Marc Fogassa - 01 Jul 2022 Form 4 Insider Report for Brazil Minerals, Inc. (ATLX)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Marc Fogassa
Issuer symbol: ATLX
Transactions as of: 01 Jul 2022
Net transactions value: $0
Form type: 4
Filing time: 01 Jul 2022, 16:11:09 UTC
Previous filing: 29 Jun 2022
Next filing: 27 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ATLX	Common Stock						193,929,360	01 Jul 2022	Direct
holding	ATLX	Common Stock						78,947,368	01 Jul 2022	See Footnote	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	Series D Convertible Preferred Stock Options	Award		+2,500	+5.6%		47,500	01 Jul 2022	Series D Convertible Preferred Stock	2,500	$0.1000	Direct	F7, F8, F9, F10
holding	ATLX	Series A Convertible Preferred Stock						1	01 Jul 2022	Common Stock	1		Direct	F2, F3
holding	ATLX	Series D Convertible Preferred Stock						214,006	01 Jul 2022	Common Stock	2,140,060,000		Direct	F3, F4
holding	ATLX	Common Stock Options						113,355,556	01 Jul 2022	Common Stock	113,355,556		Direct	F5, F6

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

Explanation of Responses:

Id	Content
F1	Indirect ownership through three separate entities controlled by the reporting person.
F2	One share of Series A Convertible Preferred Stock was designated and issued for $1.00 to the reporting person in connection with a series of transactions effected on December 18, 2012. On this date, the reporting person was elected as director and Chief Executive Officer of the Issuer. Each share of Series A Convertible Preferred Stock is convertible into one (1) share of Common Stock, exercisable at any time upon ten days prior written notice.
F3	No expiration date.
F4	Each share of Series D Convertible Preferred Stock is immediately convertible into 10,000 shares of Common Stock of the Issuer. The shares of Series D Convertible Preferred Stock were issued on September 15, 2021 in connection with the satisfaction and cancellation of convertible notes issued to the reporting person.
F5	Right to buy Common Stock of the Issuer.
F6	The Common Stock Options were issued on April 7, 2019 and June 30, 2019 in connection with the conversion of a convertible note issued to the reporting person and are immediately exercisable at an exercise price of $0.00001.
F7	Right to buy Series D Convertible Preferred Stock of the Issuer.
F8	The reporting person does not receive cash compensation from the Issuer and contractually earns options which can converted in up to 2,500 shares of Series D Convertible Preferred Stock at an exercise price of $0.10 per share. Such options are issuable monthly and are fully-vested upon issuance.
F9	The Series D Convertible Preferred Stock Options can be exercised at any time.
F10	Various expiration dates ranging from December 31, 2030 through June 30, 2032.