Lithium Americas (NYSE: LAC) CEO receives share award and withholds stock for taxes

Rhea-AI Filing Summary

LITHIUM AMERICAS CORP. President & CEO Jonathan David Evans reported stock-based compensation activity involving common shares. On February 9, 2026, he acquired 46,996 common shares at $0.00 per share as a grant, after the board determined performance criteria for previously granted performance share units were met.

On February 12, 2026, 23,238 common shares were disposed of at $4.54 per share to satisfy tax obligations through share withholding, not an open-market sale. Following these compensation-related transactions, Evans directly held 686,672 common shares of Lithium Americas Corp.

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 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)
02/09/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	02/09/2026		A		46,996(1)	A	$0	709,910	D
Common Shares	02/12/2026		F		23,238	D	$4.54	686,672	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

Explanation of Responses:

1. Represents grant of performance share units on February 9, 2023, for which the board determined the performance criteria to be met on [February 9, 2026].

	/s/ Tereza Fonda as attorney-in-fact for Jonathan David Evans	03/24/2026
	** 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).
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* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did LAC CEO Jonathan Evans report on this Form 4?

Jonathan Evans reported two compensation-related transactions in Lithium Americas common shares: an award of 46,996 shares at no cost and a separate withholding of 23,238 shares to cover tax obligations, both affecting his direct ownership position as CEO.

Did the LAC Form 4 show Jonathan Evans buying or selling shares on the open market?

No open-market trades were reported. The Form 4 shows a share grant and a tax-withholding disposition. The 23,238 shares were withheld by the company to cover tax liabilities rather than sold by Evans in the open market.

How many Lithium Americas (LAC) shares did Jonathan Evans receive as an award?

Jonathan Evans received an award of 46,996 Lithium Americas common shares at a price of $0.00 per share. This reflects the vesting of performance share units after the board determined that the related performance criteria were met on February 9, 2026.

Why were 23,238 LAC shares disposed of in Jonathan Evans’ Form 4 filing?

The 23,238 Lithium Americas shares were disposed of to pay tax liabilities tied to the share award. The company withheld these shares at $4.54 per share, a standard mechanism for satisfying tax obligations on vested equity compensation for executives.

What is Jonathan Evans’ LAC shareholding after these reported transactions?

After the reported award and tax-withholding disposition, Jonathan Evans directly holds 686,672 Lithium Americas common shares. This figure reflects his ongoing equity stake as President & CEO following the vesting of performance-linked share units and related tax settlement.

What do the performance share unit details in the LAC Form 4 footnote indicate?

The footnote explains that the award relates to performance share units originally granted on February 9, 2023. On February 9, 2026, the board determined the performance criteria were satisfied, triggering the issuance of common shares to Jonathan Evans under the award terms.