Lithium Americas (NYSE: LAC) director receives 10,447 DSUs equity award

Rhea-AI Filing Summary

Lithium Americas Corp. director Michael John Brown received an equity-based award in the form of deferred share units (DSUs). On 01/15/2026, he was granted 10,447 DSUs at a price of $0 per unit, increasing his total holdings to 104,868 DSUs. Each DSU represents the right to receive one common share of Lithium Americas.

The underlying common shares for these DSUs will not be issued, and Brown will not have voting or dispositive rights over those shares, until his service as a director ends. For U.S. participants, DSUs are settled automatically six months after the termination date, while for non-U.S. participants they are settled on the 20th business day following the termination date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BROWN MICHAEL JOHN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units ("DSUs")	10,447	$0.00	$0.00

Holdings After Transaction: Deferred Share Units ("DSUs") — 104,868 shares (Direct)

Footnotes (1)

1. F1. Each DSU represents the right to receive one common share of the Issuer. The underlying common shares will not be issued to the Reporting Person, and the Reporting Person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the Reporting Person's employment or services as a director of the Issuer. Grants to U.S. eligible participants will be settled with no further action by the Reporting Person on the date that is 6 months following the Reporting Person's termination date. Grants to non-U.S. eligible participants will be settled with no further action by the Reporting Person on the 20th business day following the Reporting Person's termination date.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/20/2026 - 04:47 PM Learn about SEC filing dates

FAQ

What insider transaction did LAC director Michael John Brown report?

Michael John Brown reported the grant of 10,447 deferred share units (DSUs) on 01/15/2026, increasing his total DSU holdings in Lithium Americas Corp. to 104,868.

What does each DSU represent for Lithium Americas Corp. (LAC)?

Each deferred share unit represents the right to receive one common share of Lithium Americas Corp., to be delivered after the director’s service ends and subject to the plan’s settlement terms.

Does Michael John Brown have voting rights on the shares underlying his LAC DSUs?

No. The underlying common shares will not be issued to him, and he will not have voting or dispositive rights over those shares until his employment or service as a director terminates.

When will Michael John Brown’s LAC DSUs be settled?

For U.S. eligible participants, DSUs are settled automatically six months after the termination date. For non-U.S. eligible participants, they are settled on the 20th business day following the termination date.

Is the reported LAC DSU grant a paid purchase or a cost-free award?

The 10,447 deferred share units were granted at a price of $0 per unit, indicating a cost-free equity award rather than a market purchase.

What is Michael John Brown’s role at Lithium Americas Corp. (LAC)?

He is reported as a director of Lithium Americas Corp., with the Form 4 indicating the filing is by one reporting person in that capacity.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BROWN MICHAEL JOHN

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Deferred Share Units ("DSUs")	(1)	01/15/2026		A		10,447		(1)	(1)	Common Shares	10,447	$0	104,868	D

Explanation of Responses:

1. Each DSU represents the right to receive one common share of the Issuer. The underlying common shares will not be issued to the Reporting Person, and the Reporting Person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the Reporting Person's employment or services as a director of the Issuer. Grants to U.S. eligible participants will be settled with no further action by the Reporting Person on the date that is 6 months following the Reporting Person's termination date. Grants to non-U.S. eligible participants will be settled with no further action by the Reporting Person on the 20th business day following the Reporting Person's termination date.

	/s/ Tereza Fonda as attorney-in-fact for Michael John Brown	01/15/2026
	** 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.