Fogassa Marc 4

What Happened
Marc Fogassa, CEO of Atlas Lithium Corp (ATLX), disposed of 55,555 shares on May 20, 2026 at $4.33 per share, a transaction valued at roughly $240,659. The Form 4 lists the transaction as a "Disposition to the issuer" (code D); the sale was effected under a previously established Rule 10b5-1 trading plan.

Key Details

• Transaction date and price: 2026-05-20 at $4.33 per share (total ≈ $240,659).
• Transaction type: Disposition to the issuer (code D); effected by Goldman Sachs & Co. LLC per a Rule 10b5-1 plan (footnote F1).
• Ownership after transaction: Not specified in the provided filing (footnote F2 notes common stock is held indirectly by entities controlled by the reporting person).
• Filing: Report filed with the SEC on 2026-05-22 (timely relative to the 2026-05-20 transaction).
• Accession #: 0001493152-26-025122.

Context
This was a sale/disposition, not a purchase—sales executed under 10b5-1 plans are commonly pre-arranged and do not necessarily signal a change in the insider’s view of the company. Footnote F2 indicates some or all shares are held indirectly through entities the CEO controls, which can affect how ownership is reported.