What are restricted share units (RSUs) in the context of LAC’s CEO award?

Each RSU represents a contingent right to receive one common share of Lithium Americas. In this case, the RSUs come from a 293,692-unit grant that vests in three equal annual installments starting in 2026, subject to continued service conditions.

Lithium Americas (NYSE: LAC) CEO exercises RSUs; 85,296 shares withheld for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lithium Americas Corp. President & CEO Jonathan David Evans exercised 97,897 restricted share units into common shares. These RSUs each convert into one common share and relate to a 293,692-unit grant that vests in three equal annual installments beginning in 2026.

On the same date, 85,296 common shares were withheld at a price of $4.17 per share to cover tax obligations, a non-market disposition. After these transactions, Evans directly holds 781,445 common shares and 195,795 restricted share units.

Insider Trade Summary

97,897 shares exercised/converted

Mixed 3 txns

Insider Evans Jonathan David

Role President & CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	97,897	$0.00	--
Exercise	Common Shares	97,897	$0.00	--
Tax Withholding	Common Shares	85,296	$4.17	$356K

Holdings After Transaction: Restricted Share Units — 195,795 shares (Direct); Common Shares — 866,741 shares (Direct)

Footnotes (1)

Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. Represents grant of 293,692 RSUs on April 10, 2025 which vest 1/3 annually on the anniversary date of the grant, beginning in 2026.

Key Figures

RSUs exercised: 97,897 units Shares withheld for taxes: 85,296 shares Tax withholding price: $4.17 per share +3 more

6 metrics

RSUs exercised 97,897 units Restricted share units converted into common shares on 2026-04-10

Shares withheld for taxes 85,296 shares Common shares withheld at $4.17 per share for tax obligations

Tax withholding price $4.17 per share Value used for 85,296-share tax-withholding disposition

Common shares after transactions 781,445 shares Direct common share holdings following Form 4 transactions

RSUs remaining after exercise 195,795 units Direct restricted share unit holdings following transactions

Original RSU grant 293,692 units RSUs granted April 10, 2025, vesting one-third annually from 2026

Key Terms

Restricted Share Units, derivative exercise/conversion, tax-withholding disposition, contingent right, +1 more

5 terms

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

contingent right financial

"represents a contingent right to receive one share of the Issuer's common stock"

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Form 4 Insider Transactions: What Each Field Means →

04/14/2026 - 08:12 PM

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^*

Evans Jonathan David

(Last)

(First)

(Middle)

C/O LITHIUM AMERICAS CORP.

5310 KIETZKE LANE, SUITE 200

(Street)

RENO

NEVADA

89511

(City)

(State)

(Zip)

UNITED STATES

(Country)

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
X	Officer (give title below)	Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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)
Common Shares	04/10/2026		M		97,897	A	$0	866,741	D
Common Shares	04/10/2026		F		85,296	D	$4.17	781,445	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)
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)
Restricted Share Units	⁽¹⁾	04/10/2026		M			97,897	⁽²⁾	⁽²⁾	Common Shares	97,897	$0	195,795	D

Explanation of Responses:

1. Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

2. Represents grant of 293,692 RSUs on April 10, 2025 which vest 1/3 annually on the anniversary date of the grant, beginning in 2026.

	/s/ Tereza Fonda as attorney-in-fact for Jonathan David Evans	04/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did LAC’s CEO report in this Form 4?

LAC’s CEO Jonathan David Evans reported exercising 97,897 restricted share units into common shares. The transaction reflects vesting of part of a prior RSU grant, converting compensation into share ownership rather than an open-market purchase or sale.

How many Lithium Americas (LAC) shares does the CEO hold after this filing?

After the reported transactions, CEO Jonathan David Evans directly holds 781,445 common shares of Lithium Americas. He also holds 195,795 restricted share units, which represent additional potential future shares as vesting and settlement conditions are satisfied.

Were any of the LAC CEO’s shares sold on the open market in this Form 4?

No open-market sale is reported. Instead, 85,296 common shares were withheld at $4.17 per share to satisfy tax obligations tied to the RSU exercise, a standard tax-withholding disposition rather than a discretionary market sale.

What RSU grant underlies the LAC CEO’s current Form 4 transactions?

The filing references a grant of 293,692 restricted share units awarded on April 10, 2025. These RSUs vest one-third each year on the grant anniversary, beginning in 2026, and the current exercise reflects one vested portion of that award.