Fogassa Marc 4

What Happened
Marc Fogassa, CEO of Atlas Lithium Corp (ATLX), acquired 619,278 common shares on March 4, 2025 through the exercise/settlement of an in‑the‑money derivative. The filing reports the shares were acquired at a $0 price (recorded as common stock earned in satisfaction of contractual compensation), so there was no cash outlay shown in the Form 4.

Key Details

• Transaction date: 2025-03-04. Filing date (Form 4): 2026-03-19 — the report was filed late.
• Shares acquired: 619,278; acquisition price reported: $0. Total cash paid: $0 (treated as compensation).
• Shares held after transaction: not specified in the provided summary of the filing.
• Footnotes: F1 — common stock earned in satisfaction of contractual compensation; F2 — shares held indirectly through entities controlled by the reporting person.
• No sale reported in this filing; transaction increases insider ownership (not indicative of a market sale).

Context
The entry is a derivative exercise/settlement resulting in stock issued as compensation rather than an open‑market purchase. Because the filing was submitted more than a year after the transaction date, transparency was delayed; late filings do not change the underlying transfer but can matter to investors tracking timely insider activity.