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  4. [Form 4/A] LITHIUM AMERICAS CORP. Amended Insider Trading Activity

LAC insider filing amended: 17,884 RSUs vested; holdings updated

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Lithium Americas (LAC) filed a Form 4/A amendment for EVP, Capital Projects Richard Gerspacher, correcting a previously reported RSU vesting amount. On 01/23/2025, 17,884 common shares were acquired at $0 upon RSU vesting (transaction code M).

Following the transaction, the filing reports 91,952 common shares directly beneficially owned and 35,769 derivative securities (RSUs) beneficially owned after the reported transactions. The RSUs were granted on January 23, 2024 and vest one-third annually beginning in 2025.

The amendment states it corrects the number of RSUs vesting on January 23, 2025 from 26,826 common shares to 17,884 common shares.

Positive

  • None.

Negative

  • None.

Insights

Administrative correction to insider RSU vesting; neutral impact.

This amendment updates an insider Form 4 to correct the RSU vesting quantity to 17,884 shares acquired at $0 on 01/23/2025. The mechanism is an RSU vesting reported as transaction code M, which typically reflects a conversion into common shares at no cash cost to the insider.

The filing also lists holdings after the event: 91,952 common shares directly and 35,769 derivative securities (RSUs). It references an RSU grant dated 01/23/2024 that vests one-third annually beginning in 2025. This is a routine administrative correction; cash-flow treatment is not indicated beyond the $0 share acquisition price.

Insider GERSPACHER RICHARD
Role EVP, Capital Projects
Type Security Shares Price Value
Exercise Restricted Share Units 17,884 $0.00 --
Exercise Common Shares 17,884 $0.00 --
Holdings After Transaction: Restricted Share Units — 35,769 shares (Direct); Common Shares — 91,952 shares (Direct)
Footnotes (1)
  1. Represents grant of RSUs on January 23, 2024, which vest 1/3 annually beginning in 2025. Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
GERSPACHER RICHARD
(Last) (First) (Middle)
C/O LITHIUM AMERICAS CORP.
5310 KIETZKE LANE, SUITE 200
(Street)
RENO NV 89511
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LITHIUM AMERICAS CORP. [ LAC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Capital Projects
3. Date of Earliest Transaction (Month/Day/Year)
01/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
04/14/2025 		6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Common Shares 01/23/2025 M 17,884 A $0 91,952 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Restricted Share Units (1) 10/16/2025 M 17,884 (2) (2) Common Shares 17,884 $0 35,769 D
Explanation of Responses:
1. Represents grant of RSUs on January 23, 2024, which vest 1/3 annually beginning in 2025.
2. Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
Remarks:
The Form 4 filed with the Securities and Exchange Commission on April 14, 2025, and amended on April 16, 2025, is being further amended to correct the number of RSUs vesting on January 23, 2025, from 26,826 common shares to 17,884 common shares.
/s/ Tereza Fonda as attorney-in-fact for Richard Gerspacher 10/16/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Lithium Americas (LAC) correct in this Form 4/A?

It corrected the RSU vesting amount on January 23, 2025 from 26,826 common shares to 17,884 common shares.

How many shares did the LAC executive acquire in the reported transaction?

The filing shows 17,884 common shares acquired at $0 upon RSU vesting on 01/23/2025.

What are the executive’s holdings after the transaction?

The report lists 91,952 common shares directly owned and 35,769 derivative securities (RSUs) beneficially owned after the transaction.

What is the vesting schedule for the RSUs mentioned by LAC?

The RSUs were granted on January 23, 2024 and vest one-third annually beginning in 2025.

What transaction code is used in the LAC Form 4/A?

The transaction is reported with code M and a share price of $0.