Atlas Lithium (ATLX) CEO Marc Fogassa Sells 55,555 Shares

What Happened Marc Fogassa, Chief Executive Officer of Atlas Lithium Corp (ATLX), reported a disposition of 55,555 shares on 2026-06-03 at $4.28 per share, for total proceeds of $237,792. The filing lists the transaction as a disposition (code D) and indicates the sale was effected under a previously established Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-06-03; Price: $4.28 per share; Shares: 55,555; Proceeds: $237,792.
• Transaction type: Disposition (code D) reported on Form 4.
• Sale executed by Goldman Sachs & Co. LLC pursuant to a pre-established Rule 10b5-1 plan (footnote F1).
• The filing notes Fogassa holds common stock indirectly through entities he controls (footnote F2).
• Shares owned after the transaction are not specified in the provided filing.
• Report filed 2026-06-05 (appears to be timely under the Form 4 two-business-day rule).

Context This was a planned sale under a 10b5-1 plan, which many insiders use to sell shares on a preset schedule; such sales are often routine and should not be taken alone as a signal of management’s view of the company. Purchases typically provide stronger bullish signals than scheduled dispositions.