[Form 4] Atlas Lithium Corporation Insider Trading Activity
Marc Fogassa, identified as a director, chief executive officer and a 10% owner of Atlas Lithium Corp (ATLX), reported a sale of common stock on 08/06/2025. The Form 4 shows a disposition of 150,180 common shares at a reported price of $5.8828 per share. The filing states the disposition was effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan. After the reported transaction, the disclosure lists 4,749,897 shares beneficially owned directly and 105,608 shares held indirectly by entities controlled by the reporting person. The report shows no derivative transactions.
Marc Fogassa, indicato come direttore, amministratore delegato e titolare del 10% di Atlas Lithium Corp (ATLX), ha comunicato la vendita di azioni ordinarie il 08/06/2025. Il Form 4 riporta la cessione di 150,180 azioni ordinarie a un prezzo indicato di $5.8828 per azione. La dichiarazione specifica che la cessione è stata eseguita da Goldman Sachs & Co. LLC in base a un piano Rule 10b5-1 precedentemente instaurato. Dopo l'operazione riportata, la disclosure indica la detenzione beneficiaria diretta di 4,749,897 azioni e 105,608 azioni detenute indirettamente da entità controllate dalla persona che ha presentato la segnalazione. Non risultano operazioni su strumenti derivati.
Marc Fogassa, identificado como director, director ejecutivo y propietario del 10% de Atlas Lithium Corp (ATLX), informó la venta de acciones comunes el 08/06/2025. El Form 4 muestra una disposición de 150,180 acciones comunes a un precio declarado de $5.8828 por acción. La presentación indica que la disposición fue efectuada por Goldman Sachs & Co. LLC en virtud de un plan Rule 10b5-1 establecido con anterioridad. Tras la transacción informada, la divulgación señala la propiedad beneficiaria directa de 4,749,897 acciones y 105,608 acciones en poder indirecto de entidades controladas por la persona declaradora. No se registran operaciones con derivados.
Marc Fogassa는 Atlas Lithium Corp (ATLX)의 이사이자 최고경영자(CEO), 지분 10% 보유자로서 08/06/2025에 보통주 매각을 신고했습니다. Form 4 신고서에는 150,180주의 보통주 처분이 주당 $5.8828로 보고되어 있습니다. 제출서류에 따르면 해당 처분은 사전에 설정된 Rule 10b5-1 계획에 따라 Goldman Sachs & Co. LLC가 이행했습니다. 보고된 거래 이후, 공시에는 신고인이 직접적으로 실질 보유한 4,749,897주와 신고인이 지배하는 법인이 간접 보유한 105,608주가 기재되어 있습니다. 파생상품 거래는 없습니다.
Marc Fogassa, identifié en tant que administrateur, directeur général et détenteur de 10% d'Atlas Lithium Corp (ATLX), a déclaré une vente d'actions ordinaires le 08/06/2025. Le Form 4 indique une cession de 150,180 actions ordinaires à un prix déclaré de $5.8828 par action. Le dépôt précise que la cession a été effectuée par Goldman Sachs & Co. LLC en vertu d'un plan Rule 10b5-1 établi antérieurement. Après la transaction signalée, la déclaration fait état de la détention effectrice directe de 4,749,897 actions et de 105,608 actions détenues indirectement par des entités contrôlées par la personne déclarante. Aucune transaction sur produits dérivés n'est mentionnée.
Marc Fogassa, ausgewiesen als Direktor, Chief Executive Officer und 10%-Eigentümer von Atlas Lithium Corp (ATLX), meldete am 08/06/2025 den Verkauf von Stammaktien. Das Form 4 weist eine Veräußerung von 150,180 Stammaktien zu einem gemeldeten Preis von $5.8828 je Aktie aus. Die Einreichung besagt, dass die Veräußerung von Goldman Sachs & Co. LLC im Rahmen eines zuvor eingerichteten Rule 10b5-1-Plans durchgeführt wurde. Nach der gemeldeten Transaktion listet die Offenlegung 4,749,897 Aktien, die direkt wirtschaftlich gehalten werden, sowie 105,608 Aktien, die indirekt von von der meldepflichtigen Person kontrollierten Gesellschaften gehalten werden. Es werden keine Derivatgeschäfte ausgewiesen.
- Disposition was executed under a previously established Rule 10b5-1 plan, indicating a pre-authorized trading arrangement
- Reporting person retains substantial ownership: 4,749,897 shares direct and 105,608 shares indirect, demonstrating continued alignment with shareholders
- Broker execution disclosed: Goldman Sachs & Co. LLC is named as the executing broker
- Reported sale of 150,180 common shares on 08/06/2025 at $5.8828 per share, which may be viewed negatively by some investors
- No details provided on percentage of total outstanding shares sold, so relative scale of the sale versus company float is not disclosed in this filing
Insights
TL;DR: Insider sale executed under a 10b5-1 plan; Fogassa retains a large direct stake, so market impact appears neutral.
The Form 4 documents a sale of 150,180 common shares at $5.8828 per share executed by Goldman Sachs under a pre-established Rule 10b5-1 plan. The reporting person still directly holds 4,749,897 shares and indirectly holds 105,608 shares. There are no derivative securities reported. From a financial perspective, the sale is transparent and pre-planned, and the substantial remaining direct ownership suggests continued alignment with shareholder value, supporting a neutral short-term investor reaction.
TL;DR: Transaction follows a documented trading plan and was broker-executed, reducing signaling concerns; governance continuity remains intact.
The filing explicitly states the disposition was effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan, which indicates the trade was pre-authorized rather than opportunistic. The report also discloses substantial continuing ownership: 4,749,897 shares direct and 105,608 shares indirect. No derivative positions are reported, and no other governance changes or related-party transactions are disclosed in this Form 4.
Marc Fogassa, indicato come direttore, amministratore delegato e titolare del 10% di Atlas Lithium Corp (ATLX), ha comunicato la vendita di azioni ordinarie il 08/06/2025. Il Form 4 riporta la cessione di 150,180 azioni ordinarie a un prezzo indicato di $5.8828 per azione. La dichiarazione specifica che la cessione è stata eseguita da Goldman Sachs & Co. LLC in base a un piano Rule 10b5-1 precedentemente instaurato. Dopo l'operazione riportata, la disclosure indica la detenzione beneficiaria diretta di 4,749,897 azioni e 105,608 azioni detenute indirettamente da entità controllate dalla persona che ha presentato la segnalazione. Non risultano operazioni su strumenti derivati.
Marc Fogassa, identificado como director, director ejecutivo y propietario del 10% de Atlas Lithium Corp (ATLX), informó la venta de acciones comunes el 08/06/2025. El Form 4 muestra una disposición de 150,180 acciones comunes a un precio declarado de $5.8828 por acción. La presentación indica que la disposición fue efectuada por Goldman Sachs & Co. LLC en virtud de un plan Rule 10b5-1 establecido con anterioridad. Tras la transacción informada, la divulgación señala la propiedad beneficiaria directa de 4,749,897 acciones y 105,608 acciones en poder indirecto de entidades controladas por la persona declaradora. No se registran operaciones con derivados.
Marc Fogassa는 Atlas Lithium Corp (ATLX)의 이사이자 최고경영자(CEO), 지분 10% 보유자로서 08/06/2025에 보통주 매각을 신고했습니다. Form 4 신고서에는 150,180주의 보통주 처분이 주당 $5.8828로 보고되어 있습니다. 제출서류에 따르면 해당 처분은 사전에 설정된 Rule 10b5-1 계획에 따라 Goldman Sachs & Co. LLC가 이행했습니다. 보고된 거래 이후, 공시에는 신고인이 직접적으로 실질 보유한 4,749,897주와 신고인이 지배하는 법인이 간접 보유한 105,608주가 기재되어 있습니다. 파생상품 거래는 없습니다.
Marc Fogassa, identifié en tant que administrateur, directeur général et détenteur de 10% d'Atlas Lithium Corp (ATLX), a déclaré une vente d'actions ordinaires le 08/06/2025. Le Form 4 indique une cession de 150,180 actions ordinaires à un prix déclaré de $5.8828 par action. Le dépôt précise que la cession a été effectuée par Goldman Sachs & Co. LLC en vertu d'un plan Rule 10b5-1 établi antérieurement. Après la transaction signalée, la déclaration fait état de la détention effectrice directe de 4,749,897 actions et de 105,608 actions détenues indirectement par des entités contrôlées par la personne déclarante. Aucune transaction sur produits dérivés n'est mentionnée.
Marc Fogassa, ausgewiesen als Direktor, Chief Executive Officer und 10%-Eigentümer von Atlas Lithium Corp (ATLX), meldete am 08/06/2025 den Verkauf von Stammaktien. Das Form 4 weist eine Veräußerung von 150,180 Stammaktien zu einem gemeldeten Preis von $5.8828 je Aktie aus. Die Einreichung besagt, dass die Veräußerung von Goldman Sachs & Co. LLC im Rahmen eines zuvor eingerichteten Rule 10b5-1-Plans durchgeführt wurde. Nach der gemeldeten Transaktion listet die Offenlegung 4,749,897 Aktien, die direkt wirtschaftlich gehalten werden, sowie 105,608 Aktien, die indirekt von von der meldepflichtigen Person kontrollierten Gesellschaften gehalten werden. Es werden keine Derivatgeschäfte ausgewiesen.
FAQ
What insider transaction did Marc Fogassa report for ATLX?
Was the ATLX sale part of a 10b5-1 plan?
How many ATLX shares does Marc Fogassa still beneficially own?
Did Marc Fogassa report any derivative transactions in the Form 4?
Who executed the sale reported on the ATLX Form 4?
