Marc Fogassa - Apr 11, 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
Apr 11, 2023
Transactions value $
$0
Form type
4
Date filed
5/26/2023, 05:20 PM
Previous filing
Jan 3, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATLX Common Stock Conversion of derivative security $0 +2.85M +1305.46% $0.00 3.07M Apr 11, 2023 Direct F1
transaction ATLX Common Stock Award $0 +29.7K +0.97% $0.00 3.1M May 26, 2023 Direct F2
holding ATLX Common Stock 106K Apr 11, 2023 See Footnote F3

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 Conversion of derivative security $0 -214K -100% $0.00* 0 Apr 11, 2023 Common Stock 2.85M $0.00 Direct F1
transaction ATLX Series D Convertible Preferred Stock Options Award $0 +2.5K $0.00 2.5K Feb 1, 2023 Common Stock 33.3K $0.10 Direct
transaction ATLX Series D Convertible Preferred Stock Options Award $0 +2.5K $0.00 2.5K Mar 1, 2023 Common Stock 33.3K $0.10 Direct
transaction ATLX Series D Convertible Preferred Stock Options Award $0 +2.5K $0.00 2.5K Apr 1, 2023 Common Stock 33.3K $0.10 Direct
transaction ATLX Series D Convertible Preferred Stock Options Award $0 +2.5K $0.00 2.5K May 1, 2023 Common Stock 33.3K $0.10 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series D Convertible Preferred Stock is immediately convertible into 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.
F2 Represents performance shares that were earned pursuant to the terms of a performance share award granted on May 26, 2023, upon ratification by the Board of Directors of the Issuer of the performance results for the period ending December 31, 2022.
F3 The shares are held indirectly through Lancaster Brazil Fund LP, Lancaster Gestora de Recursos Ltda and Sainte Valiere, LLC. Each of the entities are controlled by the reporting person.