Sec Form 4 Filing - Scholla Chris @ Atlas Energy Solutions Inc. - 2023-09-13

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Scholla Chris
2. Issuer Name and Ticker or Trading Symbol
Atlas Energy Solutions Inc. [ AESI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
See Remarks
(Last) (First) (Middle)
5918 W. COURTYARD DRIVE, SUITE 500
3. Date of Earliest Transaction (MM/DD/YY)
09/13/2023
(Street)
AUSTIN, TX78730
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/13/2023 J( 1 ) 245,773 A $ 0 273,551 D
Class B Common Stock 09/13/2023 J( 2 ) 243,209 A $ 0 243,209 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Atlas Sand Operating, LLC Units ( 4 ) 09/13/2023 J( 3 ) 243,209 ( 4 ) ( 4 ) Class A Common Stock 243,209 ( 4 ) 243,209 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Scholla Chris
5918 W. COURTYARD DRIVE
SUITE 500
AUSTIN, TX78730
X See Remarks
Signatures
/s/ Dathan C. Voelter, as attorney-in-fact for Chris Scholla 09/15/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Acquired as a result of pro rata distributions of 3,370 shares of Class A Common Stock from Atlas Sand Holdings, LLC ("Holdings"), 149,691 shares of Class A Common Stock from Atlas Sand Holdings II, LLC, 9,430 shares of Class A Common Stock from Atlas Sand Management Company, LLC ("ASMC") and 83,282 shares of Class A Common Stock from Atlas Sand Management Company II, LLC, of each of which the reporting person is a non-managing member.
( 2 )Acquired as a result of pro rata distributions of 64,024 shares of Class B Common Stock from Holdings and 179,185 shares of Class B Common Stock from ASMC, of each of which the reporting person is a non-managing member.
( 3 )Acquired as a result of pro rata distributions of 64,024 units ("Units") representing ownership interests in Atlas Sand Operating, LLC ("Atlas Operating") from Holdings and 179,185 Units from ASMC, of each of which the reporting person is a non-managing member.
( 4 )Each share of Class B Common Stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally. At the request of the holder, each Unit may be coupled with a share of Class B Common Stock and redeemed for, at the Issuer's election and subject to certain restrictions in the amended and restated limited liability company agreement of Atlas Operating (the "Atlas Operating LLC Agreement"), newly issued shares of Class A Common Stock of the Issuer on a one-for-one basis or for a cash payment to be determined pursuant to the Atlas Operating LLC Agreement for each Unit redeemed. The Units do not expire.

Remarks:
Chief Supply Chain OfficerMember of 10% Owner Group

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