Lithium Americas Insider Form 4 Shows Routine DSU Grant to Director

Rhea-AI Filing Summary

Director Jinhee Magie has increased her equity exposure to Lithium Americas Corp. (LAC). A Form 4 filed for 07/30/2025 reports the grant of 11,602 Deferred Share Units (DSUs) to the director, coded “A” (award). Each DSU converts into one common share, but settlement occurs only after Magie ceases board service, and she has no voting or dispositive rights until then. The award carries a $0 exercise price; therefore, no cash changed hands and the company’s share count is unaffected at this stage. After the transaction, Magie holds 66,326 DSUs, all listed as directly owned. No sales or disposals were reported, indicating the filing reflects routine board compensation rather than an active market transaction.

Insights

Insider-Trading Analyst

TL;DR: Routine DSU grant; no buying or selling, minimal market impact.

The Form 4 shows a standard equity-compensation award to Director Magie. Because DSUs settle only upon board departure and involve no immediate share issuance, dilution risk is negligible. Insider sentiment is marginally positive—ownership rises—but the size (≈66 k units total) is immaterial versus LAC’s ~160 m shares outstanding. I classify the event as neutral for valuation and trading purposes.

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
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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^*

MAGIE JINHEE

(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)
07/30/2025

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)	07/30/2025		A		11,602		(1)	(1)	Common Shares	11,602	$0	66,326	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 Jinhee Magie	07/30/2025
	** 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.

FAQ

How many Deferred Share Units did LAC director Jinhee Magie receive?

The Form 4 reports a grant of 11,602 DSUs on 07/30/2025.

What is the director’s total beneficial ownership after the transaction?

Magie now beneficially owns 66,326 DSUs, all held directly.

Does the DSU grant result in immediate share dilution for Lithium Americas (LAC)?

No. DSUs convert into common shares only after the director leaves the board, so there is no current dilution.

When will the DSUs be settled into common shares?

For U.S. participants, settlement occurs 6 months after the director’s termination date; for non-U.S. participants, on the 20th business day following termination.

Was there any sale of LAC shares by the director in this filing?

No. The filing only shows an award of DSUs; no disposals were reported.