Form 4: Atlas Lithium CEO Sells Shares Under 10b5-1 Plan

Atlas Lithium Corp's CEO, Marc Fogassa, sold 27,272 shares of common stock for $4.4518 per share on November 13, 2025, under a pre-arranged 10b5-1 plan.

Summary

• Marc Fogassa, who serves as Chief Executive Officer, Director, and a 10% Owner of Atlas Lithium Corp (ATLX), reported a disposition of common stock.
• On November 13, 2025, Fogassa sold 27,272 shares of Atlas Lithium Corp common stock.
• The shares were sold at a price of $4.4518 per share.
• This transaction was executed by Goldman Sachs & Co. LLC pursuant to a previously established Rule 10b5-1 plan.
• Following this reported transaction, Fogassa directly beneficially owns 4,607,468 shares and indirectly owns 105,608 shares through entities he controls.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled insider sale under a Rule 10b5-1 plan, which is a neutral event as it does not reflect discretionary timing based on new information. While insider selling can sometimes be perceived negatively, the existence of a 10b5-1 plan mitigates this concern.

Negatives

• CEO Marc Fogassa disposed of 27,272 shares of common stock, which, despite being pre-planned, represents a reduction in direct insider holdings.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the insider sale differently; some might view it as a negative signal, while others will recognize it as a pre-planned event not necessarily tied to immediate company performance.

Key Dates

Keywords

Atlas Lithium Corp, ATLX, Marc Fogassa, Insider Sale, Form 4, 10b5-1 Plan, Common Stock, CEO, Director, 10% Owner