Lithium Americas SEC Filings

Lithium Americas Corp. (LAC) reported insider equity transactions by its EVP, Capital Projects, on a Form 4. On October 24, 2025, 12,870 common shares were acquired through the settlement of restricted share units, bringing the executive’s direct holdings to 151,759 common shares. On November 14, 2025, the executive sold 6,118 common shares at $4.5 per share, leaving 145,641 common shares directly owned afterward.

The filing also shows related RSU activity. A block of 12,870 restricted share units was converted into common shares at an exercise price of $0, and 25,740 RSUs remained beneficially owned following the transaction. According to the disclosure, a prior RSU grant from October 24, 2023 vests in three equal installments over 2024, 2025, and 2026, and the filing states that 38,610 unvested RSUs are still outstanding.

Lithium Americas Corp. (LAC) reported an insider equity transaction by its VP, Government & External Affairs. On 10/24/2025, the officer acquired 11,417 common shares through the vesting and settlement of previously granted restricted share units (RSUs), recorded as an "M" (option exercise/RSU conversion) transaction. On 11/14/2025, the officer then sold 4,763 common shares at $4.50 per share, coded as an "S" (sale) transaction, and held 132,714 common shares directly afterward. The derivative table shows 22,834 RSUs remaining beneficially owned with a $0 exercise price, and the footnote states that 38,610 unvested RSUs remain subject to future vesting dates.

Lithium Americas Corp. (LAC) reported insider equity activity by its Senior Vice President, General Counsel and Secretary. On 10/24/2025, the officer acquired 13,286 common shares through the exercise of restricted share units, increasing their direct holdings to 141,649 shares. On 11/14/2025, they sold 6,183 common shares at a price of $4.5 per share, leaving 135,466 common shares held directly after the sale.

The filing also shows 26,570 restricted share units remaining beneficially owned, each representing a right to receive one common share. These RSUs relate to a grant originally made on 10/24/2023 that vests in equal fifths annually from 2023 through 2027, with 39,856 RSUs noted as unvested as of the referenced form date.

Lithium Americas Corp. (LAC) established an at-the-market equity program to sell up to US$250,000,000 of common shares under an Equity Distribution Agreement with TD Securities (USA) LLC as sales agent and/or principal. Sales may be made from time to time, including on the NYSE or other existing trading markets, as permitted for an “at the market offering” under Rule 415(a)(4).

The company is not obligated to sell any shares. The agent will receive a commission of up to 3.0% of gross proceeds, and standard expense reimbursement, indemnification and contribution apply. Shares will be issued under LAC’s Form S-3 shelf (effective May 23, 2025) and a prospectus supplement dated November 13, 2025 covering the up to US$250,000,000 of common shares.

Net proceeds, if any, are intended for general corporate purposes, which may include corporate and project overhead, capital expenditures, debt repayment and working capital.

Lithium Americas Corp. (LAC) reported that it furnished a press release with its financial and operational results for the fiscal quarter ended September 30, 2025. The press release is included as Exhibit 99.1.

The information under Items 2.02 and 7.01 is being “furnished,” not “filed,” under the Exchange Act, which limits its legal exposure and incorporation by reference unless specifically stated. No additional transaction details were disclosed in this report.

Lithium Americas Corp. (LAC) filed its Q3 2025 report, posting a net loss of $199.2 million, largely driven by a $190.4 million loss on the fair value of the embedded conversion feature tied to Orion’s convertible notes. Cash and restricted cash were $385.6 million as of September 30, 2025.

Thacker Pass construction advanced: construction in progress reached $1.02 billion, with $145.9 million capitalized in the quarter and $720.0 million capitalized to date. The JV with GM (38%) remains consolidated, with non‑controlling interest at $420.6 million. Year‑to‑date financing provided $364.2 million, including proceeds from the Orion financing and an ATM program that raised $66.1 million through September 30.

After quarter‑end, LAC completed a $250 million ATM program for $246.4 million net, amended its DOE loan to $2.23 billion with $184 million of early debt service deferred and issued 5% equity and JV warrant commitments, and drew $435 million on the DOE loan. Orion converted $97.5 million of notes into 25.79 million shares. Common shares outstanding were 303,488,288 as of November 12, 2025.

Lithium Americas Corp. (LAC) — Schedule 13G ownership filing. Van Eck Associates Corporation reported beneficial ownership of 14,521,563 common shares of Lithium Americas, representing 5.99% of the class as of the event date 09/30/2025.

Van Eck reports sole voting power over 14,521,563 shares and sole dispositive power over 14,521,563 shares, with no shared voting or dispositive power. The filing certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Lithium Americas Corp. (LAC) filed a Form 4 disclosing an equity award to an officer. On 10/22/2025, SVP, Finance Robert Russell‑Smith received 17,970 restricted share units (RSUs), each representing the right to receive one common share.

The RSUs vest 1/3 annually beginning in 2026. Following the grant, 17,970 derivative securities were beneficially owned on a direct basis.

Lithium Americas Corp. (LAC) reported an insider equity grant. On 10/22/2025, director Michael John Brown was awarded 7,468 Deferred Share Units (DSUs) at a price of $0, as shown on a Form 4 filing.

Each DSU represents the right to receive one common share of Lithium Americas. Settlement occurs after the director’s service ends: for U.S. participants, on the date six months following the termination date; for non‑U.S. participants, on the 20th business day following termination. Following this grant, the reporting person beneficially owned 94,421 DSUs.