Fogassa Marc 4

What Happened Marc Fogassa, CEO of Atlas Lithium Corp (ATLX), disposed of 55,555 common shares at $4.32 per share on March 31, 2026, generating roughly $239,959 in proceeds. The Form 4 was filed on April 2, 2026. The filing describes the transaction as a disposition (sale) — sales are often routine but do not by themselves indicate company performance.

Key Details

• Transaction date and price: 2026-03-31 — 55,555 shares at $4.32 each (≈ $239,959).
• Filing date: 2026-04-02 (appears timely; Form 4s are generally due within two business days).
• Footnotes: Sale was effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5‑1 plan (pre-arranged trading plan).
• Ownership note: Some Atlas shares are held indirectly by entities controlled by the reporting person (per filing footnote); the filing does not disclose the insider’s post-transaction share total.
• Transaction type: Disposition/sale (code D on the filing).

Context Rule 10b5‑1 plans allow insiders to sell shares on a preset schedule and are commonly used to avoid questions about timing; they don’t necessarily reflect a change in the insider’s view of the company. For retail investors, purchases can be more informative than routine sales; this single 55,555‑share disposition should be viewed in the context of other filings and company developments.