Atlas Lithium (ATLX) CEO returns 55,555 shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

Atlas Lithium Corp Chief Executive Officer Marc Fogassa reported a disposition of 55,555 shares of common stock back to the company at $4.3193 per share. The transaction was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 plan. After the disposition, Fogassa holds 5,324,723 shares directly and 105,608 shares indirectly through entities he controls, indicating he remains a significant shareholder while this event reflects a relatively small, pre-planned adjustment to his overall 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	$4.3193	$240K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,324,723 shares (Direct); 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 to issuer: 55,555 shares Disposition price per share: $4.3193 per share Direct holdings after transaction: 5,324,723 shares +1 more

4 metrics

Shares disposed to issuer 55,555 shares Disposition of common stock coded D on March 31, 2026

Disposition price per share $4.3193 per share Price for 55,555 common shares returned to issuer

Direct holdings after transaction 5,324,723 shares Common stock directly owned by Marc Fogassa following disposition

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

Key Terms

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

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 by the reporting person financial

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

indirect ownership financial

""ownership_type": "indirect""

Form 4 Insider Transactions: What Each Field Means →

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)
03/31/2026

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	03/31/2026		D		55,555	D(1)	$4.3193	5,324,723	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	04/02/2026
	** 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 that CEO Marc Fogassa disposed of 55,555 common shares back to the company at $4.3193 per share. 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 does Marc Fogassa hold after this Form 4?

After the reported transaction, Marc Fogassa directly holds 5,324,723 shares of Atlas Lithium common stock. He also indirectly holds 105,608 additional shares through entities he controls, according to the filing’s indirect ownership disclosure and related footnote.

Was Marc Fogassa’s Atlas Lithium (ATLX) share disposition pre-planned?

Yes. The filing notes the disposition was effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan. Such plans pre-arrange trades, making their timing more routine and less reflective of short-term views on the stock.

What type of transaction code appears on Marc Fogassa’s Atlas Lithium Form 4?

The Form 4 uses transaction code D, described as a disposition to the issuer, for 55,555 common shares. This indicates shares were returned to Atlas Lithium itself rather than sold in an open-market transaction to other investors.

How is indirect ownership reported for Marc Fogassa in the Atlas Lithium Form 4?

The Form 4 shows an indirect holding entry of 105,608 common shares, marked as indirect ownership with a footnote. The footnote specifies these shares are held by entities controlled by the reporting person, distinguishing them from his directly held shares.