Sealy & Smith Foundation - 13 Mar 2025 Form 4 Insider Report for Atlas Energy Solutions Inc. (AESI)

Role: 10%+ Owner
Signature: /s/ Douglas G. Rogers, Executive Director and Secretary/Treasurer of The Sealy & Smith Foundation
Issuer symbol: AESI
Transactions as of: 13 Mar 2025
Net transactions value: $0
Form type: 4
Filing time: 17 Mar 2025, 19:14:39 UTC
Previous filing: 19 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AESI	Common Stock	Other		+12,536	+183%		19,402	13 Mar 2025	See footnote	F1, F2
holding	AESI	Common Stock						14,824,988	13 Mar 2025	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of shares of Common Stock underlying restricted stock units ("RSUs") awarded to Douglas G. Rogers pursuant to the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan. Mr. Rogers is a director of the issuer, Atlas Energy Solutions Inc. ("Atlas"), and serves as Executive Director of the reporting person, The Sealy & Smith Foundation, a charitable foundation (the "Foundation"). The Foundation and Mr. Rogers have entered into an Outside Compensation Agreement dated as of November 15, 2023 (the "Agreement"), which requires that all compensation received by Mr. Rogers from Atlas in connection with Mr. Rogers' service as a director of Atlas be transferred to the Foundation. Under the Agreement, equity awards granted to Mr. Rogers subject to vesting conditions are required to be transferred, for no consideration, to the Foundation upon vesting and are held by Mr. Rogers for the benefit of the Foundation until the transfer to the Foundation is complete.
F2	(Continued from footnote 1) The award of 12,536 RSUs granted to Mr. Rogers on March 13, 2025 vests in full on the first anniversary of the grant date, subject to continued service by Mr. Rogers through the vesting date.

Content

Consists of shares of Common Stock underlying restricted stock units ("RSUs") awarded to Douglas G. Rogers pursuant to the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan. Mr. Rogers is a director of the issuer, Atlas Energy Solutions Inc. ("Atlas"), and serves as Executive Director of the reporting person, The Sealy & Smith Foundation, a charitable foundation (the "Foundation"). The Foundation and Mr. Rogers have entered into an Outside Compensation Agreement dated as of November 15, 2023 (the "Agreement"), which requires that all compensation received by Mr. Rogers from Atlas in connection with Mr. Rogers' service as a director of Atlas be transferred to the Foundation. Under the Agreement, equity awards granted to Mr. Rogers subject to vesting conditions are required to be transferred, for no consideration, to the Foundation upon vesting and are held by Mr. Rogers for the benefit of the Foundation until the transfer to the Foundation is complete.

(Continued from footnote 1) The award of 12,536 RSUs granted to Mr. Rogers on March 13, 2025 vests in full on the first anniversary of the grant date, subject to continued service by Mr. Rogers through the vesting date.