Director at Lithium Americas (NYSE: LAC) gets 6,873 DSUs

Q: What insider transaction did LAC report for director Philip Montgomery?

On 01/15/2026, Lithium Americas Corp. director Philip Montgomery was granted 6,873 deferred share units (DSUs) , bringing his total holding to 65,455 DSUs reported as directly owned.

Q: What does each DSU represent for Lithium Americas (LAC)?

Each deferred share unit (DSU) represents the right to receive one common share of Lithium Americas Corp. in the future, subject to the settlement conditions described.

Q: Does the Lithium Americas director have voting rights on the DSU underlying shares?

The director will not have voting or dispositive rights over the underlying common shares until after termination of his employment or services as a director and settlement of the DSUs.

Q: Is the DSU grant to the LAC director a derivative security?

Yes. The award is reported as a derivative security , specifically Deferred Share Units (DSUs) , each linked to one underlying common share of Lithium Americas Corp.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lithium Americas Corp. director Philip Montgomery received an award of deferred share units (DSUs) as part of his director compensation. On 01/15/2026 he was granted 6,873 DSUs at a price of $0 per unit, bringing his total beneficial holding to 65,455 DSUs reported as directly owned. Each DSU represents the right to receive one common share of Lithium Americas.

The underlying common shares tied to these DSUs will not be issued, and Montgomery will not have voting or dispositive rights over those common shares, until his service as a director ends. For U.S. participants, DSUs are settled in common shares six months after the termination date, while for non-U.S. participants settlement occurs on the 20th business day following the termination date, with no further action required from the director.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MONTGOMERY PHILIP

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units ("DSUs")	6,873	$0.00	$0.00

Holdings After Transaction: Deferred Share Units ("DSUs") — 65,455 shares (Direct)

Footnotes (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 - 04:55 PM

FAQ

What insider transaction did LAC report for director Philip Montgomery?

On 01/15/2026, Lithium Americas Corp. director Philip Montgomery was granted 6,873 deferred share units (DSUs), bringing his total holding to 65,455 DSUs reported as directly owned.

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

Each deferred share unit (DSU) represents the right to receive one common share of Lithium Americas Corp. in the future, subject to the settlement conditions described.

When will the DSUs granted to the LAC director be settled into common shares?

The DSUs will be settled after the director’s service ends. For U.S. participants, settlement occurs 6 months after the termination date. For non-U.S. participants, settlement occurs on the 20th business day following the termination date.

Does the Lithium Americas director have voting rights on the DSU underlying shares?

The director will not have voting or dispositive rights over the underlying common shares until after termination of his employment or services as a director and settlement of the DSUs.

Is the DSU grant to the LAC director a derivative security?

Yes. The award is reported as a derivative security, specifically Deferred Share Units (DSUs), each linked to one underlying common share of Lithium Americas Corp.

How many derivative securities does the Lithium Americas director own after this grant?

Following the 6,873 DSU grant on 01/15/2026, the director beneficially owns 65,455 DSUs in total, reported as direct ownership.

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^*

MONTGOMERY PHILIP

(Last)

(First)

(Middle)

C/O LITHIUM AMERICAS CORP.

5310 KIETZKE LANE, SUITE 200

(Street)

RENO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Share Units ("DSUs")	⁽¹⁾	01/15/2026		A		6,873		⁽¹⁾	⁽¹⁾	Common Shares	6,873	$0	65,455	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 Philip Montgomery	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.

Source: View Original Filing on SEC EDGAR