Key facts
- This page summarizes Gregory M. Shepard's Form 4 filing for Atlas Energy Solutions Inc. (AESI).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 02 Jan 2026, 16:01.
Gregory M. Shepard - 31 Dec 2025 Form 4 Insider Report for Atlas Energy Solutions Inc. (AESI)
- Reporting relationship
- Other*
- Issuer ticker
- AESI
- Reported as of
- 31 Dec 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 02 Jan 2026, 16:01:21 UTC
- Prior SEC filing
- 29 Dec 2025
- Next SEC filing
- 19 Feb 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Gregory M. Shepard
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Gregory M. Shepard filed Form 4 for Atlas Energy Solutions Inc. (AESI) on 02 Jan 2026.
Change
- Previous filing in this sequence was filed on 29 Dec 2025.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001065833
Primary reporting owner
SHEPARD GREGORY M
- Relationship
- Other*
- Address
- 15405 ANCHORAGE PLACE, LAKEWOOD RANCH
- Signature
- /s/ Gregory M. Shepard
- Signature date
- 02 Jan 2026
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AESI
transaction
Derivative
Forward Sale Contract (obligation to sell)
Other
- Transaction value
- Shares
- +1
- Change %
- Price
- Shares after
- 1
- Date
- 31 Dec 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 532,500
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
On December 31, 2025, the Reporting Person entered into a multi-tranche, prepaid variable share forward sale transaction pursuant to a Stock Purchase Agreement (the "Agreement") entered into among the Reporting Person and an unaffiliated third party (the "Buyer") relating to an aggregate of 532,500 shares of common stock of the Issuer, par value $0.01 per share ("Common Stock") and obligating the Reporting Person to deliver to the Buyer up to an aggregate of 532,500 shares of Common Stock (or, at the Reporting Person's election, under certain circumstances, an equivalent amount of cash) to settle all tranches under the Agreement. The Reporting Person received a cash payment of $3,870,294. The Transaction maturity dates are January 18-22, 2029 with each maturity date representing a tranche.
Footnote F2
Pursuant to a Pledge Agreement, the Reporting Person pledged 532,500 shares of Common Stock (the "Pledged Shares") to secure its obligations under the Agreement, and retained voting and ordinary dividend rights in the Pledged Shares during the term of the pledge (and thereafter if the Reporting Person settles the Agreement in cash).
Footnote F3
Under the Agreement, on the first business day immediately following the maturity date for each tranche, the Reporting Person agrees to deliver to Buyer a number of shares of unrestricted stock (or an equivalent amount of cash, if cash settled) equal to the product of (A) the number of shares in such tranche and (B) (i)if closing price per share of Common Stock on the maturity date (the "Settlement Price") is less than $12.72 ("Cap Level") but greater than $8.14 ("Floor Level"), a ratio equal to the Floor Level divided by the Settlement Price, (ii) if the Settlement Price is equal to or greater than the Cap Level, a ratio equal to a fraction with a numerator equal to the sum of (1) the Floor Level and (2) the excess, if any, of the Settlement Price over the Cap Level, and a denominator equal to the Settlement Price, and (iii) if the Settlement Price is equal to or less than the Floor Level, one (1).
SEC remarks
The Reporting Person may be deemed to be a member of a "group" for the purposes of the Securities Exchange Act of 1934 by virtue of being a party to a Stockholder's Agreement dated October 2, 2023. The Reporting Person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the Reporting Person. This report shall not be deemed an admission that the Reporting Person is a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person.