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

What Happened Marc Fogassa, CEO of Atlas Lithium (ATLX), disposed of 27,272 common shares on 2026-03-09 at $4.81 per share, for total proceeds of $131,170. The filing reports the transaction as a disposition (sale) and was recorded on the Form 4 filed 2026-03-10.

Key Details

• Transaction date: 2026-03-09; filing date: 2026-03-10 (timely filing).
• Shares sold: 27,272 at $4.81 per share; total value reported: $131,170.
• Transaction type/code: Disposition (D) — reported as shares disposed.
• Footnote F1: Sale effected by Goldman Sachs & Co. LLC under a previously established Rule 10b5-1 trading plan.
• Footnote F2: Common stock is held indirectly by entities controlled by the reporting person.
• Shares owned after the transaction: not specified in the provided filing details.

Context The sale was executed under a Rule 10b5-1 plan, which is a pre-established trading arrangement that allows insiders to sell shares on a set schedule and is commonly used to avoid allegations of trading on material nonpublic information. Sales under such plans are often routine and do not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases typically carry more informational weight than routine sales.