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

Richard W. Schmidt, a director and member of a 10% owner group of Atlas Energy Solutions Inc., sold a total of 73,550 shares of common stock in two transactions on May 9 and May 10, 2024.

Summary

• Richard W. Schmidt, a director and member of a 10% owner group of Atlas Energy Solutions Inc. (AESI), reported the sale of company stock.
• On May 9, 2024, Schmidt sold 51,150 shares of common stock at a weighted average price of $22.98 per share.
• These shares were sold in multiple transactions at prices ranging from $22.82 to $23.13.
• On May 10, 2024, Schmidt sold an additional 22,400 shares of common stock at a weighted average price of $22.80 per share.
• These shares were sold in multiple transactions at prices ranging from $22.66 to $23.08.
• Following these transactions, Schmidt directly owns 308,039 shares and indirectly owns 1,029,263 shares through Schmidt Atlas LLC.
• Schmidt disclaims beneficial ownership of the shares held by Schmidt LLC except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an insider, which is neutral in sentiment.

Industry Context

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

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, but the volume is unlikely to significantly affect the stock price.

Key Dates