Marc Fogassa - Dec 1, 2022 Form 4 Insider Report for Atlas Lithium Corp (ATLX)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Marc Fogassa
Stock symbol
ATLX
Transactions as of
Dec 1, 2022
Transactions value $
$0
Form type
4
Date filed
12/1/2022, 01:55 PM
Previous filing
Nov 2, 2022
Next filing
Jan 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATLX Common Stock 164M Dec 1, 2022 Direct
holding ATLX Common Stock 78.9M Dec 1, 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 +2.5K +4.35% 60K Dec 1, 2022 Series D Convertible Preferred Stock 2.5K $0.10 Direct F7, F8, F9, F10
holding ATLX Series A Convertible Preferred Stock 1 Dec 1, 2022 Common Stock 1 Direct F2, F3
holding ATLX Series D Convertible Preferred Stock 214K Dec 1, 2022 Common Stock 2.14B Direct F3, F4
holding ATLX Common Stock Options 113M Dec 1, 2022 Common Stock 113M 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 regular 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 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 November 30, 2032.