Atlas Lithium (ATLX) CEO Marc Fogassa Sells 27,272 Shares

What Happened Marc Fogassa, CEO of Atlas Lithium Corp (ATLX), made a disposition to the issuer on February 12, 2026, selling 27,272 shares at $4.49 per share for a total of $122,369. The filing lists the transaction as a disposition (code D) and notes the sale was effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 trading plan (Footnote F1). Footnote F2 indicates some common stock is held indirectly by entities controlled by Mr. Fogassa.

Key Details

• Transaction date: 2026-02-12
• Price per share: $4.49; Shares sold: 27,272; Total proceeds: $122,369
• Transaction type/code: Disposition to the issuer (D)
• Footnotes: F1 — effected by Goldman Sachs under a Rule 10b5-1 plan; F2 — some shares held indirectly by entities controlled by the reporting person
• Shares owned after transaction: Not specified in this filing
• Filing timeliness: Report filed 2026-02-13 for a 2026-02-12 transaction (appears timely)

Context A Rule 10b5-1 plan allows insiders to execute pre-arranged trades and typically reduces the implication that trades were based on nonpublic information. Disposition-to-issuer means the shares were transferred back to the company; the filing does not state the specific reason (e.g., tax withholding, share surrender). This is a sale (not a purchase), which retail investors should view as a routine insider disposition unless other information indicates otherwise.