Form 4: Atlas Energy Solutions Inc.: Richard W. Schmidt Sells Shares in Recent Transactions

Richard W. Schmidt, a director and member of a 10% owner group of Atlas Energy Solutions Inc., recently sold shares of common stock in multiple transactions.

Summary

• Richard W. Schmidt, a director and member of a 10% owner group at Atlas Energy Solutions Inc. (AESI), has reported the sale of common stock.
• On May 15, 2024, Schmidt sold 45,948 shares at a weighted average price of $23.06, with individual prices ranging from $22.99 to $23.08.
• On May 16, 2024, Schmidt sold 88,600 shares at a weighted average price of $23.14, with individual prices ranging from $23.00 to $23.20.
• Following these transactions, Schmidt directly owns 308,039 shares and indirectly owns 894,715 shares through Schmidt Atlas LLC.
• Schmidt disclaims beneficial ownership of shares held by Schmidt LLC except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider. It's common for directors and large shareholders to periodically adjust their holdings.

Stakeholder Impact

• Shareholders may react to the insider selling activity, although the impact is likely to be minimal given the relatively small volume of shares sold compared to the total outstanding.

Key Dates