Fogassa Marc 4

What Happened Marc Fogassa, CEO of Atlas Lithium Corp (ATLX), disposed of 55,555 shares on April 22, 2026 at $4.74 per share, generating proceeds of $263,586. The Form 4 lists the transaction as a "Disposition to the issuer" (code D).

Key Details

• Transaction date and price: Apr 22, 2026 — 55,555 shares @ $4.74 each (total $263,586).
• Transaction type: Disposition to the issuer (code D).
• Execution: Disposition effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan (footnote F1).
• Ownership after transaction: Not specified on the filing; the filing notes common stock is held indirectly by entities controlled by Mr. Fogassa (footnote F2).
• Filing date: Form 4 filed May 7, 2026 (covers Apr 22 transaction) — this is 15 days after the trade, which is later than the typical two-business-day Form 4 deadline and appears to be a delayed filing.

Context

• The sale was executed under a pre-established Rule 10b5-1 plan, which typically means the trade was scheduled in advance and is considered a routine disposition rather than an ad-hoc sale.
• Sales do not necessarily indicate a negative view of the company; they can reflect diversification, liquidity needs, tax planning, or other personal reasons.