What is the nature of the 23,746-share award reported by LAC EVP Gerspacher?

The 23,746-share award represents performance share units granted on February 9, 2023, for which the board determined performance criteria were met on February 9, 2026. The shares are recorded as an acquisition at a grant price of $0.00 per share.

How does the Form 4 describe the 11,742-share disposal by the LAC executive?

The 11,742-share disposal is coded as an F transaction, described as payment of exercise price or tax liability by delivering securities. It is specifically characterized as a tax-withholding disposition related to the equity award, not a standard market sale.

Lithium Americas (NYSE: LAC) EVP logs share award and tax-withholding move

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

LITHIUM AMERICAS CORP. EVP, Capital Projects Richard Gerspacher reported routine equity compensation activity involving common shares. On February 9, 2026, he acquired 23,746 common shares at $0.00 per share, reflecting a grant or award tied to performance share units granted on February 9, 2023, for which the board determined the performance criteria were met on February 9, 2026. On February 12, 2026, 11,742 shares were disposed of at $4.54 per share in a tax-withholding transaction to cover obligations associated with this award, rather than an open-market sale. Following these transactions, Gerspacher directly holds 149,866 common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider GERSPACHER RICHARD

Role EVP, Capital Projects

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	11,742	$4.54	$53K
Grant/Award	Common Shares	23,746	$0.00	--

Holdings After Transaction: Common Shares — 149,866 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

03/24/2026 - 05:24 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^*

GERSPACHER RICHARD

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Capital Projects

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)
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	02/09/2026		A		23,746⁽¹⁾	A	$0	161,608	D
Common Shares	02/12/2026		F		11,742	D	$4.54	149,866	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)

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 Richard Gerspacher	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).
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 transactions did LAC executive Richard Gerspacher report on this Form 4?

Richard Gerspacher reported a grant of 23,746 Lithium Americas common shares and a related tax-withholding disposition of 11,742 shares. Both transactions are non-derivative and tied to equity compensation, rather than open-market buying or selling activity.

Was the Lithium Americas (LAC) Form 4 transaction an insider sale in the open market?

No, the Form 4 shows a tax-withholding disposition of 11,742 shares at $4.54 per share. This transaction covers tax liabilities on vested equity and is not an open-market sale driven by discretionary trading decisions.

How many Lithium Americas (LAC) shares does Richard Gerspacher hold after these transactions?

After the reported equity award and tax-withholding disposition, Richard Gerspacher directly holds 149,866 Lithium Americas common shares. This figure reflects his post-transaction ownership reported in the Form 4 for these specific compensation-related events.

Are any derivative securities involved in this Lithium Americas (LAC) Form 4 filing?

No derivative transactions are reported in this Form 4. The filing lists only non-derivative common share transactions related to a performance share unit award and associated tax-withholding, with no remaining derivative positions shown in the derivative summary.