Form 4: Atlas Lithium CEO Marc Fogassa Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
CEO Marc Fogassa reports acquiring 265,153 shares of Atlas Lithium Corp common stock as performance-based compensation and disposing of 4,983,231 shares.
Summary
- On March 31, 2025, Marc Fogassa, CEO of Atlas Lithium Corp, reported transactions involving the company's common stock.
- Fogassa acquired 265,153 shares as part of his annual performance-based contractual compensation at a price of $0.00 per share.
- Fogassa also disposed of 4,983,231 shares.
- Following these transactions, Fogassa directly owns 4,983,231 shares and indirectly owns 105,608 shares through entities he controls.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.
Stakeholder Impact
- Shareholders may be interested in the CEO's stock transactions as an indicator of his confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of the stock transaction (acquisition and disposal). |
| 04/02/2025 | Date of signature on the SEC Form 4. |
Keywords
Atlas Lithium Corp, Marc Fogassa, Common Stock, SEC Form 4, Beneficial Ownership, ATLX, Acquisition, Disposal
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