Atlas Lithium (ATLX) CEO returns 27,272 shares to issuer under 10b5-1 plan

Rhea-AI Filing Summary

Atlas Lithium Corp Chief Executive Officer Marc Fogassa reported a disposition of 27,272 shares of Common Stock back to the company on March 9, 2026. The transaction, coded as a disposition to issuer at $4.8097 per share, was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 trading plan. Following this transaction, Fogassa directly held 4,843,832 Common Stock shares and indirectly held 105,608 Common Stock shares through entities he controls.

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

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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 FL 33432

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/09/2026		D		27,272	D(1)	$4.8097	4,843,832	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	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Atlas Lithium (ATLX) report for Marc Fogassa?

Atlas Lithium reported that CEO Marc Fogassa disposed of 27,272 Common Stock shares back to the company. The disposition occurred on March 9, 2026, at $4.8097 per share and was classified as a disposition to issuer rather than an open-market sale.

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

Yes. The disposition of 27,272 Atlas Lithium shares was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 trading plan. Such plans pre-schedule trades, indicating the timing was set in advance rather than decided opportunistically by the insider.

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

After the reported disposition, Marc Fogassa directly held 4,843,832 Atlas Lithium Common Stock shares. He also indirectly held 105,608 additional Common Stock shares through entities he controls, according to the filing’s ownership table and related footnotes.

What was the price for the Atlas Lithium (ATLX) insider disposition to the issuer?

The disposition of 27,272 Atlas Lithium Common Stock shares to the issuer was reported at a price of $4.8097 per share. This price is disclosed in the transaction details for the March 9, 2026 disposition coded as a transaction to the issuer.

Is the Atlas Lithium (ATLX) insider transaction an open-market sale?

No. The filing classifies the transaction as a disposition to the issuer, not an open-market sale. The shares were returned to Atlas Lithium, with Goldman Sachs & Co. LLC executing the disposition under a previously established Rule 10b5-1 trading plan.

How is Marc Fogassa’s indirect ownership in Atlas Lithium (ATLX) structured?

The filing states that Marc Fogassa’s indirect Atlas Lithium holdings are common stock held by entities he controls. After the transaction, those indirect holdings totaled 105,608 Common Stock shares, separate from his much larger direct ownership position.