Marc Fogassa - 21 Dec 2023 Form 4 Insider Report for Atlas Lithium Corp (ATLX)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Marc Fogassa
Issuer symbol
ATLX
Transactions as of
21 Dec 2023
Net transactions value
-$9,000
Form type
4
Filing time
29 Dec 2023, 21:25:19 UTC
Previous filing
22 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 Exercise of in-the-money or at-the-money derivative security $1,134 +151,141 +5.1% $0.007500 3,138,689 21 Dec 2023 Direct
transaction ATLX Common Stock Conversion of derivative security +1,199,997 +38% 4,338,686 22 Dec 2023 Direct F1
holding ATLX Common Stock 105,608 21 Dec 2023 See Footnote F2

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 Common Stock Option Exercise of in-the-money or at-the-money derivative security $1,134 -151,141 -100% $0.007500 0 21 Dec 2023 Common Stock 151,141 $0.007500 Direct F3
transaction ATLX Series D Convertible Preferred Stock Options Exercise of in-the-money or at-the-money derivative security $9,000 -90,000 -100% $0.1000* 0 22 Dec 2023 Series D Preferred Stock 90,000 $0.1000 Direct F4, F5
transaction ATLX Series D Convertible Preferred Stock Exercise of in-the-money or at-the-money derivative security +90,000 90,000 22 Dec 2023 Common Stock 1,199,997 Direct F4, F6
transaction ATLX Series D Convertible Preferred Stock Conversion of derivative security -90,000 -100% 0 22 Dec 2023 Common Stock 1,199,997 Direct F4, F6, F7
* 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 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.
F3 Following the transactions described in this Statement, the Reporting Person has no Common Stock Options.
F4 The Series D Convertible Preferred Stock Options (the "Series D Options") were earned by the reporting person on a monthly 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 December 31, 2030 and November 30, 2033.
F5 Following the transactions described in this Statement, the Reporting Person has no Series D Options.
F6 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.
F7 Following the transactions described in this Statement, the Reporting Person has no Series D Preferred.