Atlas Lithium CEO disposes shares to issuer

Atlas Lithium Corp Chief Executive Officer Marc Fogassa reported a disposition to the issuer of 55,560 shares of Common Stock at $4.5786 per share.

Accepted by SEC EDGAR 03/20/2026 - 09:00 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Atlas Lithium Corp Chief Executive Officer Marc Fogassa reported a disposition to the issuer of 55,560 shares of Common Stock at $4.5786 per share. The transaction on March 18, 2026 was coded as a disposition to the issuer and was executed pursuant to a previously established Rule 10b5-1 trading plan through Goldman Sachs & Co. LLC.

After this transaction, Fogassa directly holds 5,407,550 Atlas Lithium shares. He also indirectly holds 105,608 additional shares through entities controlled by him, giving him a substantial remaining ownership position despite this planned return of shares to the company.

Insider Trade Summary

Disposition: 55,560 shares

Disposition 1 txn

Insider Fogassa Marc

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Disposition	Common Stock	55,560	$4.5786	$254K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,407,550 shares (Direct); Common Stock — 105,608 shares (Indirect, See footnote)

Footnotes (2)

1. F1. Disposition effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan.
2. F2. Common stock held indirectly by entities controlled by the reporting person.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Atlas Lithium (ATLX) CEO Marc Fogassa report in this Form 4 filing?

Marc Fogassa reported a disposition of 55,560 Atlas Lithium shares back to the issuer. The shares were returned at $4.5786 each, with the transaction executed under a previously established Rule 10b5-1 trading plan via Goldman Sachs & Co. LLC.

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

After the transaction, Marc Fogassa directly holds 5,407,550 Atlas Lithium shares. He also indirectly holds 105,608 additional shares through entities he controls, so the reported disposition represents only a small portion of his overall ownership stake.

What type of transaction did Atlas Lithium (ATLX) CEO Marc Fogassa report?

The filing shows a disposition to the issuer, coded "D" on the Form 4. This means shares were returned to Atlas Lithium rather than sold in the open market, and the event was executed under a pre-arranged Rule 10b5-1 trading plan.

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

Yes. A footnote explains the disposition was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 plan. Such plans pre-schedule trades, making the timing more mechanical and less indicative of management’s near-term market view.

Does Marc Fogassa have indirect ownership of Atlas Lithium (ATLX) shares?

Yes. The Form 4 notes 105,608 shares of Atlas Lithium are held indirectly. A footnote clarifies these shares are owned by entities controlled by Marc Fogassa, adding to his direct holdings of 5,407,550 shares after the reported disposition.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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)
03/18/2026

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	03/18/2026		D		55,560	D(1)	$4.5786	5,407,550	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	03/20/2026
	** 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)