Roger Noriega - Sep 1, 2022 Form 4 Insider Report for Brazil Minerals, Inc. (ATLX)

Role
Director
Signature
/s/ Roger Noriega
Stock symbol
ATLX
Transactions as of
Sep 1, 2022
Transactions value $
$0
Form type
4
Date filed
9/6/2022, 06:10 AM
Previous filing
Jun 17, 2022
Next filing
Jul 7, 2023

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 +1.5K +16.67% 10.5K Sep 1, 2022 Series D Convertible Preferred Stock 1.5K $0.10 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Quarterly award of Stock Options for services as a director.
F2 The reporting person does not receive cash compensation from the Issuer for his services as a director and instead contractually earns options which can converted in up to 1,500 shares of Series D Convertible Preferred Stock at an exercise price of $0.10 per share. Such options are issuable quarterly, on the first of each March, June, September, and December and are fully vested upon issuance.