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

Role
Director
Signature
/s/ Roger Noriega
Stock symbol
ATLX
Transactions as of
Dec 22, 2023
Transactions value $
-$1,800
Form type
4
Date filed
12/29/2023, 09:20 PM
Previous filing
Dec 18, 2023
Next filing
Jan 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATLX Common Stock Conversion of derivative security +240K +163.04% 387K Dec 22, 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 -$1.8K -18K -100% $0.10* 0 Dec 22, 2023 Series D Preferred Stock 18K $0.10 Direct F2, F3
transaction ATLX Series D Convertible Preferred Stock Exercise of in-the-money or at-the-money derivative security +18K 18K Dec 22, 2023 Common Stock 240K Direct F2, F4
transaction ATLX Series D Convertible Preferred Stock Conversion of derivative security -18K -100% 0 Dec 22, 2023 Common Stock 240K 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.