Gregory M. Shepard - Sep 22, 2023 Form 4 Insider Report for Atlas Energy Solutions Inc. (AESI)

Role: Director, Member of 10% Owner Group
Signature: /s/ Gregory M. Shepard, by Dathan C. Voelter, as Attorney-in-Fact
Stock symbol: AESI
Transactions as of: Sep 22, 2023
Transactions value $: $72,508
Form type: 4
Date filed: 9/26/2023, 08:15 PM
Previous filing: Sep 22, 2023
Next filing: Jun 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AESI	Class A Common Stock	Award	$72.5K	+3.2K	+0.33%	$22.68	979K	Sep 22, 2023	Direct	F1
holding	AESI	Class B Common Stock						6.34M	Sep 22, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	AESI	Atlas Sand Operating, LLC Units						6.34M	Sep 22, 2023	Class A Common Stock	6.34M		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Award of restricted stock units pursuant to the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan. The award vests in full on the first anniversary of the grant date, subject to continued service through the vesting date.
F2	Each share of Class B Common Stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally. At the request of the holder, each unit ("Unit") representing ownership interests in Atlas Sand Operating, LLC ("Atlas Operating") may be coupled with a share of Class B Common Stock and redeemed for, at the Issuer's election and subject to certain restrictions in the amended and restated limited liability company agreement of Atlas Operating (the "Atlas Operating LLC Agreement"),newly issued shares of Class A Common Stock of the Issuer on a one-for-one basis or for a cash payment to be determined pursuant to the Atlas Operating LLC Agreement for each Unit redeemed. The Units do not expire.

Content

Award of restricted stock units pursuant to the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan. The award vests in full on the first anniversary of the grant date, subject to continued service through the vesting date.

Each share of Class B Common Stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally. At the request of the holder, each unit ("Unit") representing ownership interests in Atlas Sand Operating, LLC ("Atlas Operating") may be coupled with a share of Class B Common Stock and redeemed for, at the Issuer's election and subject to certain restrictions in the amended and restated limited liability company agreement of Atlas Operating (the "Atlas Operating LLC Agreement"),newly issued shares of Class A Common Stock of the Issuer on a one-for-one basis or for a cash payment to be determined pursuant to the Atlas Operating LLC Agreement for each Unit redeemed. The Units do not expire.