LAC (LAC) CEO Evans exercises RSUs, ends with 662,914 common shares

Rhea-AI Filing Summary

Americas Corp. President & CEO Jonathan David Evans reported routine equity compensation activity in the company’s common shares. On January 23, 2026, he exercised 51,838 restricted stock units (RSUs), each converting into one common share at an exercise price of $0.00.

On the same date, 24,068 common shares were disposed of at $6.47 per share in a transaction coded “F,” indicating shares withheld to cover taxes on the RSU vesting. After these transactions, Evans directly held 662,914 common shares and 51,838 RSUs.

The RSUs exercised stem from a grant dated January 23, 2024, which vests in thirds annually beginning in 2025. The balances also reflect a one-share correction related to a prior administrative rounding error on RSU vesting in 2025.

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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
Common Shares	01/23/2026		M		51,838	A	(1)	686,982(2)	D
Common Shares	01/23/2026		F		24,068	D	$6.47	662,914(2)	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 Stock Units	(1)	01/23/2026		M			51,838	(3)	(3)	Common Shares	51,838	$0	51,838(2)	D

Explanation of Responses:

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

2. Balances reflect one (1) share correction due to prior administrative rounding error with respect to RSU vesting in 2025.

3. Represents grant of RSUs on January 23, 2024, which vest 1/3 annually beginning in 2025.

	/s/ Tereza Fonda as attorney-in-fact for Jonathan David Evans	01/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did LAC’s CEO report on January 23, 2026?

LAC’s President & CEO Jonathan David Evans exercised 51,838 restricted stock units into common shares at $0.00 and had 24,068 common shares withheld at $6.47 to cover taxes, leaving him with 662,914 directly held common shares afterward.

How many Lithium Americas (LAC) shares does the CEO hold after this Form 4?

After the reported transactions, CEO Jonathan David Evans directly beneficially owns 662,914 common shares of Americas Corp. He also holds 51,838 restricted stock units, each representing a contingent right to receive one additional common share upon vesting and settlement.

What do the transaction codes M and F mean in this LAC Form 4 filing?

Code M reflects the exercise or conversion of derivative securities, here 51,838 RSUs into common shares at $0.00. Code F indicates shares withheld for tax obligations, in this case 24,068 common shares at $6.47, rather than an open-market sale by the insider.

What are the terms of the RSU grant reported by LAC’s CEO?

The reported restricted stock units were granted on January 23, 2024 and vest in one-third installments annually beginning in 2025. Each RSU represents a contingent right to receive one common share of Americas Corp., subject to the applicable vesting conditions being satisfied.

Was there any correction noted in the LAC CEO’s share balances?

Yes. The filing states that the reported balances reflect a one-share correction. This adjustment addresses a prior administrative rounding error related to the vesting of restricted stock units in 2025, ensuring the reported holdings match the intended grant and vesting calculations.

Does this LAC Form 4 indicate an open-market sale by the CEO?

The filing shows no open-market sale. Instead, 24,068 common shares were disposed of in a transaction coded F, meaning they were withheld to satisfy tax obligations arising from the vesting and settlement of 51,838 restricted stock units exercised at an exercise price of $0.00.