Rogers Douglas G 4

What Happened
Douglas G. Rogers, a director of Atlas Energy Solutions Inc. (AESI), had 12,536 restricted stock units (RSUs) vest on March 13, 2026 and those RSUs converted into 12,536 shares of common stock at $0.00 per share (total value reported $0). Per an outside compensation agreement, the newly issued shares were transferred to The Sealy & Smith Foundation (a charitable foundation) for no consideration; the filing shows the conversion/derivative settlement and the subsequent transfer/disposition.

Key Details

• Transaction dates: RSU vesting/conversion reported March 13, 2026; reported disposition/transfer to the Foundation on March 18, 2026. Form 4 was filed March 24, 2026 (11 days after the vesting date).
• Price and value: 12,536 shares @ $0.00 per share — reported monetary value $0.
• Shares owned after transaction: The reporting person disclaims beneficial ownership of these shares; they are to be transferred to the Foundation under the Outside Compensation Agreement.
• Relevant footnotes: RSUs were granted March 13, 2025 and vested in full on the first anniversary (12,536 RSUs = 12,536 shares). The Outside Compensation Agreement requires director compensation from Atlas to be transferred to the Foundation; equity awards are transferred for no consideration upon vesting.
• Filing timeliness: The Form 4 was filed 11 days after the March 13 vesting/conversion (outside the typical 2-business-day reporting window), i.e., the filing appears late.

Context

• RSUs are a derivative award that convert into shares on vesting (each RSU = one share); this was not a market purchase or sale for cash but an administrative conversion and a no-consideration transfer to a charity.
• Transfers to a charitable foundation under an outside-compensation agreement are routine for directors with such arrangements and do not necessarily indicate personal buying or selling intent.