SHEPARD GREGORY M 4

What Happened

• Gregory M. Shepard (reporting person) sold a total of 230,000 Atlas Energy Solutions, Inc. (AESI) shares in open-market transactions. On 2026-02-17 he sold 100,000 shares at a reported weighted average of $11.75 for proceeds of $1,175,000; on 2026-02-18 he sold 130,000 shares at a reported weighted average of $11.98 for proceeds of $1,557,400. Combined proceeds were approximately $2,732,400. These were outright sales (S), not purchases or option exercises.

Key Details

• Transaction dates: Feb 17, 2026 (100,000 shares) and Feb 18, 2026 (130,000 shares).
• Reported prices: weighted averages $11.75 (Feb 17) and $11.98 (Feb 18).
• Price ranges (per footnotes): Feb 17 trades ranged $11.55–$12.07; Feb 18 trades ranged $11.78–$12.26. The filing offers to provide per-trade breakdown on request.
• Shares owned after transaction: not disclosed in the excerpt provided.
• Filing date and timeliness: Form 4 filed Feb 19, 2026. This appears to be within the customary two-business-day Form 4 filing window.
• Remarks: The filer may be part of a stockholder "group" under a Stockholder’s Agreement dated Oct 2, 2023 and disclaims beneficial ownership of group-held shares not directly owned.

Context

• These were open-market sales (routine disposition) — sales are common and do not by themselves indicate the insider’s view of the company’s prospects. No option exercises, awards, gifts, or 10b5-1 plan were reported in the provided details.