Stephen R. Petersen - Aug 6, 2021 Form 4 Insider Report for Brazil Minerals, Inc. (ATLX)

Role
Director
Signature
/s/ Stephen R. Petersen
Stock symbol
ATLX
Transactions as of
Aug 6, 2021
Transactions value $
$50,000
Form type
4
Date filed
6/16/2022, 04:00 PM
Next filing
Dec 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATLX Common Stock, par value $0.001 per share Award $50K +8.33M $0.01 8.33M Feb 10, 2022 Direct F1

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
transaction ATLX Common Stock Purchase Warrant Award +1 1 Aug 6, 2021 Common Stock 5M $0.02 Direct F2, F3
transaction ATLX Stock Options (right to buy Common Stock) Award $0 +12M $0.00 12M Dec 6, 2021 Common Stock 12M $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Report on Form 4 discloses a previously unreported purchase of Common Stock of the Issuer on February 10, 2022, pursuant to a Securities Purchase Agreement with the Issuer.
F2 This Report on Form 4 discloses previously unreported derivative security transactions effected by the reporting person since August 6, 2021, the date on which the reporting person first acquired derivative securities of the Issuer.
F3 The reporting person received the Common Stock Purchase Warrant as inducement for his purchase of 10,000 common shares of Apollo Resources Corporation, a subsidiary of the Issuer.
F4 The Stock Options vest quarterly on a straight-line basis over one year, starting on the grant date, and expire five years from each vesting date. Of the 6,000,000 Stock Options which have vested to date: (i) 3,000,000 of the Stock Options vested on March 6, 2022 and expire on March 6, 2027 and (ii) 3,000,000 of the Stock Options vested on June 6, 2022 and expire on June 6, 2027.
F5 The Stock Options were awarded to the reporting person as compensation for services as a director.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney