Cassiopeia Olson - Nov 4, 2021 Form 4 Insider Report for Brazil Minerals, Inc. (ATLX)

Role
Director
Signature
/s/ Cassi Olson
Stock symbol
ATLX
Transactions as of
Nov 4, 2021
Transactions value $
$0
Form type
4
Date filed
6/16/2022, 04:00 PM
Next filing
Dec 10, 2021

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 Stock Options (right to buy Common Stock) Award $0 +8M $0.00 8M Nov 4, 2021 Common Stock 8M $0.00 Direct F1, F2, F3
* 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 grant of stock options received by the reporting person from the Issuer on November 4, 2021.
F2 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 4,000,000 Stock Options which have vested to date: (i) 2,000,000 of the Stock Options vested on February 4, 2022 and expire on February 4, 2027 and (ii) 2,000,000 of the Stock Options vested on May 4, 2022 and expire on May 4, 2027.
F3 The Stock Options were awarded to the reporting person as compensation for services as a director.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney