Marc Fogassa - Jan 1, 2023 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
Jan 1, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2023, 05:30 AM
Previous filing
Dec 1, 2022
Next filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATLX Common Stock 219K Jan 1, 2023 Direct
holding ATLX Common Stock 106K Jan 1, 2023 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 +4.17% 62.5K Jan 1, 2023 Series D Convertible Preferred Stock 2.5K $0.10 Direct F7, F8, F9, F10
holding ATLX Series A Convertible Preferred Stock 1 Jan 1, 2023 Common Stock 1 Direct F2, F3
holding ATLX Series D Convertible Preferred Stock 214K Jan 1, 2023 Common Stock 2.85M Direct F3, F4
holding ATLX Common Stock Options 151K Jan 1, 2023 Common Stock 151K 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 13 and 1/3 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 $0.0075.
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 December 31, 2032.