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

Rhea-AI Filing Summary

Atlas Lithium Corp Chief Executive Officer Marc Fogassa reported an insider transaction involving the company’s common stock. On May 20, 2026, 55,555 shares were disposed of to the issuer at $4.3319 per share, coded as a disposition to the issuer.

The filing notes this disposition was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 plan, indicating the trade was pre-planned rather than discretionary. Following the transaction, Fogassa directly holds 5,157,613 common shares and indirectly holds 105,608 shares through entities he controls.

Insights

Corporate governance analyst

CEO’s issuer disposition is pre-planned and small relative to holdings.

The filing shows Marc Fogassa, CEO of Atlas Lithium Corp, disposed of 55,555 common shares to the issuer at $4.3319 per share. The transaction is coded as a disposition to the issuer, which differs from an open-market sale to other investors.

A footnote states the disposition was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 plan, suggesting a scheduled, rules-based program rather than opportunistic timing. After the transaction, Fogassa still directly owns 5,157,613 shares and indirectly controls 105,608 shares, so the disposed amount represents a small portion of his visible stake.

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	$4.3319	$241K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,157,613 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 to issuer: 55,555 shares Disposition price: $4.3319 per share Direct holdings after transaction: 5,157,613 shares +2 more

5 metrics

Shares disposed to issuer 55,555 shares Disposition of common stock on May 20, 2026

Disposition price $4.3319 per share Price for 55,555 common shares disposed to issuer

Direct holdings after transaction 5,157,613 shares Common stock directly owned by CEO after disposition

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

Transaction date May 20, 2026 Date of reported disposition and holding entry

Key Terms

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

4 terms

Rule 10b5-1 plan regulatory

"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 regulatory

"transaction_code_description: Disposition to issuer"

indirectly financial

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

entities controlled by the reporting person financial

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

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)
05/20/2026

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	05/20/2026		D		55,555	D(1)	$4.3319	5,157,613	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	05/22/2026
	** 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 CEO Marc Fogassa?

Atlas Lithium reported that CEO Marc Fogassa disposed of 55,555 common shares to the issuer at $4.3319 per share on May 20, 2026. The transaction is coded as a disposition to the issuer rather than an open-market sale.

How many Atlas Lithium (ATLX) shares does CEO Marc Fogassa hold after this Form 4?

After the reported transaction, Marc Fogassa directly holds 5,157,613 Atlas Lithium common shares and indirectly holds 105,608 shares through entities he controls. These figures show his remaining economic interest following the 55,555-share disposition.

Was the Atlas Lithium (ATLX) CEO’s share disposition under a Rule 10b5-1 plan?

Yes. A footnote explains 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 transaction timing as a signal of insider sentiment.

What price was received in the Atlas Lithium (ATLX) CEO’s 55,555-share disposition?

The 55,555 common shares were disposed of at an average price of $4.3319 per share. The transaction is reported as a disposition to the issuer, providing a clear per-share value for this specific insider event.

Is the Atlas Lithium (ATLX) CEO’s Form 4 transaction a market sale of shares?

The transaction is coded as a disposition to the issuer, not an open-market sale to public investors. A broker executed it under a Rule 10b5-1 plan, indicating shares were returned to the company rather than sold into the broader market.

How significant is the 55,555-share disposition relative to the Atlas Lithium (ATLX) CEO’s holdings?

Marc Fogassa disposed of 55,555 shares while retaining 5,157,613 shares directly and 105,608 shares indirectly. Based on these figures, the transaction represents a relatively small portion of his reported ownership stake.