both direct and entity-held positions.