Fogassa Marc 4

What Happened

Marc Fogassa, CEO of Atlas Lithium Corp (ATLX), disposed of 55,560 common shares on March 18, 2026, at $4.58 per share for gross proceeds of $254,387. The disposition was effected pursuant to a previously established Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-20 (Form 4 accession 0001493152-26-012037) — filing appears timely.
• Transaction type/code: Disposition to the issuer (D) — sale of shares.
• Price and proceeds: 55,560 shares × $4.58 = $254,387 (gross).
• Method: Executed by Goldman Sachs & Co. LLC under a pre-established Rule 10b5-1 plan (Footnote F1).
• Ownership note: Some common stock held indirectly by entities controlled by Fogassa (Footnote F2).
• Shares owned after transaction: Not specified in the provided summary — see the full Form 4 for post-transaction beneficial ownership details.

Context

A sale under a 10b5-1 plan is generally a pre-planned disposition and is often considered routine; it does not necessarily reflect the insider’s current view of the company. For retail investors, purchases can be more informative about insider sentiment; disclosures like this are primarily useful for tracking insider liquidity and timing.