Roger Noriega - 22 Dec 2023 Form 4 Insider Report for Atlas Lithium Corp (ATLX)

Role
Director
Signature
/s/ Roger Noriega
Issuer symbol
ATLX
Transactions as of
22 Dec 2023
Net transactions value
-$1,800
Form type
4
Filing time
29 Dec 2023, 21:20:14 UTC
Previous filing
18 Dec 2023
Next filing
05 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATLX Common Stock Conversion of derivative security +239,999 +163% 387,201 22 Dec 2023 Direct 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 Exercise of in-the-money or at-the-money derivative security $1,800 -18,000 -100% $0.1000* 0 22 Dec 2023 Series D Preferred Stock 18,000 $0.1000 Direct F2, F3
transaction ATLX Series D Convertible Preferred Stock Exercise of in-the-money or at-the-money derivative security +18,000 18,000 22 Dec 2023 Common Stock 239,999 Direct F2, F4
transaction ATLX Series D Convertible Preferred Stock Conversion of derivative security -18,000 -100% 0 22 Dec 2023 Common Stock 239,999 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock were acquired on conversion of shares of Series D Convertible Preferred Stock ("Series D Preferred").
F2 The Series D Convertible Preferred Stock Options (the "Series D Options") were earned by the Reporting Person on a quarterly basis between January 1, 2021 and December 1, 2023 as previously reported on Forms 4, and were immediately exercisable on the date of grant. The Series D Options had expiration dates between February 28, 2031 and November 30, 2033.
F3 Following the transactions described in this Statement, the Reporting Person has no Series D Options.
F4 Each share of Series D Preferred Stock was convertible at any time, at the election of the holder, into 13 1/3 shares of Common Stock. The Series D Preferred had no expiration date.
F5 Following the transactions described in this Statement, the Reporting Person has no Series D Preferred.