Fogassa Marc 4

What Happened

• Marc Fogassa, CEO of Atlas Lithium Corp (ATLX), disposed of 55,555 common shares on May 6, 2026 at $5.51 per share for proceeds of $306,275. The filing reports this as a disposition to the issuer (sale-style transaction).

Key Details

• Transaction date and price: 2026-05-06 at $5.51 per share.
• Amount: 55,555 shares; gross proceeds $306,275.
• Method: Disposition effected by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 trading plan (footnote F1).
• Ownership note: Some common stock is held indirectly by entities controlled by the reporting person (footnote F2).
• Filing timeliness: Reported on Form 4 filed 2026-05-08 (two business days after the trade), which is timely under normal Form 4 rules.
• Shares owned after transaction: Not specified in the summary provided — see the Form 4 filing for total beneficial ownership after the disposition.

Context

• This was a sale under a pre-established 10b5-1 plan, which means the trades were arranged in advance and are often routine rather than an ad hoc signal about company prospects. For retail investors, purchases typically carry more direct informational weight than routine insider sales.